what do i need to be a successful trader ? - page 5.

jossiel

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Quote from: KennyR on June 11, 2021, 07:45:02 PM

Quote from: jossiel on June 11, 2021, 06:57:50 PM

Quote from: awik p on June 10, 2021, 09:55:14 PM

when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader

We have to gain experience for us to test things in trading.

If you're just relying on virtual or test trading without any application of your money, you're just like playing trading in the market but you don't apply it to your own.

You can formulate some strategies that you'll be familiar with and can be your counterpart as you trade because you're getting a positive result with it.

Gaining experience is a must to be a good trader. To experience, you need the willing to learn. This doesn't mean you need to learn for a long. You need to learn the basics of trading as well as the possible ways of predicting the price analysing the charts and market moves. This can be attained through experience.

Start with small capital, and the rest happens good based on the way you do things through market observation.

And with errors that you do with your first tries.

That's where it's going to start the learnings. You'll have to extract every single mistake that you do with that first try and you'll have to learn from it so that you'll apply that with your next trades and that will be part of your good trades.

Benefactor

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Learning stage isn't simple, persistence and control of feelings is vital. Obviously your self-assurance consistently matter, each time you manage pressing factors and battles amidst exchanging challenges. Also, to acquire insight, you should simply to exchange and apply those that you know.

XCANA

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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?

What you have mentioned above so far are all technical aspects of trading which I think is okay but you will need learn the fundamentals aspect of crypto currency trading as that has major influence in the trend of the market. Fundamentals could be positive and negative news about Bitcoin and crypto currency in general.

Peanutswar

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Learning the fundamentals is just part of the trading head start I think you already have because as stated on OP, I guess one thing you need to do right now adopts or apply all those learnings to your trading this time you will experience and all of the possible things you might encounter base on the experience of other people. This now will test yourself if you are willing to join still on trading or not.

Losing trade is part of the game if you don't want to lose don't trade. Still, the outcome is one of the most needed you win or not, you gain or you lose.

Distinctin

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Quote from: KennyR on June 11, 2021, 07:45:02 PM

Gaining experience is a must to be a good trader. To experience, you need the willing to learn. This doesn't mean you need to learn for a long. You need to learn the basics of trading as well as the possible ways of predicting the price analysing the charts and market moves. This can be attained through experience.

Start with small capital, and the rest happens good based on the way you do things through market observation.

Honestly, learning the basic knowledge in trading is not good enough to succeed, Yes, it could a start-up but we need to enhance our knowledge and skill to the highest level otherwise, we're not able to reach our goal. Perhaps, becoming a successful trader is totally a quest, we need to overcome the challenges along the way, we need to experience losses and as well as gaining. We can't tell how long to reach our goal but it depends on us how we work on it.

judaspriest

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C O M B O

successful traders do not panic when trading, and are not greedy when trading either,
of course experience is also an important thing to be successful, usually it takes a long time for a trader to be consistent,
not just one or two times, but it takes many times to try, and make sure you can read the chart well and correctly

KennyR

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Quote from: jossiel on June 11, 2021, 06:57:50 PM

Quote from: awik p on June 10, 2021, 09:55:14 PM

when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader

We have to gain experience for us to test things in trading.

If you're just relying on virtual or test trading without any application of your money, you're just like playing trading in the market but you don't apply it to your own.

You can formulate some strategies that you'll be familiar with and can be your counterpart as you trade because you're getting a positive result with it.

Gaining experience is a must to be a good trader. To experience, you need the willing to learn. This doesn't mean you need to learn for a long. You need to learn the basics of trading as well as the possible ways of predicting the price analysing the charts and market moves. This can be attained through experience.

Start with small capital, and the rest happens good based on the way you do things through market observation.

jossiel

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Activity: 2842

Merit: 625

Quote from: awik p on June 10, 2021, 09:55:14 PM

when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader

We have to gain experience for us to test things in trading.

