Topic: trading needs consistent attention and full concentration - page 3. (Read 1029 times)
As we should know about the facts that in trading there are loss as well as we are getting profit too, but in a sense you are right without concentration we will definitely be in a loss in can't do trading. The main thing is concentration with having much patience in trading. Then only it will give us profit and there will be more chance to get profit.
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.
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.
considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently.
In my opinion full concentration is not facts about trading, but understanding of risk management, knowledge of trading and also experience is a must have,there is one way to do these three things, by understanding your own potential and determining the Time Frame to use.
when you have done that, full concentration is actually not needed, because trading is not about shooting animals in the forest, but about anticipating every market movement.
As i can say discipline is very necessary in trading because whenever you are well disciplined it will be easy for you and another thing you are right trading needs full concentration too, sometimes we don't know about the coins and these coins will give us loss which is bad.
Trading is not only about profit and loss, IMHO, it is like when we are read the book, you must finish it to understand what trully meaning of it, and make summary as same as your condition, as example, when we take mentoring class, doesnt mean the theory will be match with market condition and our own style, we need convert it before do what we get from mentoring class that we takes and start applying to the buy and sell activity.
Many of us fail with this situation, i am include, but i try more and more and at this time, i am learning from what ive been trough.
but at the end of the day it's still all about profit though, the main reason why people trading is because they want to profit from the market and every end of trading people always judge whether their trade is worth the time or not. other thing like mentoring class or trading tutorial is like a tutorial for you to make a way into making profit.Many of us fail with this situation, i am include, but i try more and more and at this time, i am learning from what ive been trough.
You are right mate, all of this is just how we take profit from our trade, but every people has style how to get it, like i said above, when you read market or coin direct accurately like you were reading a book and summarised, its be your style to trade and make profit.
I mean, everyone need to make customization from what they heard and see from tutorial and others.
so we can't just imitate from other people because it's not necessarily in accordance with what we want,
what is clear is trading is not an easy thing so we need to keep learning
Trading is not only about profit and loss, IMHO, it is like when we are read the book, you must finish it to understand what trully meaning of it, and make summary as same as your condition, as example, when we take mentoring class, doesnt mean the theory will be match with market condition and our own style, we need convert it before do what we get from mentoring class that we takes and start applying to the buy and sell activity.
Many of us fail with this situation, i am include, but i try more and more and at this time, i am learning from what ive been trough.
but at the end of the day it's still all about profit though, the main reason why people trading is because they want to profit from the market and every end of trading people always judge whether their trade is worth the time or not. other thing like mentoring class or trading tutorial is like a tutorial for you to make a way into making profit.Many of us fail with this situation, i am include, but i try more and more and at this time, i am learning from what ive been trough.
You are right mate, all of this is just how we take profit from our trade, but every people has style how to get it, like i said above, when you read market or coin direct accurately like you were reading a book and summarised, its be your style to trade and make profit.
I mean, everyone need to make customization from what they heard and see from tutorial and others.
Trading is not only about profit and loss, IMHO, it is like when we are read the book, you must finish it to understand what trully meaning of it, and make summary as same as your condition, as example, when we take mentoring class, doesnt mean the theory will be match with market condition and our own style, we need convert it before do what we get from mentoring class that we takes and start applying to the buy and sell activity.
Many of us fail with this situation, i am include, but i try more and more and at this time, i am learning from what ive been trough.
Many of us fail with this situation, i am include, but i try more and more and at this time, i am learning from what ive been trough.
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.
It's ok. being carried away easily during the first phase of learning is part of the process.
They are newbies after all so what do you expect from them? Already enhanced and improved? What matters there is, they are learning and understand right away that trading isn't a kid's game.
Just let them do their own work. As long as they are serious and focus on doing trades, they will surely learn while in progress.
Consistency is key to any profitable result. Trading comes with lots of market behaviors and it only takes a consistent trading to master a handful of this numerous behaviors. A trader might take a trade from a good entry point but fear would make him close just too early due to retracement. Knowledge is lubricant that brings out the best of every trade but consistency improves on the knowledge
Experiecing the actual market in a continous ways makes you assess and anticipate much closely,
the market have different behaviors as you said and there's no questions with that especially with
high volatility, it's difficult but with your ability to adopt in the long process you may succeed.
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.
Human beings cannot really compete against this type of tool, since normally these bots tend to act in a few seconds and guarantee a net profit. I have always looked for information about high frequency trading, but I see that there is very little information about it, I imagine that many whales do have these types of tools.
In the Stock Market, there has already been high frequency trading for many years, but it has remained very quiet, however, you cannot cover the sun with a finger, if it has already been in the Stock Market for years in the BTC market too.
Consistency is key to any profitable result. Trading comes with lots of market behaviors and it only takes a consistent trading to master a handful of this numerous market behaviors. A trader might take a trade from a good entry point but fear would make him close just too early due to retracement. Knowledge is lubricant that brings out the best of every trade but consistency improves on the knowledge
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.
