Traders need to learn - page 4. | Bitcointalksearch.org

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Ifemini on April 03, 2020, 03:09:57 PM

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

Trust me, whether you psych yourself up or now while trading it doesn't stop the reality on ground from hitting you hard. Especially, when you're in a losing trade. Besides, part of the major reason of failure with traders apart from lack of Money Management is allowing losing trades to run deep while cutting winning trades too early. If traders could take care of these they would soon hit a gold mine.

trauchot

member

Activity: 1764

Merit: 10

Trading is not so simple, and therefore not everyone who wants to trade can get profit from trading, and therefore many at first lose a lot of money and only then start to get profit, and someone generally constantly loses money from the very beginning to the end, so with trading you always need to be very careful.

Kunnu

member

Activity: 1204

Merit: 11

Confidence and positive mindset is absolutely necessary for any kind of work even if it's cryptocurrency trading. There are probability that we will face loss while trading but it's not mean it will happen continually, the experience which we gain it really helps to decrease the level of mistakes and increase more confidence to do profitable trading.

TheICE007

full member

Activity: 646

Merit: 100

tozex.io

Well,first of all,traders should trade with Demo to understand how trading goes,now once they are good with that,they should learn to read charts so as to know when to buy a coin and when to set for sell.if these are put in place,the trader should now work on his or her mindset so as not to panic buy or panic sell, these will also help traders.

Mulann2

member

Activity: 686

Merit: 35

Quote from: Ifemini on April 03, 2020, 03:09:57 PM

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

I think this does not only apply to trading but also to the way we approach life in general, if we always have the mindset to succeed and be able to overcome whatever challenges we might face in life then we will develop that confidence to the great things,
So yes, I believe our mindset determine the way we approach things be it trading or not, it is good to always have a positive mindset.

Jateng

full member

Activity: 1337

Merit: 154

Every day, we traders should improve ourselves toward every single decision we make while trading. Every day should learn difference way or additional to current strategy we had. Strong enough to overcome every obstacle of emotional trade. Those wrong decision we had should come with experience that we must correct in future trading moves. It's about how you dedicated to be success in trading and how will this benefits you in the future. Motivation will help you to drive over your goals.
For newbies, only the beginning is very tough but it will make you made smart trade decision in the end.
Trust the Process

AbNewton

member

Activity: 126

Merit: 10

First it is important to check the coin image for authenticity before trade. Or one of the most important thing – the size of the coin, whether it's visible and whether you can make some division with it. Because if you can't divide your investment with it, there is no reason to invest in it.

But in the end, don't rely on this check alone and like you said, a mindset as well.

patz22

full member

Activity: 1176

Merit: 104

Quote from: Lhaine on April 04, 2020, 04:48:17 AM

Quote from: patz22 on April 03, 2020, 08:00:14 PM

~

Actually emotion can only make you lost the more important thing you better know is the news so you can sell it or buy it earlier when the news you heard might give high impact on the price. Emotion will only came if you make a late reaction even you already have idea about the given news and how these news will affect the market.

Mostly, news will make you win the trades however most people already knew that so what can we do to make a difference to get a better trade? Well, I don't know about TA but I am more into the news too but I guess that is the best way nowadays.

Lordshiva

full member

Activity: 840

Merit: 126

Welcome back 🙏

Quote from: Ifemini on April 03, 2020, 03:09:57 PM

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

Ya you need to be confident but you should learn that you can go in loss as well thats the reality that any trader need to accept.....
when you give time to trading confidence comes from itself

brokenrecords

newbie

Activity: 14

Merit: 0

Right now I'm investing in TemTum.

Listed on Liquid and Coinall currently.

Now working with the government in Anguilla towards creating a national digital currency for them.

https://twitter.com/wearetemtum/status/1235231478893727746

I can see Tem going £1+ when this news breaks.

mdzahed134

sr. member

Activity: 2128

Merit: 259

SOL.BIOKRIPT.COM

Right i think trade is fear for everyone who's new trader/experienced trader, though mostly beginners go to loss in trading specially for their panic mindset i think, so that definitely you need to make strong mindset and you have to prepare for loss or profit because anything can happen. You will able to profit in everyday it’s not something like that. I will go recommend for affordable amount to beginners.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: nutriagrigia on April 04, 2020, 12:56:14 PM

Quote from: Romeotom on April 04, 2020, 11:05:52 AM

Yes start of trading also you need good skills so before you need try to try learned how you can develop your trading skills. I think i am not smart trader person but i like always day by day how i can more increase my trading life.

