Topic: trading needs consistent attention and full concentration - page 4. (Read 1015 times)
It is indeed right. In any kinds of work whether it is trading or not, consistency and putting full attention is a must have. Talking about trading, it is really needed for a trader to be consistent despite of the fact that we are working on a highly volatile market, consistency of a trader in a sense that he must remain consistent of learning and trying out new strategies that is appropriate of different situation for the fact that there is no standard way on dealing with the volatile market so continuous learning is a must have. Full concentration is also a need because if you are not totally aware, you might miss out important details and opportunities that will be offered by different market situations.
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 the trading learning process and lifestyle.
We should be mentally and emotionally prepared when we enter the world of crypto trading because, to be honest, it needs focus and emotional control since the market is volatile. It could make our emotions go like a roller coaster ride so we should know how to deal with the market. Setting a certain goal would be a big help so we'll know when to stop and when to continue.
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 the trading learning process and lifestyle.
We should be mentally and emotionally prepared when we enter the world of crypto trading because, to be honest, it needs focus and emotional control since the market is volatile. It could make our emotions go like a roller coaster ride so we should know how to deal with the market. Setting a certain goal would be a big help so we'll know when to stop and when to continue.
Those traders who quits immediately or give up immediately are not really that serious in trading, they might be here just to try it out or experience the trading but those people who are really interested in trading will continue its journey even after many failure or losses. Yes it needs consistent attention and concertation since you are going to use strategy on how you will enter and exit the market.
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. 
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.
That sentence just hit me hard. It actually makes sense. With time and practice comes experience.
We have to practice trading regularly and not lose hope when we lose money. As you said consistency is the key.
Even I have started to learn to trade and practice it regularly. Yes, I do lose money but sometimes I do make profits.
I hope at some point the amount of losing money will decrease and the profits will increase.
Confidence is built automatically with time but what many do is they become over confident about themselves which leads them to losses.
Losses are a part of trading. We can't keep making profits every time. But having proper money management and risk management could help us in decreasing the losses.
We need strong will and determination to be able to work continuously towards achieving our goal.
Mastering trading and that too in the crypto community is not a piece of cake. Many have failed miserably and I am sure that only the professionals survive in the long run.
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.
Well, beyond distraction and all that (they must surely come), the major thing needed to succeed in trading is "skill set". Why a lot of momentary winning traders fail is because they become over confident in their winnings and then neglect their trading plans. Trading is a profession and should be treated with utmost discipline and respect, with constant training and retraining the way doctors and engineers do. Twerking and realignment are vital aspects of winning when it comes to trading. Without which it will be almost like making a gambling on trades. 
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.
That sentence just hit me hard. It actually makes sense. With time and practice comes experience.
We have to practice trading regularly and not lose hope when we lose money. As you said consistency is the key.
Even I have started to learn to trade and practice it regularly. Yes, I do lose money but sometimes I do make profits.
I hope at some point the amount of losing money will decrease and the profits will increase.
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.
Well, beyond distraction and all that (they must surely come), the major thing needed to succeed in trading is "skill set". Why a lot of momentary winning traders fail is because they become over confident in their winnings and then neglect their trading plans. Trading is a profession and should be treated with utmost discipline and respect, with constant training and retraining the way doctors and engineers do. Twerking and realignment are vital aspects of winning when it comes to trading. Without which it will be almost like making a gambling on trades. 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.
That sentence just hit me hard. It actually makes sense. With time and practice comes experience.
We have to practice trading regularly and not lose hope when we lose money. As you said consistency is the key.
Even I have started to learn to trade and practice it regularly. Yes, I do lose money but sometimes I do make profits.
I hope at some point the amount of losing money will decrease and the profits will increase.
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.
If you just rely on the bot to work on your behalf, you are actually making yourself out of trading. Being hands-on in this field makes our minds work together and could create good ideas/strategies. Time and focus are needed and a must thing to do, but it doesn't mean that we have to spend all day in trading as it was just like you are killing yourselves and it was not a healthy practice. I dare not to do this as it was not only the reason why we become successful in 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.
I need more knowledge about trading, many of people here said that if we choose for trading we dont have to spend all day with monitor the candlestickcls but we can use the bot for helping our job. Can you help me to find sources referency to learn about trading more? Is the bot really help us and we can trade easier than before. Because first time I entered the crypto market, I have spent much times just for waiting the right time to sell and buy everyday.
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.
If you just rely on the bot to work on your behalf, you are actually making yourself out of trading. Being hands-on in this field makes our minds work together and could create good ideas/strategies. Time and focus are needed and a must thing to do, but it doesn't mean that we have to spend all day in trading as it was just like you are killing yourselves and it was not a healthy practice. I dare not to do this as it was not only the reason why we become successful in 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.
