Topic: trading needs consistent attention and full concentration - page 2. (Read 1029 times)
As a trader, you have to mark your time to be productive, look for breaking news, follow imo, fomo or chart analysis but really have to be very focused. If you have family, children... it is definitely a big deal for traders. I have a family and small children so I wouldn't trade it for being a trader.
That's why you need to have a very big amount of free time or you consider it as your day job because you're going to spend a lot of time waiting for the right moments in the market. Although, it becomes different eventually because when you become more experienced and efficient with trading, you are going to need less time spent when you are trading.
At first, yes you need lots of time dealing with your research it's very important that you spare time to look for good
asset to work with, every single data that you can gather to all media channels that the team have is very important
piece of information, but eventually, those hard work and time spend will bring you knowledge that you can use to have
a much better chance with your trading business.
In general, yes, but it all depends on your style and which candlesticks you are trading.
In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.
In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.
Trading bot even is not a guarantee to a successful trade. If it were to be so, every trader would have made it on every trade made. Bots are not easy to chop out profit as easy that way.
That's why you need to have a very big amount of free time or you consider it as your day job because you're going to spend a lot of time waiting for the right moments in the market. Although, it becomes different eventually because when you become more experienced and efficient with trading, you are going to need less time spent when you are trading.
Yes it can be taken as a day job because if given enough time to develop on it, it is very lucrative than many salary jobs and you still have your time to fix other things. As usual anything you invest your time on is likely you do a good understanding of it.
That's why you need to have a very big amount of free time or you consider it as your day job because you're going to spend a lot of time waiting for the right moments in the market. Although, it becomes different eventually because when you become more experienced and efficient with trading, you are going to need less time spent when you are trading.
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.
I agree on that trading needs a full concentration, if we are going to do trading without concentration we can be end up as loser so we need to concentrate and fucos on it. Some people lose because they always do trade as a part time job and they don't give their full attention on it.
consistency and patience is one of the basic things before entering the crypto world. You have to really understand the basics of crypto. As you said that we are like a school if the basics haven't been mastered how can you move up to a higher level, you really have to be consistent to learn and dig deeper into the material, not just the skin. Especially in terms of concentration, this is also the main point that you need to underline so that what you are aiming for is really clear.
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.
I agree on that trading needs a full concentration, if we are going to do trading without concentration we can be end up as loser so we need to concentrate and fucos on it. Some people lose because they always do trade as a part time job and they don't give their full attention on it. 
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.
Trading is not what everyone can do, because there are many people who cannot cope with the stress of having to read a lot every day and doing research to be able to trade. But all you need is passion, as long as you have that love for what you’re doing you’re not going to be seeing it as a stress any more, instead you’re going to enjoy doing what you’re doing, even though it’s not easy.The reason a lot of people quit is because, first of all they want to make quick money, and secondly, they want to make it easily, and when they come into trading and see how hard it is, they all run off. But those who stay and develop passion for it and start working hard on it are the ones who are successful.
Trading is the only real way to make money but when you trade you need time and comfort if you are trading right. If your trade is 70 to 75% then you are a good trader. But these are very difficult tasks. Only 10% of people win in trading But it is also a fact that if you learn to trade then you do not need to work because there is a lot of money in trading.
only 10%? is that so? many professional traders have a lot of experience and the 10% figure is too little. maybe don't count it on a percentage basis, winning in trading will not continue to happen.Knowing the basics of technical analysis in trading will give you a better winning percentage. that way you will understand how the market works.
Don't always think that being a trader will always be a lot of money. Look at the effort they put in before they got rich. Of course there will be a lot of capital needed as well as some losses that will never be forgotten. Trading is not as easy as turning the hand.
One of the big mistakes that i see new traders do is they immediately jump into trading high volatile low currencies and they end up not having the attention or the time to concentrate, where they should be going for much more reliable and flexible trades, like bitcoin or Ethereum where the price are constantly changing and you can make some good profit from it if you make the right decisions at the right time.
They see it from others that it's more rewarding.That is the reason why they choose to trade those type of cryptocurrencies because they're mostly being hyped. They trade without the foundational knowledge that they need as a trader.
And when they experience how hard it is, they learn from it but with a pair of losses.
Trading is never been easy even it do looks to simple but its not.Of course it would really be needing consistent attention and concentration because if you don't put up a focus on it then expect
that lose chances is way more higher than on profiting ones and you should really be mindful about this thing.
Most of the people that sees the success of traders are only looking at the success but they barely see the struggles and bad experiences that they've made.
Which makes them stronger and better in this field.
Trading is the only real way to make money but when you trade you need time and comfort if you are trading right. If your trade is 70 to 75% then you are a good trader. But these are very difficult tasks. Only 10% of people win in trading But it is also a fact that if you learn to trade then you do not need to work because there is a lot of money in trading.
Yes exactly.
Trading will really need consistent and also attention fully.
When trading, we may get less or lack sleep, stress, and also other negative bad impacts. However, why do many people including me still do trading? Because we know that trading also gives or earns sus much money if we can do it very well.
Trading is an activity, happiness when we get profits.
This will really make our life colorful and challenging enough. But of course, smart trading
Trading will really need consistent and also attention fully.
When trading, we may get less or lack sleep, stress, and also other negative bad impacts. However, why do many people including me still do trading? Because we know that trading also gives or earns sus much money if we can do it very well.
Trading is an activity, happiness when we get profits.
