Trading Teaches Me New Patience And Experience! - page 10.

emberbekas

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Quote from: Iykecollinz on July 10, 2019, 07:39:57 AM

A lot of life lessons from crypto trading, personally I have learnt not to stay too long in a trade, plan entry and exit and stick to the plan, don't wait too long as the market can behave funny at the slightest opportunity

Yes, through trading we can get some lessons which we can apply on other activity in our lives. Inevitably, patience and the ability to analyze data will be things that we have to get used to in ourselves if we want to survive in most cases including in crypto trading.

cryptofirm

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Quote from: ElmedoRator on July 10, 2019, 08:30:31 AM

I really can't control my emotions with trading orders, it drives me crazy. I think patience is not enough, sometimes this will make you a holder. A bit of luck and clarity will be good

patience and experience is good if we want to make an enough profit in our trading
but, a lot of people didn't have enough patience in their trading activity,,
wich mean easy to say, but hard to do

ginobitcoiner

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BBOD Trading Platform

Patience is a very meaningful lesson from a trade, because patience is the one that spears, often we follow the desires of lust so we fall into the trap of being trapped in trade. and ends with a loss.

ElmedoRator

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I really can't control my emotions with trading orders, it drives me crazy. I think patience is not enough, sometimes this will make you a holder. A bit of luck and clarity will be good

dataispower

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My advise to you while trading will be firstly, to avoid greed and secondly to always use stop loss function. Know what works best for you, be good with your TA and also use FA. do not just buy because everyone else is buying, buy because you are convinced about taking the calculated risk after due diligence, especially for mid to long term hold. As a day trader, I take profit from 10% ,I never apply greed. I also convert to USDT when necessary.

Red-Apple

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Quote from: BRODIN on July 10, 2019, 03:02:17 AM

as we know Crypto Market is very volatile and very unexpected, more because of its anonymity.

volatility has nothing to do with anonymity.
the only reason for volatility of the market is its small size. which makes it easy to manipulate and also any kind of surge would shoot the price in a certain direction.

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and you can't do fundamental analysis like you do for forex,

yeah but you can do fundamental analysis, it is just different.

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However, trading can be very useful if you trade one day and focus on long-term investments too.

a very bad idea in my opinion because i believe that you have to stick to one thing only and try to gain experience in that thing. if you are trading then stick to that and if you are investing then do that only and nothing else. you can't do things half assed.

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Balance and make a good plan before making a decision, it's about how patience will play a big role in this market,

patience has no place in trading market. if you start using patience that is the day you fail in trading. you need to act fast and have clear plans and stick to them no matter what.

Cemploon

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As a successful trader of course through a very difficult process. We must be prepared with the conditions that occur in the market. Market conditions will not be stable and some coins will surely pump up. So you need the patience to get profit. Every opportunity should be the best to take advantage.

Iykecollinz

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A lot of life lessons from crypto trading, personally I have learnt not to stay too long in a trade, plan entry and exit and stick to the plan, don't wait too long as the market can behave funny at the slightest opportunity

faadhilah

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I do trade with different strategies every day. I am more focused on buying coins that already have large volumes such as Bitcoin, Ethereum and Litecoin. I did a short-term trade so that when the price dropped I would soon buy it. However, when the price is already pumping I will sell the coins.

Loedong

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Your review is true that trading also teaches me patience and how to get daily profits. I trade with BTC, LTC and also DOGE. This is one of the crypto that I trade daily, and I don't forget I learned from the initial failure.

Karlinz

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Equally it teaches not to be greedy as well as being timely. Value protection is an important part too, it is better not to jump in than jump in and get burnt which is as a result of wrong calculations and no targeted entry. I am happy for what I have learnt so far and and the progress I have made trading. The best learning is by practice and not theory alone. Trading is very tasking and one need to in the best form of health and mental alertness to perfect his actions

103deltafox

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Your topic is apt. For you to be a trader, all emotions must be killed this is because if you don't kill emotions while trading, it could affect you negatively health wise. You need patience, especially when the trading is going against you with patience you will win but when emotion set in, you could sell off and sell at a loss.

maydna

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I am sure every trader learn about patience, they got so many experiences during their time in the trading. They don't just learn about patience, but they also learn about analyzing, draw a line, or even watching the market moves. But that will not work if they don't try to trade because every time they trade, they can add more experience and their skills which will useful for them. The patience will help them to analyze the market and sometimes, they can get ways to determine the right price to buy and sell. Being patience itself will give them a time to get in the right situations to trade so they can make a profit.

muslol67

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Quote from: BRODIN on July 10, 2019, 03:02:17 AM

this is my experience...

as we know Crypto Market is very volatile and very unexpected, more because of its anonymity. Trading is also risk-related, so you succeed as a trader, you have to have an open mind about trading, and you can't do fundamental analysis like you do for forex, because the opportunities are so low that we know when there will be big purchases or sales. However, trading can be very useful if you trade one day and focus on long-term investments too.

when you think the market has reached its lowest point and you can do simple technical analysis and find support or resistance - this will not give you a perfect picture but you can still find the mindset of traders in the past with this tool and speculate.

Balance and make a good plan before making a decision, it's about how patience will play a big role in this market, always doing research on market movements with every coin you will drive, buying at the lowest point and selling when you see good opportunities, always calm when analyzing your assets. and one is not greedy. if you see an opportunity, just throw it away!

How about you? I want to learn from your experience too.

Patience? Yes you can make the greatest experience in this regard thanks to cryptocurrencies. Sometimes he can push all the limits of man.

Dpat

copper member

Activity: 798

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This is true that for the trading you need the heavy patience and for become an true investor you should have the experience of trading and if you have any academic curricular activity of experience you can learn many things of the investment and the trading.

Ghenjer

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Activity: 97

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https://token-sale.fredenergy.org Supporter

Basically, everyone who trades has their own trading strategy which they think is effective and can implement it correctly, but it all depends on the level of expertise, capital, and risk tolerance that we are ready to face later. if you like daily trading, you really have to be required to be active, just as you start trading today, you have to liquidate today too and usually those who like daily trading are reliable and experienced traders.
I don't really know about trading, I always lose when I want to throw away. but I learn from all this. It is important for you to stay consistent with that strategy and don't change other strategies often, bro. Unless the market conditions go down, it must be smart to choose the coins and markets that will be used to trade.

BRODIN

member

Activity: 655

Merit: 10

this is my experience...

as we know Crypto Market is very volatile and very unexpected, more because of its anonymity. Trading is also risk-related, so you succeed as a trader, you have to have an open mind about trading, and you can't do fundamental analysis like you do for forex, because the opportunities are so low that we know when there will be big purchases or sales. However, trading can be very useful if you trade one day and focus on long-term investments too.

when you think the market has reached its lowest point and you can do simple technical analysis and find support or resistance - this will not give you a perfect picture but you can still find the mindset of traders in the past with this tool and speculate.

Balance and make a good plan before making a decision, it's about how patience will play a big role in this market, always doing research on market movements with every coin you will drive, buying at the lowest point and selling when you see good opportunities, always calm when analyzing your assets. and one is not greedy. if you see an opportunity, just throw it away!

How about you? I want to learn from your experience too.

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