The three pillars of trading | Bitcointalksearch.org

Ezravdb

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Quote from: aylabadia05 on September 02, 2021, 12:46:53 AM

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

If I make a trading parable, it's almost the same as a person who sells in a traditional market, where bargaining always happens and there is always an increase and decrease in demand, that's how I make an analogy so I can understand it better when I'm trading.

BuNga_cute

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Quote from: aylabadia05 on September 02, 2021, 12:46:53 AM

Quote from: BuNga_cute on September 01, 2021, 05:08:35 AM

Quote from: aylabadia05 on September 01, 2021, 03:19:06 AM

Yes. For me technical/fundamental skills come first. Technical/fundamental skills will determine success or failure in trading. These technical skills are related to basic knowledge that must be mastered so that we can manage the risks that will be encountered in trading.

I agree technical and fundamental analysis skills are very important in trading, but what knowledge about how crypto works that we must first learn.
If we don't know how crypto works, it will be difficult to understand how to analyze price movements in the market. This means that before deciding
to trade at least we know the basic knowledge about the crypto world, so don't trade in something we don't understand.

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

That's why it's important that we learn everything about the crypto world, don't be in a hurry to make a profit from trading. But the reality is that
today there are a lot of newbies without knowledge and experience who dare to trade crypto using large capital. They think trading is just buying
coins at low prices and selling them at high prices. In fact, trading is quite complicated and it takes patience to become a successful trader.
The conclusion is that knowledge is the most important thing in trading, so don't ever be lazy to learn first. If we already have knowledge, we can
trade well and profit will come.

Golftech

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Quote from: Ezravdb on September 02, 2021, 12:25:26 PM

Quote from: aylabadia05 on September 02, 2021, 12:46:53 AM

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

If I make a trading parable, it's almost the same as a person who sells in a traditional market, where bargaining always happens and there is always an increase and decrease in demand, that's how I make an analogy so I can understand it better when I'm trading.

Same concepts indeed, you have to deal with your understanding to when to buy and to when to sell your asset.

There are influenced that affects the whole market that you needed to consider and like how OP provide the 3 pillars
you need to make sure that handling each information do help you with your trading business.

better anticipation and good control with your emotions.

sana54210

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Quote from: Ezravdb on September 02, 2021, 12:25:26 PM

Quote from: aylabadia05 on September 02, 2021, 12:46:53 AM

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

If I make a trading parable, it's almost the same as a person who sells in a traditional market, where bargaining always happens and there is always an increase and decrease in demand, that's how I make an analogy so I can understand it better when I'm trading.

I do the same but my example is always a hectic cat. Cats could ignore you, live like they own the house and never even check what you are doing, eat their food, do their business and scratch if you ever want to pet them, but the same cats could come to you, want you to pet them, want you to feed them, want attention, sit on your lap, sit on your computer so you pet them, basically suddenly become very needy. Same pet, same cat, but depending on their mood they are very different animals.

Market is the same, it could crash to 30k tomorrow and I wouldn't be shocked about it, it has done it before and it could have that type of crash yet again, or the same bitcoin could break ATH as well, and I wouldn't be shocked about that neither, think about it, I am so used to volatility that anything between 30k and 65k is definitely normal for me, just like how cats are.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Don't forget about;

•Emotion handling

Asking on which one is the most important? I could say that all of them are important and its not really that ideal that you should focus only one aspect because having these multiple
qualities could really help you out to sustain this market.

You do need to learn up those qualities or things so that you would able to sustain yourself into this unpredictable venture that not everyone could simply engage on.

beerlover

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

I would say that those three are definitely correct but adding "studying/learning" is very important as well and it never really stops as well so it is a very important pillar of it. Could you put it into "technical/fundamental skills" if you want to? You could, but studying and learning is not just learning skills neither, there are more stuff to learn then just how to trade as well.