If you're just relying on virtual or test trading without any application of your money, you're just like playing trading in the market but you don't apply it to your own.

You can formulate some strategies that you'll be familiar with and can be your counterpart as you trade because you're getting a positive result with it.

Issa56

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From the little experience am having I don't really think trading is kind of easy the way people think but there are some guidelines if you follow you will definitely be a successful trader which includes:
1. Patience if you are a trader you need to be patience you don't just invest in a coin and after few deys you expect like 50-10% interest.
2. Time you have to dedicate your time for it for maximum profit.
3. You don't have to be greedy as a trader I believe something 5-15% profit is O. K.
I believe there are still lot's of things which you have to learn about as a trader.

sempak

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Even if you have all indicators in the world if you don't know and understand what are these for you won't be come a successful trader also in order for some people to learn a mistake is part of it, if you will do a trading a lot you will learn from your mistakes and improve your strategy from time to time.

awik p

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Pepemo.vip

when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader

GelatikKembar

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Quote from: chikading2016 on June 10, 2021, 02:28:20 PM

I think you need to do trading in a serious way to become succesful trader.Serious means you need to fucos on it. First you need to do basic trading with a small capital simply because if you are in a learning stage you will easily make a mistake and loss so used small amount of capital to be more safe and make you will gain learnings every trade you've done.

small capital is not something to be safe in trading mate, for me if you want to be a successful trader it is only one,
learn from mistakes, if the mistakes you make you always learn then I believe you can survive the next disaster,
the disaster in the crypto world is the bloodbath,

sulendra12

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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?

It's okay if you are learning all of that, but have you actually tried those indicators into real trading?

That's the best way to test it, you can't be a successful trade if you just understand the theory but can't do it in real case. The situation on each market is different so just by reading the articles about indicators are not going help to you that much because you have to analyze it by yourself for better approach.

ahoenk

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Activity: 1232

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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 should add money management and risk management to your list. Trading is not as easy as you see. You need money management preparation. Especialy if you want to do trading for living which can gives you big impact if you can not manage the risk. Dont do laverage if you new to this.

chikading2016

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I think you need to do trading in a serious way to become succesful trader.Serious means you need to fucos on it. First you need to do basic trading with a small capital simply because if you are in a learning stage you will easily make a mistake and loss so used small amount of capital to be more safe and make you will gain learnings every trade you've done.

fearfulcalm

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also you must learn how to use limit-stop, when u lose, stop and give a break

fearfulcalm

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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 the most important is your mental physicology, most people i know that lose all money when they are desesperate when something goes a little wrong

sumant

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Any work in this world needs hard works to achieve that target. For being a successful trader you have to give some time in trading daily that will enhance your experienc. As many time you do trades your experience will increase faster in charts reading. For successful trading you have to see any news about project and take entry. See their social media profiles for any specific news. After giving up some time as your learning capacity you definitely going to be a successful trader.

globalpain

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Quote from: ?? on ??

practice real trading a lot. that way we will have a lot of experience in dealing with various market situations. many people are good at trading theory, but they are poor in experience, so it seems more suitable as marketing. Trading is a real practice, where we are required to survive and develop our assets in it aset

By having high flying hours in trading indirectly it gives us the opportunity to be successful,
it is not easy for sure in trading because sooner or later we will also experience failure,
and for me it is a natural thing and it is also part of the learning process so that in the future we will not make the same failure

boyptc

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Quote from: ?? on ??

practice real trading a lot. that way we will have a lot of experience in dealing with various market situations. many people are good at trading theory, but they are poor in experience, so it seems more suitable as marketing. Trading is a real practice, where we are required to survive and develop our assets in it aset

Practice it with small amounts.

So that whenever you're just still in experimentation mode, you're going to have that very fine experience and you're going to learn a lot from it.

I've done that before but I have to stop because I cannot monitor my trades from time to time despite there's a stop loss or sell orders that can be done automatically, still I don't have my time to look at the charts which is what I like better.

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