Topic: What is the growth path or learning path for traders? - page 2. (Read 633 times)

even a professional trader will not always be able to make a profit in trading. maybe you can start accumulating the trades you make weekly or monthly. if you are a day trader, then you will find how you can profit today but lose on another day.
the step that I think is quite important is how you will limit and determine the risk of loss that you can accept in each trade. like you try to minimize losses as much as possible.
so you may later be able to see whether you get consistent profits every period you specify or not.

This is what many traders engage in and the end up calling comparing trading to gambling. They did not do their homework and because they admire a successful crypto trader on the internet they think that they can't become that success who all in a month. When it does not work for them because they followed their guts instead of facts they call it gambling.

As an add on-
Reading
Join a crypto trading community.
Be patient.
Risk management strategy
Diversification

Keep learning new things, because trading in crypto requires you to continue not to stop at one reference. The point is that many things may make you more confused, but try to always start slowly, with minimal capital, and limit the number of coin buyers. You can adjust it with good management. Don't be surprised because trading with volatile assets is not always in stable profit.

Agreed but a trader shouldn't only depend on his analysis because it can be wrong sometimes. One key to success is staying informed and not thinking you can do everything yourself because sometimes it's the information that we received from other traders that can help us to get good outcomes. You can get a recommendation from a fellow trader and after doing some more research on that coin, you can see the potential which you buy and become victorious. A trader that develops into a winner always gete the need to be social and gather information that you'll use for yourself from others. Self improvements as a trader is necessary than always thinking about the profits because there'll be sometimes when you'll lose it because of mistakes and you'll need yourself to be strong to overcome that particular situation.

That's logical when most of them (if not all) miss the two fundamental things for successful trading. Calmness and patience. If you are the type of person who gets stressed when prices go up or down, if you can't wait for the price to go to the levels where you will make a profit and generally lose your sleep from this kind of pressure, no matter what book you read, you will not achieve anything.
Plus, many people think that the trader wins when prices go up or that if the price goes down, they always lose. In other words, they lack the basic knowledge of trading and instead of reading the basics first, they read and deal with very specialized books. That alone can lead to big and permanent losses for inexperienced/ newbie traders.

Hmmm, to be honest, there is no way to become a stable profit trader. Because it has a high volatile nature. When the nature of a thing is based on volatility, it is very difficult to find stability in it. So if someone imagines that stable profit is organized in trading, then it is not so. Trading is the riskiest way of profit. If you misunderstand something even a little bit, then of course you have 100% risk of loss.
 
You have to master things like good skill, right time entry, market dynamics, etc., to make the rest of trading risk less. And finally, let's say that the best thing in trading is to follow the trend. Someone has said that "Trend is your Friend". 
 
So by learning these things, you can stabilize your trading a little bit, but the market has no trust, you should be careful all the time.

Obviously, you, as well as other beginners, will have to lose your deposit more than once before trading becomes profitable. But in trading, there is no rule that after reading, for example, 3 books, you will become an excellent trader. Many people, even after reading 10 books, will never become a profitable trader.

The problem is they can not hold their emotion to buy fast when the price is down because they thinks that the price will reverse to the high price. But that doesn't always happen as we don't know where the price will moves and could only guess so we must be careful and not buy in a large amount. We can try to buy for some amount to test and see what will happen later.

We can not expect to have a stable income from trading because the market situation can change anytime. We can only analyze and find the time to trade so we can have a chance to make a profit. We must aware to control ourselves in trading because when we can profit, our greediness will be bigger and that will tell us to keep trading but we forget to check the market situation. But with analyze the market, our chance to make a profit will be there although to have a stable profit will not be easy.

An active trader will always try to improves his skill because he know that the market situation will always change. If he can not learn more to improves his skill, he will not have a chance to know when to enter the market and make a profit. Traders needs to analyzes before enter the market because that is the key to know the right coin to buy.

When you have a good skill, you will know the right time to enter the market and not just pick random coins. He know the market is unpredicted so that is why he will always learn more about the analysis.

I agree and too don't agree because of this two things. A trader that is always active in the market can't be a stable trader because he can't always win every trade that he's doing but for someone that isn't always trading, for each time that he enters the market, he can come out victorious. This are two trader but they have different time schedule for their trades. The second trader might be someone that has spent time analysing his charts before opening them and this make him to get a good rate of success.