So, I would say that if you are not student of trading then you will end up losing money. This is also true for 10-20 year veterans in stock market, even warren buffet keeps studying to get better and he is one of the richest person in the world while being 90+ years old as well. So all in all I would say that there is a good chance this is the fourth pillar but probably the most important one because anyone who stops learning will stop earning at the same time.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Those are the factors that are theoretically so, but when trading you will hardly be able to manipulate them flexibly. And there will be no factor that is the most important because if something is missing, I believe your trading will be difficult to achieve.

darahjuang

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The most important thing is basic knowledge around crypto trading. When there is no basic knowledge how to manage the risk management that we will face in trading. These two things are very important and interrelated with each other. There is no benefit if you have a lot of capital while basic trading skills are not there.

aylabadia05

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Quote from: BuNga_cute on September 01, 2021, 05:08:35 AM

Quote from: aylabadia05 on September 01, 2021, 03:19:06 AM

Yes. For me technical/fundamental skills come first. Technical/fundamental skills will determine success or failure in trading. These technical skills are related to basic knowledge that must be mastered so that we can manage the risks that will be encountered in trading.

I agree technical and fundamental analysis skills are very important in trading, but what knowledge about how crypto works that we must first learn.
If we don't know how crypto works, it will be difficult to understand how to analyze price movements in the market. This means that before deciding
to trade at least we know the basic knowledge about the crypto world, so don't trade in something we don't understand.

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

We can't do without this pillars of trading you have mentioned which is necessary for one to gain maximum result in trading. They'll work hand to hand to better one's trading arsenal. But if you really want to know the most important one among the three, then I'll go for Trading Psychology which I believe could constitutes everything that one need in trading. Do not forget that we can't do without the three when it comes to having and effective result and being a pro in the trading world.

Nasuhalugu

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Knowing about coins that have potential and understanding market conditions, it falls into the category of fundamental skills. Risk management is definitely about opportunities and threats. Therefore, in trading, basic skills are needed to be able to properly manage risk management. When we know the potential coin and market conditions, it will make it easier for us to trade.

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Quote from: seramania on September 01, 2021, 02:26:50 AM

risk management is the beginning for determining where our trading will go. where it is combined with good skills will definitely work well. but the most important thing now is that risk management must be properly executed and arranged as well as possible in order to minimize losses even though it is only under 1%

Whatever the job, management must exist, for example in trading, both for the long term and for the short term, what is clear is that management arrangements must always exist, and skills always coexist with management because without skills, everyone will not be able to manage risk management.

wajik-tempe

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Nothing is more important than each other, those 3 things are a must have for a traders moreover for a trader who live their live from trading or as a full time traders.
I will add one more thing to become a great trader is a courage, to be a successfull trader, a trader must have a courage to take a big decision but with a full calculation behind it. Because sometimes there will be a time that we are faced with a high risk decision that we have to take.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Trading is not just those three pillars because you need to have experience. If you have good skills, money/risk management, and trading psychology but do not have much trading experience, you can have a difficult time analyzing and selecting the right coin. But I think there are other things that we need to trade that we do not know as trading is not as simple as we think and it is not easy to be a good trader from time to time. If you are willing to learn more about trading, I am sure you will find the other things you need to have in trading.

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Quote from: ?? on ??

The three pillars that must exist in trading, one of the three pillars you mention does not exist, so it is not perfect. That's roughly what I think.
Technical skills come first in trading because we really have to know what coin or token is a good opportunity for us to trade.

Try to mention the three pillars here so that everyone can know them well,
because I believe in this forum there are very many people who trade actively every day, so at least you can help them in this.

BuNga_cute

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Quote from: aylabadia05 on September 01, 2021, 03:19:06 AM

Yes. For me technical/fundamental skills come first. Technical/fundamental skills will determine success or failure in trading. These technical skills are related to basic knowledge that must be mastered so that we can manage the risks that will be encountered in trading.

I agree technical and fundamental analysis skills are very important in trading, but what knowledge about how crypto works that we must first learn.
If we don't know how crypto works, it will be difficult to understand how to analyze price movements in the market. This means that before deciding
to trade at least we know the basic knowledge about the crypto world, so don't trade in something we don't understand.