We are not yet at the stage of evolution when machines can replace people. Accordingly, the trading bot will not be able to evaluate projects and invest in promising coins instead of you, but it can perform a certain amount of your work. In any case, if you are engaged in day trading, you should be ready to make timely decisions around the clock.
highly profitable ?
i think that depend to the person doing trade if he is skillfull he can do the right thing like chosing the right coin for trading , not letting his emotion overcome him and others but some can perform better in investing and other busines and not in trading .
tho your right that if we are in trading , we need to foccus in it but it was not bad to have a day off to do things that makes us entertained . we need them to unwind and perform much better when we comeback in our business
i think that depend to the person doing trade if he is skillfull he can do the right thing like chosing the right coin for trading , not letting his emotion overcome him and others but some can perform better in investing and other busines and not in trading .
tho your right that if we are in trading , we need to foccus in it but it was not bad to have a day off to do things that makes us entertained . we need them to unwind and perform much better when we comeback in our business
This is exactly why I am not trading. I am a very busy person, I work nearly 12 hours a day (I have to say I take breaks longer than a normal worker, probably can finish it in 8 if I worked with less breaks but I want to make a quality work so I give breaks in the middle) and sleep 8 hours a day, that means I already have only 4 hours a day for myself, which is usually at night, from around 11 pm to 3 am I am all to myself and have nothing to do.
To become a trader, I would have to spend that period to get better and keep checking stuff and constantly trading, which I will not be doing at all, I rather spend that time to relax and enjoy life because I am going to live only once so I rather not throw all of that away at trading, that 4 hours is the only part of my life that I can consider myself actually living, which is very precious to me.
To become a trader, I would have to spend that period to get better and keep checking stuff and constantly trading, which I will not be doing at all, I rather spend that time to relax and enjoy life because I am going to live only once so I rather not throw all of that away at trading, that 4 hours is the only part of my life that I can consider myself actually living, which is very precious to me.
That's why this isn't for everyone since not everyone have a good time allowance to do because some have other side hustles besides trading but I don't think that it has to be consistent all throughout because once you get a grip and feel of what to do in trading, you will be able to know what to do and you don't have to be on it all the time.
Trading isn't solely for everyone because it's only for those people who are willing to take risks and are patient with the market. You don't think that it hasn't to be consistent? if that's what you think then you shouldn't be trading because trading needs consistency in every trade that you do. Because if you don't have that, you're just wasting your time and you don't have a keen plan as you trade because it's very important to have a clear plan as you trade. 
All in all if those people quit before suffering massive losses it is not so bad, we must remember that not everyone can be good at everything so there is going to be stuff for which you have some natural talent, obviously you still need to work hard in order to develop those talents, but there are other activities in which you have no natural ability and that goes against your natural tendencies and trading is exactly like that for the majority of people, so I do not see that this is as bad as it may seem at first.
This is true plus not everyone in the crypto world is a trader as well, we have to remember that. I personally am a person who works for crypto, I do normal content work and earn crypto, meanwhile I also invest into crypto, very long term investment that requires absolutely nothing from me, just buy and hold for as long as possible, and lastly I do small time trading, remove trading and not a big part of my life changes and I am still in crypto world nearly 12 hours a day.This is why I think it is obvious that traders who are "not serious about trading" are not people who get out of crypto completely, I know plenty of people in the crypto world who are not interested in trading it, so we could say that crypto can accept all kinds of people from all over the world doing whatever they want to do with it. This is why I am quite happy with the way things are for me, and I understand those who stop trading after a quick while as well.
Therefore short-term trading is only for people who really make trading their main job, because I admit it requires more time and attention.
So for me, who really makes trading as a side job, very difficult to divide the time if I have to do short-term trading. In the end I did choose
long-term trading, which I only check the market in my spare time, but have to be careful choosing coins for long-term trading. Because not
all coins are good for long-term trading, this requires good research and analysis in order to be able to choose which coins are suitable for
long-term trading. I usually choose coins that are among the top 10 rankings on coinmarketcap for long-term trading.
You are absolutely right, and when we are only able to beholders then that is a choice that must be made. Don't force day trading without having adequate knowledge in the field of TA, because that's the same as singing about what has been issued as capital. Does not guarantee anything if you do not have mature knowledge. Then don't occasionally trade daily just follow influencers every day without having a firm grip. Remember the portion of Influencer with small daily traders, is not the same.
That's why this isn't for everyone since not everyone have a good time allowance to do because some have other side hustles besides trading but I don't think that it has to be consistent all throughout because once you get a grip and feel of what to do in trading, you will be able to know what to do and you don't have to be on it all the time.
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 like your example of comparing becoming a trader with a school life, exactly that's how we can become a trader no matter how much knowledge we have about trading because experience makes us more perfect and the real life lessons will teach you things a lot better.Full concentration doesn't mean 24/7, you can work in the time you want but this is a Market that never sleeps so make sure you are prepared to minimize the losses which can save your past and future profits.
Actually, according to what I have learned, that in trading the main thing in learning to master all situations and reading the direction of movement is to instill a love for crypto first. because after all learning on the basis of compulsion just to increase the amount of money from $10 to $50, will be very difficult. But if you cultivate a sense of love and curiosity, then whatever time it takes will not be too serious a problem.
And most of the beginners who come, have a low level of patience, they want to catch up.
And most of the beginners who come, have a low level of patience, they want to catch up.
Jump to: