Topic: What is the growth path or learning path for traders? - page 4. (Read 633 times)

It means you still lack of knowledge so you have to learn more.
Maybe you can trade with smaller funds to learn the market more deeply without thinking about profit so the main goal for now is to improve your skills and try some strategies so you can know which strategy is right for you.
But no matter how much knowledge and experience you have, there is still a chance for you to lose, but if you still profit overall then it should still be fine for you.

Even professional traders sometimes experience losses so the idea of becoming a stable profit trader doesn’t really matter to me. I know that consistent profits in trading are impossible but there are ways to minimize risk and loss. Everything starts with mastering the basics just continue expanding your knowledge and gaining experience in different situations or scenarios so you can better understand various strategies and analyze market movements. Focus on learning and improving rather than expecting instant profits, trading is a skill that develops over time.

One of the advantage if you are a person who do really love on reading up specially on other experiences and other related stuffs on which this could really be giving out that kind of idea on what you are really that trying out to get involved with. Trading is a skill that cant really be obtain in a short period of time and it will be that ideal that you should really be that making yourself at least be wary with those things so that you can apply into your own trading style. Just dont rush up yourself on acquiring such skill because you will really be ending up on being desperate and this is something that bad for your trading career or path to take. You are the ones who will really be able to discover for yourself on what kind of strategies that you would really be that making use of. There are tons of indicators and tools on which you can make use along the way on which this will really be that beneficial along the way but you are the ones who will really be testing it out.I have said above that make use of those experiences of other traders on which you do apply into yourself. It cant be perfect at first because we are just starting even though you do become professional, there's no such thing about being a perfect trader. Growth path isnt something that easy but its not impossible, thats why there are traders who do really make up some decision on quitting mid way because they cant be able to bare up with the risks and there are ones who do persevere on acquiring such skills.

First of all, you have to remove the thought of fixed income from trading. In terms of profit, you can compare trading to gambling. As a new trader, you should not trade with real money in the beginning. Since trading is high-risk, you will make a mistake if you think of stable income from trading. But yes, when you become an experienced trader, it can be somewhat stable for you.

To become a stable profit trader, you have to enter the trade with a losing mindset and gain knowledge about its risks.

I would advise you to learn trading from a skilled trader. You will be able to gain knowledge of trading indicators after reading various books, but due to lack of real experience, you may have to lose a lot. An experienced teacher or mentor will complement you with real experience as well as knowledge, so that you do not have to lose much. Then you can continue trading with small amounts of money. You can also consider this as a warning, use money to trade that you are capable of losing. Never trade with money that you will regret losing.

just learn SMC and risk management, I think if you want to be stable profit trader you need to trade within certain risk that you can tolerate and you can compensate within the next trade win, I just go with 1% of margin everytime I trade future and have been consistently making good profit though slow but for sure I can picture myself growing my capital to higher amount through compounding the profit as well.

most of the people that suffer -100%++ PnL that I know are mostly reckless people who don't apply the principal of risk management and getting blinded by greed. even I will go as far as saying that risk management is the most important thing to keep you from losing your money like basically limiting margin, taking low risk trades and so on.

but if i'm being frank and honest, there's no such thing as stable profit trader, profit and loss always vary.

There’s no instant for a trading success. It comes with a process and a consistent learning and studying of how trading works and how we can be successful in trading. It’s a combination actually of acquiring theoretical knowledge and practical experience.

And while you keep learning new in trading, through learning by doing, unlocking new strategies that are suitable for you as a trader, you become more professional, reliable and a profitable trader. But of course, all of that takes time so you have to be patient throughout the learning process.

Stories of other people are the experiences that should teach you what to do or not to do - they shouldn't be taken as the only and absolute truth.
The real experience comes when you create your own stories on the market.

Books, google, YouTube, magazines, internet or the like are not real teachers for you, they are stories of when people do it or theories, starting trading in the crypto market, If you want to become a professional and stable trader, you need an expert who guides you from the beginning until you can really do it yourself well. Don't copy when starting crypto trading. Try to learn when you start.