FrozenBit

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Theory and based on personal opinion are not universally applicable and if we continue to impose it we will only see the stereotype. Basically, the goals are different, as well as the ability to reach the market, and no one will admit that their way is perfect. Personally, I feel that the key to effective trading is when you are ready for this market.

aylabadia05

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Yes. For me technical/fundamental skills come first. Technical/fundamental skills will determine success or failure in trading. These technical skills are related to basic knowledge that must be mastered so that we can manage the risks that will be encountered in trading.

seramania

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risk management is the beginning for determining where our trading will go. where it is combined with good skills will definitely work well. but the most important thing now is that risk management must be properly executed and arranged as well as possible in order to minimize losses even though it is only under 1%

monineklutak

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Quote from: ?? on ??

The three pillars that must exist in trading, one of the three pillars you mention does not exist, so it is not perfect. That's roughly what I think.
Technical skills come first in trading because we really have to know what coin or token is a good opportunity for us to trade.

Analyzing and doing research is very important in trading,
I think every trader should be able to do this because after all when choosing coins to trade, of course, there is a high possibility that later they will lose money,
what is certain is that trading is not something that is easy to do and the risks are also big

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Quote from: indah rezqi on August 29, 2021, 01:08:39 AM

Risk management is very important in my opinion in trading. When we can master risk management and we use it, then psychologically it will make it easier for us to do activities in trading. Trading in crypto only expects profit and no one wants to lose. By implementing risk management, it will give birth to a cautious attitude to us.

Risk management is born when everyone finds knowledge and ways to trade, because when someone doesn't have the knowledge for it, then he won't know how to give birth to risk management in terms of trading, so the point mentioned by the creator of this topic is very important technical/fundamental skills

Knowledge and ways to trade are basic and I admit that without knowledge of something, one will definitely not know how he will work there. In the context of this discussion, of course, we are no longer talking about this but more about other things that are considered to be the main choice in trading besides knowledge. In my opinion, it is not trading psychology but risk management (opportunities, threats, profit and loss) is the main choice that must be applied.

sgenuine

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I think that the most important thing is of course skills. When you have good skills of technical and fundamental analysis you can make up a profitable strategy and then just follow it. Of course at the same time you have not to give in to emotions, that's why trading psychology is also important. What comes to risk management, of course you shouldn't invest everything in one place.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

It's not that one thing is most important. The main thing is to configure all of these things properly. Of course, it is also important to determine the strategy in advance, i.e. to determine the period for which we invest, what possible losses we are able to accept and what profits we expect.

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I can't pick which one that i think that must become the most important thing in the trading coz those things have been playing very important role when you're trading.

Technical and fundamental research will help you to determine the market direction based on the chart/candle and news that will be fundamentally affecting the movement of the price.

Money management will be helping you to maintain your funds effectively to face the bearish or bullish trend in the market.

Trading psychology was also a very important thing to be combined with money management and skill to analyze the market.

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Quote from: Ararbermas on August 29, 2021, 07:11:56 AM

Actually those what you've mentioned above they're all the most important things to know when it comes trading, but there's something missing for me, which is the emotion, i mean you should not trade with emotion because that's the common problem why we always made mistakes and regrets afterward in trading. Indeed its useless if you know all the important stuff to succeed but you don't know how to control your emotions especially when there's a bad situation in the market the occurred . So add that one to your list to avoid mistakes and to have a good journey in trading.

yeah,sometimes we know all rules and concept,but we can't control ourselves to obey them.when altcoins hit down,we know we should wait it to recover,but the fear stop us,so we sell it.when altcoins went up,we are will happy to hold it for upper,but it's time we should sell it.

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Quote from: anu1908 on August 28, 2021, 11:15:56 AM

why do we always question which one is the most important, i don't really get it. if you mean which one you should focus early on, then technical skill must be one of them. trading psychology is learned through experience, so i don't think you can speed through it. just practice with real money more and more.

