trading needs consistent attention and full concentration

DarkDays

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Quote from: Theones on August 16, 2021, 11:12:12 AM

I do agree with OP that you need necessary knowledge, skills and tools to do trading in profit. Those who jump with zero knowledge always end up in loss.

It is through knowledge and skills that anyone can contribute to society in any shape and form. The same principle also applies to trading. While trading might not be for everyone it is at least crucial to learn from early on. This learning curve should cover basics trading skills, planning for entry/exit and how to time it such that it works out for you.

Too often, people jump in not really understanding what to expect and just following the crowd which sometimes works but most of the times doesn't. So stick to your basics, trade, learn some more and find out if trading in the end is for you or not.

Obviously you can't do something without giving it the time and attention it deserves, and trading does take up on both.

zaesvlas

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Alternatively, you can, of course, not pay enough attention. But it should be understood that in this case, the trading result may not be the most positive.

Hobo66

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In order to achieve your goals in trading, it is necessary to give full time to trading. If you don't pay any attention or does not give time to trading, then it will become difficult to get benefits from trading. To be successful in trading, it is most important to give attention and full concentration to trading.

Coiriel

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Experience and knowledge really play an important role and you cannot start trading without them, because this is the basis for a good result

Theones

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I do agree with OP that you need necessary knowledge, skills and tools to do trading in profit. Those who jump with zero knowledge always end up in loss. One other reason is that newbies think that trading is a a piece of cake and with this mindset people jump with huge capital and that's there key mistake.
I am a loser when it comes to day trading or short term trading while winner when it comes to HODLing.

qwertyup23

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Quote from: BlackFor3st on August 15, 2021, 12:17:47 AM

That's true some people are not fully consistent and not on their full concentration when doing trading that's why it's hard for them to think what is a good decision and what's bad also if you are not on full concentration there are things that you might miss and that's not really good in trading.

It's not about full concentration and being consistent- it's about hard work and absorbing the knowledge for experience.

Even if a person is consistent with trading, there is still no guaranteed profit on his end. Trading requires a great deal amount of experience and knowledge on the market. When we mean by knowledge- both the extrinsic and intrinsic factors should be considered that affect the price of cryptocurrencies. Then after that, full concentration would follow in order to track down the price and sell them at ATH.

leea-1334

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Quote from: Yamifoud on August 16, 2021, 04:52:51 AM

Maybe it works for you but for me, it won't and I realize that it needs more time and effort. With the changes I've made, it was found to be more profiting and the results is too far from what I did before.
Yes, it doesn't need to be glued all day on the screen and never does this as I was just a casual trader even the other day traders but having a long-time spend on the market will help us to be more aware of the current trend and this gives us some view which strategy we have to apply and consider this as an advantage.

Trust me it does not even work for him or anyone who posted here in this thread that it worked for them,,, And if they argue, simply ask for the proof, which is very easy to get if they really were traders.

Real traders do not waste time on this kind of threads. Too busy actually trading.

Glued to screen "traders" are actually speculators and gamblers. The painful truth:)

Qirtov

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Consistent and concentration is very necessary in trading. You must really have a consistent intention from beginning to end when deciding to be reliable in cryptocurrencies, especially when you already feel the difficulty of holding back emotions when monitoring market conditions. Related to concentration, namely when you have difficulty controlling your emotions, you really have to stay focused on trading, don't vent your emotions when trading. Focus on the goal to be achieved.

molsewid

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Quote from: ninabobo on August 15, 2021, 02:42:20 AM

Trading truly is like a school, the most focused and attentive student are the one's who comes out with flying colors, but these days everyone wants to trade without the required knowledge, trading based on luck which makes it looks like gambling, entering at any point and hoping for price increase and this what makes newbies loose in trade and quit saying trading is bad whereas it's someone else profession.

Trading is a constant and consistent learning, it takes a lot of years of educating yourself about trading and if a person choose to commit himself/herself it would not be easy for him to get a correct or proper techniques how to trade but at least the fact that learning for him is not boring. We do look trading as a good chance to earn a great profit and it is definitely true however only those who knows how to trade well, well-educated how to trade are the one who succeeded. Trading is not easy but if you really wanted to learn about this platform you will going to enjoy the benefit of your decision.

Yamifoud

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Quote from: ChrisPop on August 16, 2021, 12:56:11 AM

I think you can be a consistently profitable trader even if you are a part-time trader. No need to stay glued all-day to the screen if you're trading a high timeframe like a daily or weekly. And yes, it does need a lot of focus and concentration, but once you get it, it kind of becomes an automated process requiring less cognitive effort as the mind gets used to it. Wink

Maybe it works for you but for me, it won't and I realize that it needs more time and effort. With the changes I've made, it was found to be more profiting and the results is too far from what I did before.
Yes, it doesn't need to be glued all day on the screen and never does this as I was just a casual trader even the other day traders but having a long-time spend on the market will help us to be more aware of the current trend and this gives us some view which strategy we have to apply and consider this as an advantage.