Trading in the crypto market is very high risk, it's not the same as trading vegetables in the real market, maybe you don't need an expert just waiting for customers to come, not with the crypto market you can't just try and play for fun, You need real knowledge to do it, especially in the fields of analysis, charts, volume, crypto assets you want to trade and many other things you need to learn, especially regarding margin, futures.

As a fresh beginner who just picked interest in trading, the harsh truth is that it will take you a long time before you can start making profit consistently in trading. Secondly, bear in mind that you will get liquidated, not a must but it's something that usually happens, it's not all trader that will tell you that when they started, they didn't blow up their account.

As a fresh beginner, you will pass through different phase (about five phase)

 first is the learning phase where you will have to learn and understand all the trading words, terms and abbreviations and how they work and how to apply them. Things like, leverage, Take profit, stop lose, position size/lot size, margin call, PnL, etc

Second Phase, you will learn about risk management, very important.

Third phase, you will learn about trading strategies, such as ICT, Supply and demand, Price action, Indicators and many other strategies out there.

Fourth phase, you are going to practice everything you have learn on the Demo trading account. There you can practice how to effectively manage your risk, you will master a trading strategy that works best for you. After you have successful master your trading skill on the demo account, you will move on to the fifth phase.

Fifth phase, you then fund your real account and start trading but you might see your self busting your account. After the lose, that's where you'll learn to train your emotions and learn from your mistake. If you don't give up due to your losses and you continue to write down your experience and work on improving it, that's where you can start making consistent profit.

Risk management will teach you how to minimize your lose and maximize your profit. So, to actually learn all those things and start making profit, it will take a lot of time but if you are patient and consistent, you will archive what you want.

Best advice from me to you, when you are on the fourth phase on the demo account, I am going to need you to blow the account to the extent that you will be left with only $10 - $50 as your demo balance, then trade with that amount as if it's your real money, if you can scale the $50 to $1k or $2k, then you are good to go. It worked for me, it might not necessarily work for you but you can try it. By so doing, it will also help you to master how to control your emotions and how to employ the use of Stop lose and take profit so that you will not be liquidated.

You just analyze whether the coin is credible, has good funders, and overall doesn't seem like a rug and genuinely does something that pleases its community.
Lots of factors to seek and try to read into.

Some aspects that you need to pay attention to when you want to become a trader are about the coins or products in the market, and you also need to pay attention to market conditions so that you can know about the supply and circulation of trading volumes on certain coins. So besides the price, you also need to find out the level of interest in a coin so that you don't get caught in the wrong coin depth, because usually losses often occur when a trader chooses the wrong coin in the market.

Steady income stream from trading by being a consistent/stable trader is just a theoretical illusion, you cannot achieve in your life time due to unpredictable nature of market. Yes, you cannot time the market; it means you cannot expect a steady income by trading. So, from my own experiences, I am suggesting you not to waste your energy on trading. Only 1% of traders with massive capital may find consistent profits as they aim only small targets but with large volume, they are able to earn decent.

If you go for averaging then you should forget about using stop-loss levels. Because these two are contradicting each other. I recommend not to go for averaging while trading because averaging is tightly associated with investing.

The most important one for me is to know your goals clearly and diversify the risks you have in front of you. Don't play with the market, as it's going to end your depo very fast.

Trading with your guts is a gamble.
Trading with knowledge, metrics, and indicators - is trading indeed.

Begin with reading about trading risk management

Know that trading is very risky. It is very similar to gambling in term of profits and losses. Just make sure you begin with a very small amount of money that is smaller than the amount that you can afford to lose.

Second step is that you should continue to trade with small amount of money until you notice profits than losses for like 3 or more months. If it happens like this, you can be increasing your trading funds.

Learn about indicators. You need to have more than the knowledge but to have experience in it. Knowledge will only make indicators to be 50% accurate. But with experience, you will know better.

Learn about different kinds of trading strategies. They are important. Martingale is the riskiest among them and best to avoid it. Averaging is good and worth knowing.

Hello everyone, I would like to ask you how to become a stable profit trader, what aspects should be learned from it, I have read some books, such as price behavior, but still at a loss in the real market