That's right, in terms of trading it is clear that experience is very much needed in trying it with real money and also needs to learn all three if it can be considered very important, because the things that can protect and save us in trading are always considered important even though the points can be very large.

dark1234

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Quote from: Ararbermas on August 29, 2021, 07:11:56 AM

Actually those what you've mentioned above they're all the most important things to know when it comes trading, but there's something missing for me, which is the emotion, i mean you should not trade with emotion because that's the common problem why we always made mistakes and regrets afterward in trading. Indeed its useless if you know all the important stuff to succeed but you don't know how to control your emotions especially when there's a bad situation in the market the occurred . So add that one to your list to avoid mistakes and to have a good journey in trading.

maybe it's already entered into psychology, where psychology concerns several emotional and mental aspects which are both interconnected with each other and among the three things that have been mentioned by the OP. psychology of traders is the most important thing because if this is not healthy it will irrational emotional and mental growth so that they no longer put forward the important things namber 1 and 2 mentioned by the OP

Ararbermas

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Actually those what you've mentioned above they're all the most important things to know when it comes trading, but there's something missing for me, which is the emotion, i mean you should not trade with emotion because that's the common problem why we always made mistakes and regrets afterward in trading. Indeed its useless if you know all the important stuff to succeed but you don't know how to control your emotions especially when there's a bad situation in the market the occurred . So add that one to your list to avoid mistakes and to have a good journey in trading.

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All of them are important. It shouldn't be forgotten and only look at the other as the most important, weigh all of them as the same.
Is emotion already part of trading psychology? it is where mostly are failing to control.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

everything in my opinion is needed in trading. but I think the most important thing is management. because in trading management has an important role, where we arrange capital and also determine purchases and expenses and how trading techniques will work according to good management. so in my opinion management should be prepared well after that the other points are prepared

indah rezqi

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Risk management is very important in my opinion in trading. When we can master risk management and we use it, then psychologically it will make it easier for us to do activities in trading. Trading in crypto only expects profit and no one wants to lose. By implementing risk management, it will give birth to a cautious attitude to us.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

If we're dealing with psychology, then our emotions is very important factor in order to overcome fears. Once you develop your confidence it's not hard for us to dwell on pressures of trading, and future crucial times would be an easy task for us. Skills will follow if you established a good foundation, you're not going to be afraid to face the risk once you found the best asset which you can afford to lose while holding them.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

I would agree with the comments above that the three notes are important, but i thought what does it mean "Trading Psychology" and if it has a big difference with what you called "technical/fundamental skills".

In the technical/fundamental skills, there are way too much branches; from technical details about the project behind the crypto you want to invest in, to the cheaters strategies to manipulate the market. So i suggest to add another note about being crypto enthusiast in general to be an active user who is interested in based-blockchain-businesses.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

If I look at it basically, all the points you mention are very important because they are located differently and are used at different times, so if these three things are not present, it will be useless to trade, because no one will ever win.

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Quote from: luca prieto on August 28, 2021, 05:03:19 AM

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

If you want to be a good trader, You need all of the above. Personally Technician analysis, Risk management is very important. You need to know when to enter a trader, and when to exit. If your trade goes wrong, you need to cut loss and out of the trade. All of the activities depend on Techcinal analysis and risk management. Trading is very hard and most of the traders lose their funds at trading, Only 8% to 10% of people can able to make a profit from the trade. Rest of them lost there money at trade(according to google) Without proper risk management trading is like gambling. Propper risk management help to survive at trading. Surviving is the most important thing at trade.

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why do we always question which one is the most important, i don't really get it. if you mean which one you should focus early on, then technical skill must be one of them. trading psychology is learned through experience, so i don't think you can speed through it. just practice with real money more and more.

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Quote from: kurniawan05 on August 28, 2021, 05:26:31 AM

In my opinion, all of them are equally important, to start trading, you must be prepared with these 3 pillars, one of them cannot be omitted. I've been trading for about 2 years, so far what I rely on is news from the project, but I don't understand technical things, so I'm often stuck with dumps or pumps that happen suddenly.

Yes, all of them are important. Without one of them, you can not trade better but you can just trade. If you do not master one of those three pillars, you should learn more to gain experience and not forget to practice what you learn. But maybe trading psychology will be more important than the other because that can guide you not to panic when the price falls so you can know what you should do. If you confuse with technical things or something like that, you can use the basics of trading which means, you can buy low and sell high and you will be okay.

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In my opinion, all of them are equally important, to start trading, you must be prepared with these 3 pillars, one of them cannot be omitted. I've been trading for about 2 years, so far what I rely on is news from the project, but I don't understand technical things, so I'm often stuck with dumps or pumps that happen suddenly.

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The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Topic: The three pillars of trading (Read 360 times)