Topic: The right mindset needed for all traders - page 7. (Read 3076 times)

What trading needs is concentration and time to learn exactly the features that's behind trading and the things that is attached to it to understand before going for it, when you bring out your time and forget anything other thing and concentrates nothing will not make you to to take advantages of the things. That's why some do learn trading for one year before trading on their own, secondly knowing the basic things of trading will make you to get a Wilder experience

But before ones get disciplined will make a few mistakes or a lot of them... Trading is risky, and there are no guarantees! Too many things depend on choosing the right pair, the right timing, and sometimes even the place where you trade can be substantial!

There's no indeed guarantee whatever market you would be touching since price couldnt really be precisely predicted since it would be affected by lots of factors which would make price movements to be
totally unpredictable thats why as a trader then you should really be preparing up yourself for losses or instances where predictions are really not that giving assurance.
Mindset is to versatile on different conditions where you do able to prepare out yourself and dont expect on something so that you wont really get that frustrated too much.
Whenever you do anticipate or been too positive and on the time that market goes opposite then you would really be freaking or boggle up your mind.

But before ones get disciplined will make a few mistakes or a lot of them... Trading is risky, and there are no guarantees! Too many things depend on choosing the right pair, the right timing, and sometimes even the place where you trade can be substantial!

I guess that people really learn once they get into the fire! It's why practice is important... it's about reading and planning, when you make a move that's it, you will either make some money or you will lose some!

This is the most important thing that we should remember when trading. Discipline is necessary for all the things that we do. Without it, we will not be able to handle everything including our emotions. Through it, we could apply patience and flexibility but without discipline, we will not be able to trade responsibly. Also, we should keep in mind that trading will always have risks, and losing is always possible.

This is the most important thing that we should remember when trading. Discipline is necessary for all the things that we do. Without it, we will not be able to handle everything including our emotions. Through it, we could apply patience and flexibility but without discipline, we will not be able to trade responsibly. Also, we should keep in mind that trading will always have risks, and losing is always possible.

I have some friends who are very disciplined traders who always buy and sell at a fixed profit or loss level.
For example: They will sell as soon as the profit reaches 3% or lose 5%.
By such disciplinary deals they have achieved success in this market.
However, I'm not a disciplined trader, so I chose for myself a long-term strategy.

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.

Why do traders lose?
Neutrally, most traders are attached to their funds and capital which affects their emotions and force traders to trade not to lose money.

I advise that we all Have a winning mentality while trading, Because in the market today; there are tendencies to lose few dollars or money on every trade, but we can overcome by having a solid reason to enter a trade (DYOR).

5 fundamentals to help traders in the market:

1. Discipline: Coming into trading with a mindset not to gamble. You can use TA (Technical Analysis), because it teaches discipline to use it. Fundamental analysis meanwhile is about understanding market emotions correctly and trading with it.

Discipline helps you to see exactly what the market doing.


2. Patience: To be a patient trader; it means that you understand what the market is saying and the emotions attached, what the market could likely do and being calm and composed enough to follow what you see.

Why do traders/holders buy or sell too early ??


It happens because they do not know what is happening in the market, being patient while trading helps you to read properly and perfectly your analysis to a definite stage and also helps you to understand whatever the market is showing you without unnecessary emotional attachment.

To be patient, you need understanding, and to understand; you need to build a strong the fundamentals of what you are understanding.


3. 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.

Planning helps you to accept the probability of how much you can lose and equally what you stand to gain from the trade.

Planning helps you to accept what will be earned or lost from the trade.


4. Persistence: Persistence helps you understand that the goal is to make more profits than loss.

5. Flexibility: This is quite difficult because as a newbie trader, you might not understand perfectly what the market can do; and there are some market moves that comes as a shock. Recent example is bitcoin losing 4000$ in a stretch few weeks back.


Discipline keeps your focused
Patient allows you to learn
Planning keeps you level headed
Persistence keeps you in the trade.
Flexibility allows you to combine all of this to trade.


And finally

Trading psychology is more of understanding people’s emotions and yourself

I am open to learn even further, and i welcome everyone suggestions

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



5 fundamentals to help traders in the market:

1. Discipline
2. Patience
3. Planning
4. Persistence
5. Flexibility

Discipline keeps your focused
Patient allows you to learn
Planning keeps you level headed
Persistence keeps you in the trade.
Flexibility allows you to combine all of this to trade.


And finally

Trading psychology is more of understanding people’s emotions and yourself

A professional trader will never hold a drawdown of an asset! He always uses the stop-loss rule... Moreover, he won't think about "weak hands", he either sells or buys...
What you're talking about can be classified as investing, not trading...

Of course, the right mindset is essential for any trader. Discipline is cool. But discipline alone cannot accomplish much here. Holding on to a scam shitcoin and being as disciplined as possible will not succeed. The first thing to start with is choosing the right asset. If you are too lazy to understand crypto projects, then the easiest way is to stop at Bitcoin. But don't panic about drawdowns. With the help of drawdowns, those people who are called weak hands are shaken out of assets. This is where the discipline is needed so as not to sell for less than you bought.

Of course, the right mindset is essential for any trader. Discipline is cool. But discipline alone cannot accomplish much here. Holding on to a scam shitcoin and being as disciplined as possible will not succeed. The first thing to start with is choosing the right asset. If you are too lazy to understand crypto projects, then the easiest way is to stop at Bitcoin. But don't panic about drawdowns. With the help of drawdowns, those people who are called weak hands are shaken out of assets. This is where the discipline is needed so as not to sell for less than you bought.

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.

Why do traders lose?
Neutrally, most traders are attached to their funds and capital which affects their emotions and force traders to trade not to lose money.

I advise that we all Have a winning mentality while trading, Because in the market today; there are tendencies to lose few dollars or money on every trade, but we can overcome by having a solid reason to enter a trade (DYOR).

5 fundamentals to help traders in the market:

1. Discipline: Coming into trading with a mindset not to gamble. You can use TA (Technical Analysis), because it teaches discipline to use it. Fundamental analysis meanwhile is about understanding market emotions correctly and trading with it.

Discipline helps you to see exactly what the market doing.


2. Patience: To be a patient trader; it means that you understand what the market is saying and the emotions attached, what the market could likely do and being calm and composed enough to follow what you see.

Why do traders/holders buy or sell too early ??


It happens because they do not know what is happening in the market, being patient while trading helps you to read properly and perfectly your analysis to a definite stage and also helps you to understand whatever the market is showing you without unnecessary emotional attachment.

To be patient, you need understanding, and to understand; you need to build a strong the fundamentals of what you are understanding.


3. 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.

Planning helps you to accept the probability of how much you can lose and equally what you stand to gain from the trade.

Planning helps you to accept what will be earned or lost from the trade.


4. Persistence: Persistence helps you understand that the goal is to make more profits than loss.

5. Flexibility: This is quite difficult because as a newbie trader, you might not understand perfectly what the market can do; and there are some market moves that comes as a shock. Recent example is bitcoin losing 4000$ in a stretch few weeks back.


Discipline keeps your focused
Patient allows you to learn
Planning keeps you level headed
Persistence keeps you in the trade.
Flexibility allows you to combine all of this to trade.


And finally

Trading psychology is more of understanding people’s emotions and yourself

I am open to learn even further, and i welcome everyone suggestions