what do i need to be a successful trader ? - page 11.

$crypto$

legendary

Activity: 2352

Merit: 1041

Smart is not enough, there must be skills

Quote from: ultrloa on February 12, 2021, 06:36:20 AM

Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

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All of this will be wasted if you don't have emotional control so best to have discipline first before stepping up on your trades, you have good things to learn there on your post but remember this always stick to your plan and don't do short cuts since if you disobey what you plan to do on your trades there's a huge possibilities that you will lose. Also always grab the latest news on the market condition since it will give us a hint on what will possibly happen.

If the OP has some skills like those mentioned in the list then I think it is a good thing that from an early age they have implemented such a system and I am sure that rarely other people use this method will keep it back to the OP who actually how to do it with the right conclusion.

It is true that control is very important especially with the plans that have been made, therefore discipline is the main thing, sometimes people like to be careless with profits in sight, they will still want more because market conditions are difficult to guess, now that makes us lose sometimes this will be profitable but with the target that has been planned it is the best.

so98nn

hero member

Activity: 2072

Merit: 603

You got pretty great lessons up there. However, just getting lessons is not enough; you need experience too. Getting an experience is solely based on one thing, you need to jump into trading yourself. Check whether you are really getting feel of your lessons. Whether your predictions come out true to the point as you learnt before. This will testify your skills and will let you know whether you are on the right page or not (!)

I don’t think anyone get this much lessons before netting into the crypto trading. It’s good that you have started yourself with big bulls.

ethereumhunter

hero member

Activity: 2856

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Leading Crypto Sports Betting & Casino Platform

If you already learn many things related to trading, you need to practice because if you do not practice, that will be no use for you. By practising the lesson, you will get experience in trading, which can be your sign to understand the lesson or need to learn more. The more we can learn and practice, the more you can improve your skills which you can use for your trading. Besides learning more about trading, you need to learn about controlling yourself because you will face the conditions that the market will be unpredicted.

ultrloa

legendary

Activity: 2702

Merit: 1220

Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

All of this will be wasted if you don't have emotional control so best to have discipline first before stepping up on your trades, you have good things to learn there on your post but remember this always stick to your plan and don't do short cuts since if you disobey what you plan to do on your trades there's a huge possibilities that you will lose. Also always grab the latest news on the market condition since it will give us a hint on what will possibly happen.

darthflux

jr. member

Activity: 77

Merit: 5

Better not be greedy when trading mate, that is one of the aspects you need to have when trading. You could also use some Trading algorithms like Mudrex. This could make your daily trading easier.

Bightening

member

Activity: 66

Merit: 18

I literally do byte.

While it is good to know you have compiled some good skills for trading. I would like to say that success in trading especially short term trading comes with not just luck when you want to be consistent with getting gains.
I would advise you gain experience in looking not just at the charts, but at the external effects that have influence on the market of each coin.
Bitcoin is totally out of the game here for me. That because it has a lot of these external effects which could easily influence its price.

Generally, be close to information. Verifiable early information. And have guts.

AicecreaME

sr. member

Activity: 2324

Merit: 454

The only thing to add I guess is to apply what you've learned, to see if it's effective or not, if not, then study more about Trading, but if it's effective, try to polish your skills even more. The main thing I could say to you to be a successful trader is don't feed your greed, like after a successful trade you'll make another trade even though you've hit your profit for that day, which could lead to a certain losses.

Don't stop reading books and watching YouTube tutorials. Don't ever be contented on a limited knowledge about Trading. Also, don't stop after a fee losses, that's normal in Trading.

hugeblack

legendary

Activity: 2492

Merit: 3612

Buy/Sell crypto at BestChange

Do not be strict in learning a lot of chart analysis, trading is not a test of your ability to master the reading of charts, but rather the correct prediction of supply and demand, and thus the expectation of higher and lower prices.
Technical analyzes may increase your knowledge, but there are many factors to take into consideration.
Many altcoins have small market capacities and it is easy to change the price with a small amount of money.
Bitcoin is in a bubble state and prices are difficult to predict.

Reid

hero member

Activity: 2870

Merit: 642

For me your good to go. You might be actually better than some traders after learning all of that. That includes me. Grin

Patience, Understanding, and Experience are all you need.
Once you are in that wild trading exchange you will be different.
You might even go beyond forgetting what you learned and set up a new one.
Good luck.

rhomelmabini

hero member

Activity: 2002

Merit: 578

Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

I think of all the things you need to learn the best one is planning and the execution of your trade plus the need to have a good risk management. There are no perfect analysis as well as indicators but if you have a plan on your trading that's the way to success and remember as well that you have to have consistency like how much is your risk to reward ratio most successful traders have this kind of strategy and I am adapting onto it as well.

Rruchi man

legendary

Activity: 1246

Merit: 1071

Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

Yes, add "Patience" and "Timing" to it. To be successful in trading, you must know how to exercise patience and proper timing to execute trades. Successful traders do not just enter and exit trades at any time they feel like. They have mastered patience and timing as two important keys, likewise you need to learn patience and timing to be a successful trader.

GeorgeJohn

hero member

Activity: 1400

Merit: 655

Bitcoin is achievement

You don't have to do anything except seriousness, and devote time monitoring the method of other successful traders, because spending time to learn will make you to develop to the extent those we feel are successful will be a learner and they will be willing to adopt your kind of trading style, i think interaction with traders will also add more development via trading.

cissrawk

sr. member

Activity: 1218

Merit: 410

Secure your crypto : https://notyourkeys.org

You also maybe want to try to take a look at other trader ideas, For example, if you go to tradingview and go to tab ideas. You will see a lot of people sharing their own ideas for trading. Example for crypto ideas that shared by some trader.
In there, some trader are sharing their chart, opinion why the coin will go high/low, etc. You will gain some knowledge or experience on there.

Note : Use it to gain knowledge only and don't follow their chart for trade without doing some research.

GreatArkansas

legendary

Activity: 2282

Merit: 1344

Buy/Sell crypto at BestChange

Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

(.....)
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile
(....)

This list of lessons is already good. The only thing you should do is to master them.
Jossiel is also right, experience, you need experience that using those trading strategies/tools you mentioned.
Just master them first.
And addition, I think you forgot the most important in trading, risk management. Where risk management will help you to minimize your losses while maximizing the profits, it will help you to become a successful trader, trust me.
You can start with a small trading account size, with a small position size, you just need to practice first, it is okay.

jossiel

hero member

Activity: 2842

Merit: 625

Experience.

With all of those having said, you need experience and you have the advantage already if you know those things. And to gain experience, all you need to do is to trade and apply all of those that you know.

You're already on your way to win some trades. You will encounter some losses and that's normal for a trader because you'll learn from those mistakes or losses.

Mahmoud70

jr. member

Activity: 33

Merit: 1

thank you for the advice
do you recommend anything else to add to my list?

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

Quote from: Mahmoud70 on February 11, 2021, 05:55:25 PM

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

You need to develop your skills and analysis, once you become expert of different strategies in trading you won't fail in different situations. Learning stage isn't easy, patience and control of emotions is very important. Of course your self confidence always matter, everytime you deal with pressures and struggles in the midst of trading difficulties.

Mahmoud70

jr. member

Activity: 33

Merit: 1

i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis

and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile

should I add anything to this?

Topic: what do i need to be a successful trader ? - page 11. (Read 1674 times)