This will really make our life colorful and challenging enough. But of course, smart trading
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.
True, It is stressfu job at the early stage but once you learn all tools of trading then you can handle it comforably. I am an experienced trader and I do trading in stocks, Forex and Crypto and my learning about trading can be described in single line that , for traders all markets are same, some are more volatile like crypto and some are less like Forex but those more volatle give you more opportunities to make provided how good you are in indenfying opportunity and making profit out of it. To develop this skill you have to be good in Technical Indicators as well as good understanding of Risk/Money management.
One of the big mistakes that i see new traders do is they immediately jump into trading high volatile low currencies and they end up not having the attention or the time to concentrate, where they should be going for much more reliable and flexible trades, like bitcoin or Ethereum where the price are constantly changing and you can make some good profit from it if you make the right decisions at the right time.
They see it from others that it's more rewarding.That is the reason why they choose to trade those type of cryptocurrencies because they're mostly being hyped. They trade without the foundational knowledge that they need as a trader.
And when they experience how hard it is, they learn from it but with a pair of losses.
Trading is never been easy even it do looks to simple but its not.Of course it would really be needing consistent attention and concentration because if you don't put up a focus on it then expect
that lose chances is way more higher than on profiting ones and you should really be mindful about this thing.
Just as it is necessary to have knowledge about trading, it is also necessary to have a discipline. A trader cannot make a profit only if he has knowledge of the market unless he closes that trade at the right time. If the trader does not have discipline and the power to control himself, then that trader will not be able to stay in the market for long.
I have seen for myself that even though many trades were in my profit, I did not close them due to greed and later that trade had to close at a loss. So a good strategy with trading knowledge is very important for a trader so that he can retain profit.
Indeed. Knowledge and discipline in trading is very important. Considering the fact that trading is highly profitable and responds majority to knowledge, skills and discipline, this means it needs full attention and concentration consistently. I have noticed some of the traders especially to those upcoming traders, that means they are newbies that carried away easily with little profit or loss especially when there is changes of price. Becoming a good trader is like your on the school, you do necessary things consistently without any distraction until you succeed. Once you started trading, it needs the guidance of an expert, so seeking mentorship from a companion is my best advice. I have seen for myself that even though many trades were in my profit, I did not close them due to greed and later that trade had to close at a loss. So a good strategy with trading knowledge is very important for a trader so that he can retain profit.
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.
Even if we're having too much concentration, that doesn't guarantee us good results in trading because many possibilities that losing bigger amount of money will tend to exist. We can be a good trader or make ourselves as an expert of it, but before you reach the top position many struggles will be faced in order to become worth it for those praises. My advice is don't drown yourself over trading all alone, balancing our activities is very important so don't risk on asset you can't afford to lose.
One of the big mistakes that i see new traders do is they immediately jump into trading high volatile low currencies and they end up not having the attention or the time to concentrate, where they should be going for much more reliable and flexible trades, like bitcoin or Ethereum where the price are constantly changing and you can make some good profit from it if you make the right decisions at the right time.
They see it from others that it's more rewarding.That is the reason why they choose to trade those type of cryptocurrencies because they're mostly being hyped. They trade without the foundational knowledge that they need as a trader.
And when they experience how hard it is, they learn from it but with a pair of losses.
Just as it is necessary to have knowledge about trading, it is also necessary to have a discipline. A trader cannot make a profit only if he has knowledge of the market unless he closes that trade at the right time. If the trader does not have discipline and the power to control himself, then that trader will not be able to stay in the market for long.
I have seen for myself that even though many trades were in my profit, I did not close them due to greed and later that trade had to close at a loss. So a good strategy with trading knowledge is very important for a trader so that he can retain profit.
I have seen for myself that even though many trades were in my profit, I did not close them due to greed and later that trade had to close at a loss. So a good strategy with trading knowledge is very important for a trader so that he can retain profit.
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.
One of the big mistakes that i see new traders do is they immediately jump into trading high volatile low currencies and they end up not having the attention or the time to concentrate, where they should be going for much more reliable and flexible trades, like bitcoin or Ethereum where the price are constantly changing and you can make some good profit from it if you make the right decisions at the right time. The more you are concentrated on trading, the more chances you'll be successful, that's the fact.
Some people started trading and later quit their job because they are already successful, and what they can make through their job in a month, they can make in trading in a day, that's how lucrative trading is for people who have the skills. Anyone could work hard just to be consistent as the reward is life-changing, but as for me, I'm not that good anymore yet, so I'll stick with the long-term trading.
I do not think that you should quit your job just because you are making a lot of money on trading. I have a good chunk of money saved aside, not a lot but a good chunk, it could allow me to not work for 6 months, I lost it on a project I was working on and now I am back to living pay check to pay check, but I didn't just quit my job and kept on trading like I did, that is how I made that money, by trading and investing, lost it on a project but I could recoup that by working, investing, trading and get back there, it may take some time but I will get there. Some people started trading and later quit their job because they are already successful, and what they can make through their job in a month, they can make in trading in a day, that's how lucrative trading is for people who have the skills. Anyone could work hard just to be consistent as the reward is life-changing, but as for me, I'm not that good anymore yet, so I'll stick with the long-term trading.
You know what I will do when I get there? I will not stop working, I will keep on trading and making a good amount of profit, but I will not quit working, never did, never will. I could retire one day, but that doesn't mean that I will quit, I will just be a very old guy who is having hard time working so that will be understandable.
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