Be very careful. Trading is not profitable every day. Always be prepared for any event in the market. this is a very risky and very nervous way to earn money for you life.

some traders can earn everyday and they are already skillfull enough and for what is the purpose of day trading ? its called day trading so that traders can trade or earn daily . trading is risky but rewarding too , not unlike to other activities that is rewarding too but the risk is way too much that your chances of earning a profit is pretty slim . to be a trader yes you need to be prepared for everything because everything is unpredictable , you need to be prepared so that you wont be shock for anything that comes .

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Experience will help your mindset to get profit for every times you come/entry.

I rarely find there is newbie trader who have a strong analyst for his trader but he doesn't get profit for every times he entry.

He will still find a lose because he doesn't have any experience. He just guessed the movement price based on his analyst that I think an analyst is not enough to be made as benchmark for all your trading. You need to your experience as well to escort your analyst and I think it will be better.

nutriagrigia

sr. member

Activity: 1270

Merit: 254

Oikos.cash | Decentralized Finance on Tron

Quote from: Romeotom on April 04, 2020, 11:05:52 AM

Yes start of trading also you need good skills so before you need try to try learned how you can develop your trading skills. I think i am not smart trader person but i like always day by day how i can more increase my trading life.

Be very careful. Trading is not profitable every day. Always be prepared for any event in the market. this is a very risky and very nervous way to earn money for you life.

Romeotom

member

Activity: 821

Merit: 20

SOL.BIOKRIPT.COM

Yes start of trading also you need good skills so before you need try to try learned how you can develop your trading skills. I think i am not smart trader person but i like always day by day how i can more increase my trading life.

lienfaye

hero member

Activity: 3010

Merit: 629

You're right we need to be confident with our decision and dont be afraid to commit mistakes because its part of being a trader and thats how we will learn. But its important to gain knowledge first to become aware of what to expect when you trade, have a plan and a strategy and learn to analyze the market. Its one of the key to succeed as a trader plus dont let your emotion influence your decision, learn not to become greedy.

thisnewcoin

full member

Activity: 406

Merit: 104

Convert Crypto at BestChange

It's true that traders need to be self-confident and brave enough to make a new strategy by not following others! But it's not that easy all time, sometimes you get confused, sometimes you feel pressure about making a decision! I think every trader should stop trading for a while, it means they should take some break! Therefore greedy is a very bad virtue when you are a trader! So, if you are confident enough to sell, then sell it or do the opposite of it! If you lose, don't fed up or sad because you made profits before, so, believe yourself that you can make it again!

litepool.ru

full member

Activity: 531

Merit: 100

If you are psychologically not afraid of losing, I believe you have been in this market for many years and made a lot of profits with it. It is a very difficult thing for us to learn and do in this market, I have also been in this market for 3 years but every time I lose, I am often scared and confused and it makes me suffer from mistake in the future

In the silence

sr. member

Activity: 1296

Merit: 294

''Vincit qui se vincit''

Quote from: Ifemini on April 03, 2020, 03:09:57 PM

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

your post was mentioned couple of times and yes being positive is a big advantage when trading all kinds of investments, all traders, stocks or cryptocurrencies are doing their best to gain their profit.

your thinking creates the outcome you rreceives in your daily lives. Its being positively or negatively on your choices to trade.

Rosilito

sr. member

Activity: 658

Merit: 274

Wish for the rain? Then deal with the mud too.

Fear of losing isn't easy to get rid off especially if you're starting new. But don't you think it was also an important to thing to know as well? Like you know your position, and the risk behind it that would make you keep on doing better so that you'll be able to avoid unnecessary loses. Mindset is very complicated to talk about as it varies subjectively upon on individual's approach towards living. Some others don't mind this and that, while others are full of worries. After all, nobody wants to lose.

Isn't it? This topic must be moved in Trading Discussion?

Topic: Traders need to learn - page 4. (Read 827 times)