The right mindset needed for all traders - page 3.

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Quote from: Xampeuu on March 03, 2023, 10:58:11 AM

Quote from: Cling18 on March 01, 2023, 11:47:58 AM

Quote from: Lorokan on March 01, 2023, 10:31:15 AM

Quote from: Newlifebtc on December 26, 2022, 06:22:16 PM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I want to understand exactly what you mean, because with this scenario I'm very confused concerning what you are saying over this

In that context, OP is saying that as long as you are a disciplined trader; and you are confident, you will make it in every aspect of finance and life, be it normal business, or crypto currency trading. A man without patience will always fomo and run at loss, while a man confident in his abilities and is very discipline will continue to thrive,.

Remember, discipline helps you learn when to stop or start!

We can make things right when we are discipline in all aspects of life. When it comes to trading, the discipline also comes along with the eagerness to learn everything and we could use that as an edge to be successful in trading. If you don't have patience, trading will not work well for you because an impatient person can always commit mistakes when it comes to decision-making.

with discipline we can know the development of our trading style, because of course we can learn to trade in a healthy manner, in which we adhere to the framework that was previously made, so that finally we can assess whether our analysis is correct or still needs improvement, on the other hand it is not easy to find the right analysis according to our trading style, which means the need for experience to eventually become a successful trader

New traders like the newbie as always seeking the trading as an easy way to earn money which is the wrong mindset they just risking their money into a bad decision making, having a proper guidance and knowledge newbie traders can now make an experience which is the right or wrong path with their decision making in getting position

Lanatsa

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Quote from: Xampeuu on March 03, 2023, 10:58:11 AM

Quote from: Cling18 on March 01, 2023, 11:47:58 AM

Quote from: Lorokan on March 01, 2023, 10:31:15 AM

Quote from: Newlifebtc on December 26, 2022, 06:22:16 PM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I want to understand exactly what you mean, because with this scenario I'm very confused concerning what you are saying over this

In that context, OP is saying that as long as you are a disciplined trader; and you are confident, you will make it in every aspect of finance and life, be it normal business, or crypto currency trading. A man without patience will always fomo and run at loss, while a man confident in his abilities and is very discipline will continue to thrive,.

Remember, discipline helps you learn when to stop or start!

We can make things right when we are discipline in all aspects of life. When it comes to trading, the discipline also comes along with the eagerness to learn everything and we could use that as an edge to be successful in trading. If you don't have patience, trading will not work well for you because an impatient person can always commit mistakes when it comes to decision-making.

with discipline we can know the development of our trading style, because of course we can learn to trade in a healthy manner, in which we adhere to the framework that was previously made, so that finally we can assess whether our analysis is correct or still needs improvement, on the other hand it is not easy to find the right analysis according to our trading style, which means the need for experience to eventually become a successful trader

In short, we would really be still needed to face up lots of trial and error or simply not really a smooth sail ride on learning up things which it would really cost up some funds if we arent that good on handling ourselves but of course with those mistakes and errors on which you would really be needing to adjust and learn for yourself so that in next time encounter of the said scenario then you do already
have the idea on what you should gonna do.

Persevere and sustain because acquiring such skills and knowledge isnt something that could be done in a short time.This is why you do need to survive
if you are really that serious on going into this path.

Xampeuu

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Quote from: Cling18 on March 01, 2023, 11:47:58 AM

Quote from: Lorokan on March 01, 2023, 10:31:15 AM

Quote from: Newlifebtc on December 26, 2022, 06:22:16 PM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I want to understand exactly what you mean, because with this scenario I'm very confused concerning what you are saying over this

In that context, OP is saying that as long as you are a disciplined trader; and you are confident, you will make it in every aspect of finance and life, be it normal business, or crypto currency trading. A man without patience will always fomo and run at loss, while a man confident in his abilities and is very discipline will continue to thrive,.

Remember, discipline helps you learn when to stop or start!