But to be sincere the second trader can't keep up his success because at some point, he'll have to lose because there hasn't been a trader that hasn't lost a trade. The market can't always be in your favour, sometimes it'll have to go against you and it might just be because of something that happened that you didn't have knowledge of.

honestly if a trader can just wait until market dipped so hard only then they'd buy, they can make consistent profit, the problem is, such event doesn't happen too often so that's why people trying to predict and time the market which in result gives them unstable income.
the problem that mainly becomes the culprit of unstable trading profit is always the urge to trade more to get more money and impatient.

i've seen plenty of top tier trader portfolio using copy trade always trade when they see fit, not constrained to how much trade they need to make a day, but finding killer trades that can give so much profit in one go.
I guess that's the key to stable profit.

Learning path for every people will be different so they must know that they must search for the learning that suit for them. Traders need to find what lesson they need from many sources so they can improve their skill better than the other traders. If they have a good effort to learn, they will see that their skill improve and they can trade better. When we know what is goal in trading and learn many things, we will try to reach out that even if that is not fast like other people but we enjoy our time in trading.

Our trading style will be different than other people because we have a different source. We will know what we need to do in trading so we will analyze before we trade. We can be a good trader and not depend on other people to trade because we know that will not work as they want so they will just analyze using their skill.

If you think the knowledge you have is still not enough and keep losing on it is possible you didn't learn from your mistakes and keep doing the same thing without analyzing if this still right or you are doing something wrong upon executing today there's a lot of platforms supporting with the use of paper trading, which you are making a trade with the actual market but with the use of paper money in this you can test it out those trading strategy you've learn and then analyze what is your mistakes and if its suitable with your trading habit. All it takes a lot of patience and failures but once you find it out already gains are just basic so get.

Becoming stable with trading is never been that an easy skill that you can be able to acquire and it does really takes time for you to have a good grasps into it. Learning path is something that you will be doing is just that basing up into your own pacing on which each person will really be that different into this aspect. Be sure that you are really that having a target or goal on trying out to achieve something such as this. On the time that you can be able to sustainable with trading then this is a lifetime skill that could make your survive since you do know on how to make money with the market.

You are the ones who do make out such path and if you do really want to have that kind of getting up some idea on other traders then its not bad to check out their trading experience too and their analysis and methods but it wont be ideal that you will be copying them. You are the ones who do mixed out with those strategies until you do make out such adjustments and formulate the strategy on which you do see yourself that becoming profitable and stick with that.

It's great that you got so much from only 100$
Hopefully, it will be that way in the future too - small things will teach us to do something much, much bigger.
 

I remember few years ago in 2015-2016 when first started more or less serious trading that I have started with less than $100 because I needed to learn first.
If I must be honest almost all of these $100 was lost, but some of the lessons I learned I am still using till today, and not only in trading. Thanks

Starting simple is a great way to ensure you will get something in the end.
PNL is still a PNL, even if it's not that big.
The best thing if it's stable and the strat is applied appropriately, on the needed market.

It is difficult to have a stable profit trader because we know how the market moves. We can only keeps trying to trade and learn so we have more opportunities to get the right coins.

Loss in the real market is usual and normal but we don't have to give up because that is a lesson for us to improves our skills. If you can learn from many lessons, you will see that your opportunities to analyze will be better and that means we can analyze many coins.

You can watch many tutorial videos about trading so you can get something from that. That is another lesson that you will get so that you can improve your trading skill.

I'm trading just as also in life, the expectations that you have set for yourself have to be realistic. Do not overestimate your strengths and downplay your weaknesses. When you set trading goals on when to exit a trade to be profitable, you have to be realistic about it.

The next thing to having realistic expectations is to make sure you have a very simple trading strategy. A simple trading strategy will help you to know how to manage your risks better. If they are complicated, your risk management will not be effective.

Risk Management, Technical Analysis, and Learning from experience.

If you're a beginner in trading, I would always suggest going for small amount first because 90% of first-time traders or even higher are losing their capital in their first try. What's important is you learned from that and from there, that would help you in your future. Stable profit trader is a bit hard, and, in some cases, you might spend some money first.

Learning Technical Analysis for me is one of the important factors when it comes to trading. Most of the successful ones know how to read the charts and make decision based on what the chart is showing to them. Risk management is the top priority to learn if you're starting. Know how much you want to put in your trades.

Reading a book, and watching some videos on YouTube would help you, but learning from your experiences for me is the best teacher.

First step will always be learning the terms, if you can start with learning the terms, you will be able to read stuff better because without learning the terms, you are going to read or watch a lot of things that will use these terms that you do not know. After that, learn the indicators, indicators are very important, people use them a lot while trading, so always learn more about indicators, and try to learn what they mean when it goes up and down.

Then you learn to read the charts, using what you already learned, and you start to learn about pattern recognition, you check previously what happened, and you try to see what would happen now. When you do all of that, you are basically done, sure you need to master a bit more details, but these are the most important stuff.