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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 has different stages and until you reach the final stages which then your experience becomes a major factor behind your success, you haven't mastered the act of trading. Anyone can get lucky with their first trades so don't think because you got them right that you have mastered the act of trading. This kind of thought is want drives newbie into taking decision that are far beyond them like increase their risk side just because they had few trades correct.
It can be very frustrating at first when you want to become a trader, after few successful trades it'll feel like trading isn't for you as all you do will seems to not be working. Others would be profiting but when you try yours, you'll come out not successful. You don't have to quit, just need revisit your drawing board, probably taking some few weeks off the market might help.
Go back to learning, instead of quiting. If you do pass that very first frustrating stages then everything will begin to fall into place. Trading needs practice and consistency, discipline as well. All these helps to keep you focused.
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.
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.
When it comes to short-term trading, it is necessary to do so, but in my view of trading I prefer to do it in the medium and long term, I have found that peace of mind in trading is the best thing to have.This strategy works well for top 5 cryptos with a long-term of 1yr+ because their overall trend is likely to go up, but the picture becomes more complicated when considering other alts that are not the top coins.
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.
Trading is a combination of those two and also discipline, smart strategy, good management of emotions, risks, and funds, and also the right decision. Besides, with those terms, we can have good experiences. Experiences will tell us how also.
But yeah, we are seeing not only newbies but also maybe most of us cannot do those all very well, except we are professional traders.
And if we are a daytrade, of course, trading will also spend much of our time and energy. We always know how a daytrade makes us lack sleep at night.
Risk management in short because money handling,emotion,decision making is part of it and when you are aware and does know on how to make things in position then most likely you would really succeed into your trading career.Its not a guarantee but high chances you would able to reach out.But yeah, we are seeing not only newbies but also maybe most of us cannot do those all very well, except we are professional traders.
And if we are a daytrade, of course, trading will also spend much of our time and energy. We always know how a daytrade makes us lack sleep at night.
Everything does involved investment does really require consistent attention and concentration so that you would really be on track and you do know on what you are doing.
Jumping into this venture without having these considerations is just pure gambling.So you should really be mindful with these factors no matter what.
Trading is a combination of those two and also discipline, smart strategy, good management of emotions, risks, and funds, and also the right decision. Besides, with those terms, we can have good experiences. Experiences will tell us how also.
But yeah, we are seeing not only newbies but also maybe most of us cannot do those all very well, except we are professional traders.
And if we are a daytrade, of course, trading will also spend much of our time and energy. We always know how a daytrade makes us lack sleep at night.
But yeah, we are seeing not only newbies but also maybe most of us cannot do those all very well, except we are professional traders.
And if we are a daytrade, of course, trading will also spend much of our time and energy. We always know how a daytrade makes us lack sleep at night.
In trading, we are indeed required to explore deeper trading knowledge and don't be complacent with the results we get. so psychologically we have to feel we still have a lot of shortcomings so that this is a motivation for us to study harder and work harder
Yeah, getting too overjoyed with your achievements is not ideal but at the time though, we must appreciate our good trades and work on the bad ones. I mean self-appreciation is an underrated aspect of life because if you appreciate yourself when you do something good, you will feel like repeating it while if you just don't feel satisfied with good trades, you will struggle to find happiness.The title's right, that's why you should think twice before getting in trading because it will take up a lot of your time and you will be surprised if you underestimate the time needed to trade each day especially when the market is bearish and you have to watch out for opportunities.
Learning about the project when buying a new token and keeping an eye on the news when buying bitcoins is important. It's not just important to learn but also keep yourself updated with the latest occurrences too. 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.
When it comes to short-term trading, it is necessary to do so, but in my view of trading I prefer to do it in the medium and long term, I have found that peace of mind in trading is the best thing to have.
This strategy works well for top 5 cryptos with a long-term of 1yr+ because their overall trend is likely to go up, but the picture becomes more complicated when considering other alts that are not the top coins.
It is very easy when newbies says that trading is very easy and we can do that without much efforts and doing much work and search for it, but when they are really doing trading, it is much difficult and needs much attention and concentration. That's why it is profitable.
Those traders who quits immediately or give up immediately are not really that serious in trading, they might be here just to try it out or experience the trading but those people who are really interested in trading will continue its journey even after many failure or losses. Yes it needs consistent attention and concertation since you are going to use strategy on how you will enter and exit the market.
Not that theyre not serious but rather they hadnt just expected on how they would act if losses would happen.When its your first time then you would really be having that kind of impression.You would really be on state of shock but your determination would rather be broken or wouldnt really mind at all.If you are really eager to learn then you would definitely not mind
if you lost once because you would really be thinking on where did you go wrong and would be curious and would really be trying out and you do really gain up experience.
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