We can make things right when we are discipline in all aspects of life. When it comes to trading, the discipline also comes along with the eagerness to learn everything and we could use that as an edge to be successful in trading. If you don't have patience, trading will not work well for you because an impatient person can always commit mistakes when it comes to decision-making.

with discipline we can know the development of our trading style, because of course we can learn to trade in a healthy manner, in which we adhere to the framework that was previously made, so that finally we can assess whether our analysis is correct or still needs improvement, on the other hand it is not easy to find the right analysis according to our trading style, which means the need for experience to eventually become a successful trader

Jody.Drummer

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Quote from: stomachgrowls on December 27, 2022, 03:37:34 PM

Even veterans or to those who had already been old on this market do still really be able to feel up that panic which it isnt really that totally surprising on why people do make out such bad decisions due to impulsive

emotions which is something that cant really be avoid for some time.Mindset and emotion should really play out well on harmonious ways because if not then you would really be boggling up yourself on taking up
decisions basing into your trading decisions and positions.
If you do touch up trade then you should make yourself that prepared for whatever circumstances that you might faced on ahead.

Yes, that's what will always happen, actually we don't need to worry about panic, because that is a trait that humans will have, but what is needed here is how to overcome it. And it is experience that will make us overcome such things, with experience we will know what to do when panic comes to us to make us calmer in dealing with situations that are not in our favor. I think this is not only talking when we experience losses, but when we are also profitable, sometimes we are confused about what we should do, continue trading or stop, don't you think?

Cling18

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Quote from: Lorokan on March 01, 2023, 10:31:15 AM

Quote from: Newlifebtc on December 26, 2022, 06:22:16 PM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I want to understand exactly what you mean, because with this scenario I'm very confused concerning what you are saying over this

In that context, OP is saying that as long as you are a disciplined trader; and you are confident, you will make it in every aspect of finance and life, be it normal business, or crypto currency trading. A man without patience will always fomo and run at loss, while a man confident in his abilities and is very discipline will continue to thrive,.

Remember, discipline helps you learn when to stop or start!

We can make things right when we are discipline in all aspects of life. When it comes to trading, the discipline also comes along with the eagerness to learn everything and we could use that as an edge to be successful in trading. If you don't have patience, trading will not work well for you because an impatient person can always commit mistakes when it comes to decision-making.

Lorokan

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Quote from: Newlifebtc on December 26, 2022, 06:22:16 PM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I want to understand exactly what you mean, because with this scenario I'm very confused concerning what you are saying over this

In that context, OP is saying that as long as you are a disciplined trader; and you are confident, you will make it in every aspect of finance and life, be it normal business, or crypto currency trading. A man without patience will always fomo and run at loss, while a man confident in his abilities and is very discipline will continue to thrive,.

Remember, discipline helps you learn when to stop or start!

KupaCrypto

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Quote from: Slow death on April 09, 2020, 12:57:36 AM

we have to face reality, people buy a currency and then the currency falls and they don’t use Stop Loss thinking that the currency will recover soon, but time goes by and the price of the currency keeps falling, but what makes me shocked Is to see the continued optimism that the currency will rise eventually, I am not telling people to stop being optimistic, but one cannot be optimistic to the point that the optimist is a certainty. We have to trade using Stop-Loss always and never put feelings

Yes , but what if after a heavy fall of the currency then there is a sudden rise of that currency and in this case double the amount you bought it and maybe by then you have removed it with the fear of a further fall , I personally, I won't be happy with myself, I even prefer it should fall to the Lowest and I loose my money than for me to remove it and there is a sudden rise, then after thinking about the money I would have made seriously I won't forgive myself,
Anyone that buys a currency has to be a risk bearer he should know what is involved because the value of a currency Will always rise or fall .

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Quote from: xSkylarx on January 25, 2023, 11:20:12 PM

Quote from: Lorokan on April 06, 2020, 09:18:24 AM

Staying at home has helped me to study and learn and today, i will be referencing the key virtues that is learnable to be a trader

Trading psychology refers to mental or emotional state that defines or dictates if a trader win or lose.

We thought at first to win trade is mostly because of having that winning strategy but later on, when you have that strategy your emotions start to kick in like you are having difficulty taking trades or stopping the loss as our emotions controling us. Trading is also about our emotions on how we can successfully control them as it will drive us to do unnecessary things like being greedy which leads to losses. If we have a strategy on how to control our emotions like we have before we trade then for sure it would be 100% successful to execute a trade and we can have a higher percentage of winning.

Emotion is one of the main thing that could affect someones approach when it comes on dealing up with things where it would be one of the main factors which would really hinder you out nor really make yourself

that impulsive when it comes to making decisions.On the time that you had gained up some experience and awareness on which this is where your adaptability would kick in and this is where most people do end up

on the same path and this is where you do mold yourself on being a better trader than on yesterdays.It is really a matter of experience and skills that you had honed up
for some specific period of time.

xSkylarx

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Quote from: Lorokan on April 06, 2020, 09:18:24 AM

Staying at home has helped me to study and learn and today, i will be referencing the key virtues that is learnable to be a trader

Trading psychology refers to mental or emotional state that defines or dictates if a trader win or lose.

We thought at first to win trade is mostly because of having that winning strategy but later on, when you have that strategy your emotions start to kick in like you are having difficulty taking trades or stopping the loss as our emotions controling us. Trading is also about our emotions on how we can successfully control them as it will drive us to do unnecessary things like being greedy which leads to losses. If we have a strategy on how to control our emotions like we have before we trade then for sure it would be 100% successful to execute a trade and we can have a higher percentage of winning.

rojan

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Quote from: martyns on January 25, 2023, 08:09:50 PM

Quote from: rojan on January 08, 2023, 02:16:39 AM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

A successful businessman will never invest with a wrong decision. If a person ever invests somewhere with a wrong decision, then he will never be able to make a profit. I think that if you want to make a profit, you should always think and invest. Profits are available and if you invest some time, you have to suffer a lot of losses. Therefore, you must always invest properly to stay away from such losses.

Every trader must bare in mind that trading is a very risky game,it's as risky as gambling,and any trader who have decided to join the game of trading must be strong hearted,he must know that trading is a two way thing,anything can happen while trading,either loosing or winning.Therefore,when one is on the loosing side,he must know that it's part of the game,and not to overthink or get depressed as a result of the money lost.

Yes, I think so. If someone can trade by accepting profit and loss while trading, then he can become a successful trader. And if he thinks about profit all the time, then he will face many problems. If time is ever lost then if someone takes a hot head decision it will not bring anything good for him. So while trading you have to keep a cool head and trade.

martyns

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Quote from: rojan on January 08, 2023, 02:16:39 AM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

A successful businessman will never invest with a wrong decision. If a person ever invests somewhere with a wrong decision, then he will never be able to make a profit. I think that if you want to make a profit, you should always think and invest. Profits are available and if you invest some time, you have to suffer a lot of losses. Therefore, you must always invest properly to stay away from such losses.

Every trader must bare in mind that trading is a very risky game,it's as risky as gambling,and any trader who have decided to join the game of trading must be strong hearted,he must know that trading is a two way thing,anything can happen while trading,either loosing or winning.Therefore,when one is on the loosing side,he must know that it's part of the game,and not to overthink or get depressed as a result of the money lost.

kapalmabur

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Quote from: rojan on January 08, 2023, 02:16:39 AM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

A successful businessman will never invest with a wrong decision. If a person ever invests somewhere with a wrong decision, then he will never be able to make a profit. I think that if you want to make a profit, you should always think and invest. Profits are available and if you invest some time, you have to suffer a lot of losses. Therefore, you must always invest properly to stay away from such losses.

Investing in the right way must also have skills in analyzing an asset, be it real commodity assets or digital commodity assets such as cryptocurrencies,
we know that cryptocurrencies are very volatile, even professional entrepreneurs or investors can experience a lot of losses.
for example investors from FTX or investors from Terra, how? what is a better way of analysis? Yes, that is, always monitoring the news that is there.

rojan

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Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

A successful businessman will never invest with a wrong decision. If a person ever invests somewhere with a wrong decision, then he will never be able to make a profit. I think that if you want to make a profit, you should always think and invest. Profits are available and if you invest some time, you have to suffer a lot of losses. Therefore, you must always invest properly to stay away from such losses.

LUCKMCFLY

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In this way I have discovered that the mentality of an afternoon should always be very positive and not become attached to shares or currencies, when it comes to investment things can be seen in another way, but to be a trader it is another type of Vision, you should go for the line of least resistance, just as Livermore did, and it doesn't matter if the price goes up or down, what you should do is that you can have a better reaction, if the market goes down, go leveraged towards down and win, and if the market goes up, go all up, with good leverage, that's the style I see in trading and how traders should have.

Wolfblood200$

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Planning: Planning goes down to your analysis, your position sizing and also your trading psychology. For planning to help, you need to understand your analysis; and also understand that you must not trade more than you can afford to lose, once you go overboard; its gambling.

