Topic: What is the growth path or learning path for traders? - page 3. (Read 633 times)

The best way to make profit in this buull season was to invest and hold untill it gave profit because its bull run and almost every coin if is making lose don't sell unless you are tadinging in futures and you fear the liduidation price. But here it's in spot so no point in selling in lose.

I learned about narratives, hype of the tokens, invetement should be diversifies less diversification means more profit but more diversification means less risk and less profit as well. Traders must have to see a coins for some time and in a specific timefarme, which plays an umportant role to win the trades.

Learning about trading strategies are something practical, not the theories that people learn in schools. There is nothing mastery about trading strategies because as you learn them you use them to trade and not what you can forget. A trader will learn the strategies and choose the ones that is best for him or also create his own strategies from the existing strategies.

With the right mind and much time - everything is possible.
OP, stay strong and crave knowledge first and foremost. Always.

Sounds nice.
Hope to see more from you and others understanding BTC's nature and how it can be used in such a way.
Keep these diamond hands intact.

Making stable profits can be quite challenging to a trader, this is because of how unpredictable the market can be. It is good to be positive about your trades, but as a newbie trader who is still in the learning stage and not too skilled, you should prepare yourself for even the worst days. Skilled and experienced traders encounter losses too, so you should read alot about risks management too because you will need it greatly.

Keep learning and practicing with amounts you can afford to lose until you arrive at a strategy that works best for you. Patience and consistency is the key. Do not lose focus because you desire stable profits so badly.

You've not shown seriousness with your learning yet and I urge you to learn whatever comes your way. The distinction there is that you will be able to filter them rightly when you go practical with them, that's how the best traders start, it will never be a rosy journey. However, I advise that you focus on the Price action and Trendline as your strategies, and also do the right justification to learning and training about the proper management and balance trading psychology.

Well , if you want to believe it or not !

So far, I have trade bitcoin since 2014 and the result always positive ( as we can see, the positive value on the graph )
If you're working, spend about 10% of your salary every month and Keep hold until next 10 or 20 years

You can see PROFIT

With all the currentor available strategies that we do have then it will really be that up to you on how you would really be trying out to discover on which one really works for you. This isnt really just that talking for single kind of strategy but rather it will really be that be a combination of different strategies on which youw ill really be mixing it up on where you could be able to make out your own strategy on which you can make use.
Trading is all about trial and error on which it will really be just that basing up into the actions that you would really be gonna taking. Follow up into the path on which you do seem that you do see up some progress towards into your trading learning curve. Its not bad to look up with others way of learning but also you should really be that trying out to stick with your own and find out for yourself on what are the indicators or analysis on which you can easily handle it out. The thing on here is that you do really know on what you are doing and having the idea on what you've been dealing with so that on the moment that unexpected results or outcomes do happen, then you do already know on what you should gonna do. It will really be tough thing on which just like on what i have said that this would really be that talking about trials and errors when it comes into this aspect because we do know that when it comes to trading then this is something that having tons of variations on which you should make use on which this will really be basing up on different market conditions on which it is really just that right that you do really have this kind of approach. Stick into the things that you are learning and able to absorb those knowledge that you will be able to accumulate along the way.

After learning about the different strategies, it will be an error to try to gain mastery of all.

The most successful traders are not often the traders that know and use all the trading strategies, but can be traders that know all the strategies but have mastery of one or a few that they really use in trading.

@OP, stay consistent with learning and give yourself the time to absorb the knowledge; you will do well.

For being a profitable trader in this crypto space, you must need lots of focus and to be workaholic still you should not expect results within a month but you should extend your learning process for at least 2 years so that you could finally achieve some consistency in profit making from crypto trading.  If you are not ready to invest your 2 years in learning process of crypto trading then you should stop dreaming about becoming a profitable trader in crypto markets. Most people like you are simply assuming that crypto trading is some mathematical formula so that they could follow all the steps then they will make big money but this is not at all that simple thing to follow to be consistent.