ChrisPop

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Not your Keys, Not your Bitcoins

I think you can be a consistently profitable trader even if you are a part-time trader. No need to stay glued all-day to the screen if you're trading a high timeframe like a daily or weekly. And yes, it does need a lot of focus and concentration, but once you get it, it kind of becomes an automated process requiring less cognitive effort as the mind gets used to it. Wink

Xampeuu

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Quote from: freedomgo on August 15, 2021, 03:48:34 PM

Quote from: ninabobo on August 15, 2021, 02:42:20 AM

Quote from: horrifiedx1 on July 18, 2021, 11:49:30 PM

right, a trader is like going to school, where we must always learn with the market and not be complacent. because the market can easily stalk our psychology when we feel great. therefore staying alert, sticking to the rules, and always being calm are the characteristics of a good trader, they will remain calm even though profit / loss befalls them

Trading truly is like a school, the most focused and attentive student are the one's who comes out with flying colors, but these days everyone wants to trade without the required knowledge, trading based on luck which makes it looks like gambling, entering at any point and hoping for price increase and this what makes newbies loose in trade and quit saying trading is bad whereas it's someone else profession.

Trading is not so complicated IMO, what's more important here is your ability to control your emotion and always stick to the game plan. The trend is very easy to predict, that's why it's always advisable to buy at dip and sell at the peak, some newbies failed to follow it, instead, they do the opposite.

right, the main factor determining the success of a trader is psychological. but many people are actually busy looking for the best trading strategy, with cool analysis images, but many have not been able to obey it, so they end up panic selling

freedomgo

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Quote from: ninabobo on August 15, 2021, 02:42:20 AM

Quote from: horrifiedx1 on July 18, 2021, 11:49:30 PM

right, a trader is like going to school, where we must always learn with the market and not be complacent. because the market can easily stalk our psychology when we feel great. therefore staying alert, sticking to the rules, and always being calm are the characteristics of a good trader, they will remain calm even though profit / loss befalls them

Trading truly is like a school, the most focused and attentive student are the one's who comes out with flying colors, but these days everyone wants to trade without the required knowledge, trading based on luck which makes it looks like gambling, entering at any point and hoping for price increase and this what makes newbies loose in trade and quit saying trading is bad whereas it's someone else profession.

Trading is not so complicated IMO, what's more important here is your ability to control your emotion and always stick to the game plan. The trend is very easy to predict, that's why it's always advisable to buy at dip and sell at the peak, some newbies failed to follow it, instead, they do the opposite.

ninabobo

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Quote from: horrifiedx1 on July 18, 2021, 11:49:30 PM

right, a trader is like going to school, where we must always learn with the market and not be complacent. because the market can easily stalk our psychology when we feel great. therefore staying alert, sticking to the rules, and always being calm are the characteristics of a good trader, they will remain calm even though profit / loss befalls them

Trading truly is like a school, the most focused and attentive student are the one's who comes out with flying colors, but these days everyone wants to trade without the required knowledge, trading based on luck which makes it looks like gambling, entering at any point and hoping for price increase and this what makes newbies loose in trade and quit saying trading is bad whereas it's someone else profession.

celot

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Quote from: doctor877 on July 18, 2021, 05:21:05 PM

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle.

It is not easy being a trader. Not what they imagine when they see a trader who is already successful . Though all have the same process. Even a successful trader is always willing to learn, whether it's learning from his own experience or the experience of others. So focus on deepening knowledge, from here even a small capital if we have knowledge will develop into a big one.

BlackFor3st

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That's true some people are not fully consistent and not on their full concentration when doing trading that's why it's hard for them to think what is a good decision and what's bad also if you are not on full concentration there are things that you might miss and that's not really good in trading.

sherenikaw

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What is said is true so that we do not rush or panic in trading with this ups and downs crypto market. Trading requires patience to wait for the right time to sell or buy crypto at the right price. If you rush to make decisions in trading, you will get the losses because you cannot think clearly. It's not easy being a good trader and it also takes time and experience to become a good trader, that's why many novice traders give up because they want quick and easy results. So all of that does require patience, thoroughness and also caution to be able to trade well.

milewilda

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1. Focus
2. Set Goals
3. Open on new ideas
4. Continue to read up others experience
5. Dont trade with emotion
6. Patience
7. Proper handling of funds
8. Dont believe on Fuds and shills

You would really be needing these things but majority of them would be gained through experience
and you would discover it for yourself.

DibiaVxosis

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Your right trading needs consistency and attention, without being focused we might end up having a loosing trade so often and this is what makes many new traders quit trading so quickly. If a trader pays the sacrifice of giving out time and attention to trading and acquire the required knowledge about trading, practice, make mistakes and learn from the mistakes with time such trader will be a professional and a successful trader.

feelideb

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I agrre that trading require a lots of attention and consentration and without this two important character, you may not succeed as a trader! It takes a lots of energy to stay focus and pay attention all the time! It is important to allocate a certain amount of time where you can pay attention and concentrate till that time is spent. You can repeat this over and over again so you don't get burnt and become sick!

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