Indeed this point is really carried, I've been a victim of such,
But still I am looking for means not to yield to the temptations of going overboard , I will love some tips please, to do away with such urge

stomachgrowls

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Quote from: Jody.Drummer on December 27, 2022, 02:00:54 PM

Quote from: Vaskiy on December 26, 2022, 05:48:49 PM

Quote from: Insanity on December 26, 2022, 01:52:04 AM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I think no matter what the market is like. You always have to remember one thing. If you ever invest, the first thing you should do is always keep your head cool and think. If you ever get excited, that's it for you. You will face a lot of big losses. Therefore, you should always invest with a cool head when it comes to investment.

Being cool unlike the market situation is always good choice, but to experience the best out of the market needs patience. Even when you're into trading and the market doesn't look good, we need to take the stand to hold. Always keep in mind the worst market could turn, and the same will let you enjoy when the market is on its positive side.

Many say this, but what happens in the field is not as easy as what is said. The large number of people who panic about the market situation proves that they are not calm and do not have enough patience in dealing with an uncertain market. This is actually the problem, there are lots of theories, but in practice it will be very difficult to do. Experience will answer everything in my opinion, when we experience more and more then calm will come by itself. Because sometimes experience is a teacher that makes us even better, in any case, especially in the investment world like this.

Even veterans or to those who had already been old on this market do still really be able to feel up that panic which it isnt really that totally surprising on why people do make out such bad decisions due to impulsive

emotions which is something that cant really be avoid for some time.Mindset and emotion should really play out well on harmonious ways because if not then you would really be boggling up yourself on taking up
decisions basing into your trading decisions and positions.
If you do touch up trade then you should make yourself that prepared for whatever circumstances that you might faced on ahead.

Jody.Drummer

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Activity: 1708

Merit: 566

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Quote from: Vaskiy on December 26, 2022, 05:48:49 PM

Quote from: Insanity on December 26, 2022, 01:52:04 AM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I think no matter what the market is like. You always have to remember one thing. If you ever invest, the first thing you should do is always keep your head cool and think. If you ever get excited, that's it for you. You will face a lot of big losses. Therefore, you should always invest with a cool head when it comes to investment.

Being cool unlike the market situation is always good choice, but to experience the best out of the market needs patience. Even when you're into trading and the market doesn't look good, we need to take the stand to hold. Always keep in mind the worst market could turn, and the same will let you enjoy when the market is on its positive side.

Many say this, but what happens in the field is not as easy as what is said. The large number of people who panic about the market situation proves that they are not calm and do not have enough patience in dealing with an uncertain market. This is actually the problem, there are lots of theories, but in practice it will be very difficult to do. Experience will answer everything in my opinion, when we experience more and more then calm will come by itself. Because sometimes experience is a teacher that makes us even better, in any case, especially in the investment world like this.

Newlifebtc

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Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I want to understand exactly what you mean, because with this scenario I'm very confused concerning what you are saying over this

Vaskiy

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Quote from: Insanity on December 26, 2022, 01:52:04 AM

Quote from: Bhig Daddy on November 06, 2022, 02:45:48 AM

On this market, a disciplined trader will always prevail, and I'm sure they are confident in their abilities. Though a proper mindset should be learned by everyone, not just a trader, by everyone who is investing their hard-earned money, this is a terrific insight and piece of advice. Although patience is a virtue, you will still lose money if you lack discipline.

I think no matter what the market is like. You always have to remember one thing. If you ever invest, the first thing you should do is always keep your head cool and think. If you ever get excited, that's it for you. You will face a lot of big losses. Therefore, you should always invest with a cool head when it comes to investment.

Being cool unlike the market situation is always good choice, but to experience the best out of the market needs patience. Even when you're into trading and the market doesn't look good, we need to take the stand to hold. Always keep in mind the worst market could turn, and the same will let you enjoy when the market is on its positive side.

Fondarchand

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Activity: 259

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If a person wishes to be victorious then it is necessary that a person should not think about his defeat, he just think and concentrate on the planning he adopted and traders must watch regularly the price and also the rules which is needed for success, if he is attached with the price chart then he will be familiar with the ups and downs so it will be very helpful for the achievement.

Topic: The right mindset needed for all traders - page 3. (Read 3181 times)