Yeah, it is a very long process which includes lots of dedication. This is the reason why most people are failing here and only less than 1% of traders are able to achieve consistent profit making career with crypto markets. Learning here is just very basic thing which means you should practice what you learned in real market; so that you will understand how market works and what you could achieve.

That's why it should be done with a plan in mind.
Because otherwise - things will go south pretty fast.
And you should be ready for the most amount of things that can happen with you during the Bull cycle especially.

Shitcoins are the graveyard of depos and dreams.
If you trade - do it responsibly.
Then profits will be made - small, big, but they will be there eventually.

Losses are unavoidable.
But you can manage them accordingly so that they would be as big as they would be in the end.
So to stay afloat - think about what's up for your depo in the future if you open such a position.

Do not put all your eggs in one basket is an advice to investors and not traders. I do not see it applicable to bitcoin. Some people prefer to risk less and such people may prefer to just hold bitcoin. Also this is about trading and not holding. As a trader, if you like to open a positions with many pairs or you prefer to trade multiple coins at one time, it has disadvantages like using high leverage already but thinking it is not high. But if you like to trade coins at different time, that is good but we should be careful of shit coins.

It is normal to have losses at the beginning, all beginner traders have losses at the beginning because they do not have enough experience.

There are many tips that must be followed at the beginning to avoid losses, the most important thing is not to risk more than a small capital at the beginning to the extent that you can afford to lose, also do not put all your eggs in one basket, this means that you have to diversify and divide the capital into several parts, buying a different coin for each part.

At the beginning, you have to follow the analysis and news to know the market trends and the appropriate times for buying and selling.

Most traders don't have profit after trading for a long time, so your demand is very ambitious by wanting to have stable profit. It's achievable with minority of traders and if I was you, I would start with an assumption that I am not such a stable-profit trader.

Trading cryptocurrency is risky, I don't recommend it.
I would like to warn your about danger of leverages and futures tradings too.

You can learn about trading, but don't believe that you can succeed and have stable profit in this volatile market. This cautious thinking can help you to be more careful and protect your capital better.

Learn cryptocurrency trading.

To defend your capital, you will need some weapons in trading like stop loss, stop limit orders.
Stop loss order.
Stop limit order.

Reading alone will not guarantee trading success. Practical knowledge, skills and learning experiences matter the most. If you don’t know how to deal the market with lots of patience and resilience, you will never make it big in trading. While trading can be a good source of irresistible profits, but it can also be susceptible to ruining your finances most especially if you are still new to trading.

Nothing beats trying it out yourself. Maybe play around for a few times, then go back to the books to see any information that matched what happened to you and what are some theoretical moves you could've done to prevent any losses (if any) that happened or increase any profits that you could've gained.

And be prepared to lose money. Depending on how you go about it, can be a lot, can be a few. Just be prepared since you are 100% going to lose money regardless though.

Start with reading your books first, or any reliable resources coming from legit sources. Then watch trading tutorial videos from YouTube to further increase your knowledge. Know that there are series of approach needed before starting real trading. Do your own research first.

Crypto trading is never easy but hard and tough. So you need to trade with caution, to avoid too much losses. With proper knowledge and experience, one will master trading and become a professional one. But since the crypto market is volatile in nature, a trader should conduct proper market analysis first before rushing into trading.

Achieving stable profits in trading is a long-term process. The more you understand the market strategy, the better your trading skills will be. It is not new to make losses in the real market, these losses should be considered as a learning process.

Trading is a high-risk activity, the most important thing for a new trader is to be aware of their risk-taking mentality. Starting trading with a losing mindset, being aware of risks and taking advice from experienced traders can make your path to becoming a trader easier.
When you gain real experience, you will be able to make more strategic and prudent decisions.

To succeed in the market, you can become a strong trader with full confidence, morale and training.