Topic: What is the most important lesson you have learned in trading. - page 3. (Read 1113 times)
I learned that in crypto trading, there are also no guarantee that your strategies will always work. I had to re-study my style of trading or revise my old strategies to make it work in the future trades. The plan you are created years ago might not work in the next few years not all market conditions are the same.
The most important thing I learned in digital currency trading is patience, patience is very much needed in trading so we are not wrong in making decisions when trading, then with this we know when to sell and when to buy and when prices rise then we do not sales will panic
Patience is really an important lesson in the process of working with trading because of the lack of patience, we will choose the wrong time to participate in the game and the obvious result is that we will regret it. But in parallel and attached to the lesson of patience, the most profound thing that people should recognize in trading is that they should use the brain to solve all problems, say no to emotions, emotions dominate action, dismiss emotions before joining if we want to succeed
Stick to your plan, that is the lesson I learned in trading and till now I am still kicking my self for not sticking to my plan when NEO reached the price of $80 and not selling it. I bought it when its price is below $20 then it surged to $80+ then dropped and did not recover anymore after China fake news. Expensive way to learn.
I hope it doesn't offend anyone, especially the altcoin creators... but the lesson I learned was that I should never trade shitcoins and never use shady exchanges like yobit. I have sold my stuff in the past and bought shitcoins to trade on yobit, something that made me lose 100% of my investment, my time and my very optimistic spirit. It was a life lesson for me and I sincerely hope that people don't buy shitcoins, people shouldn't be too greedy and blind to the point of buying shitcoins to trade
Here is one of the shitcoins I had bought in the past: https://coinmarketcap.com/currencies/jewel/#charts " Jewel (JWL) "
Rank: 1966
[ANN][PRE-ICO] Jewel - The real diamonds
Here is one of the shitcoins I had bought in the past: https://coinmarketcap.com/currencies/jewel/#charts " Jewel (JWL) "
Rank: 1966
[ANN][PRE-ICO] Jewel - The real diamonds
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
As l monitor my sister before,she trade in crypto and its a very good idea to have income.As long as you know the strategy to buy and sell you can have a big profit that can also be multiply if the rokens have a high value. Volatility of prices makes traders a big profit.
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
If you are coming from forex and stock market trading, you have to be able to observe market patterns with the naked eye. It is hard to detect a trading pattern on the bull market but it becomes a really mess trading during a range trading. There is no need to be on the right side of the market in the crypto market but it is unacceptable in the stable markets(Forex, Stocks, CFD). Clicking to sell and buy buttons doesn't make a person trader. I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
Don't trade with your emotions. If you will be lose by the emotions you are feeling then it could not be a profitable in your trades. Let us execute our trades using our set of plan and if it goes wrong, we should not blame ourselves. Because many people, even pro traders are losing money because of the market condition. 
I learned that trading isn't made for me. I don't have the patient to hold coins longer then a few weeks. I also experienced that when i bought coins, it went down and after i sold some they went up. So after admitting I wasn't a good trader I just stopped it. Maybe I will try it next year. Maybe I got some more patient.
Trading is for everyone, and anyone that is committed to it would definitely make it, and when it comes to commitment, it means you must have enough sacrifice lots of your time and energy to out into its study and try as much as possible to gather enough strategies, you also need to do enough practice before you think of going into trade.Anyway, you have made the right decision to first stay off trading for now, and that is what a wise man will do, but if you plan to still come back, I will advise you don’t just stay away without developing more in it, I believe that you lack the strategy which is why you are losing your trade, you need to learn and practice more, and thank God that we have demo cryptocurrency trading platforms now that you can use.
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
Don't trade with your emotions. If you will be lose by the emotions you are feeling then it could not be a profitable in your trades. Let us execute our trades using our set of plan and if it goes wrong, we should not blame ourselves. Because many people, even pro traders are losing money because of the market condition.
The lesson that I've learnt in trading is always be a patient and avoid panicking . Must control your self when there's a scenario happen on the growth rate of your coin. Wherein always build a new strategy instead and don't ever give up because that's the only key to become successful trader. And lastly next time before putting money in some coin must ensure thar in the future it will give back a good return! Because that's the most important which just to avoid risky situation.
I think mine is staying calm, I have been in many storms of bitcoin, seen the 2014 period as well and now seen the 20k and down to 3k and back up to 10k so I know what the bitcoin world is about and how it could change the prices constantly and even during the times you feel you are doing fine it is actually preparing for a bad time for you.
Hence, right now the most important thing I learnt about bitcoin is staying calm, if during the storm I can stay calm and make clever decisions then instead of getting hurt by the unexpected things I could actually take advantage of those and make a profit. Two mouse is dropped into cream, one tries so hard to get out but drowns itself in it while trying hard to get out, the other waits for cheese to go cold and just climbs out of there.
Hence, right now the most important thing I learnt about bitcoin is staying calm, if during the storm I can stay calm and make clever decisions then instead of getting hurt by the unexpected things I could actually take advantage of those and make a profit. Two mouse is dropped into cream, one tries so hard to get out but drowns itself in it while trying hard to get out, the other waits for cheese to go cold and just climbs out of there.
Indeed, with such volatility, keep calm and believe that someday our recent losses, if we are in such a situation, will be covered or even we could get some profit from it. Patience is something that gradually becomes awareness after I start crypto trading. Btw, the parable with the mice is really interesting and very inspiring.
I think mine is staying calm, I have been in many storms of bitcoin, seen the 2014 period as well and now seen the 20k and down to 3k and back up to 10k so I know what the bitcoin world is about and how it could change the prices constantly and even during the times you feel you are doing fine it is actually preparing for a bad time for you.
Hence, right now the most important thing I learnt about bitcoin is staying calm, if during the storm I can stay calm and make clever decisions then instead of getting hurt by the unexpected things I could actually take advantage of those and make a profit. Two mouse is dropped into cream, one tries so hard to get out but drowns itself in it while trying hard to get out, the other waits for cheese to go cold and just climbs out of there.
Hence, right now the most important thing I learnt about bitcoin is staying calm, if during the storm I can stay calm and make clever decisions then instead of getting hurt by the unexpected things I could actually take advantage of those and make a profit. Two mouse is dropped into cream, one tries so hard to get out but drowns itself in it while trying hard to get out, the other waits for cheese to go cold and just climbs out of there.
Most important thing is be patient. If you aren't comfortable with market conditions at any point in time, just wait it out. You aren't forced to trade all the time, and you can certainly wait till a favorable setup appears to enter a trade, however long that takes.
Don't take too much advice from others or signals for that matter. I do look at the TA of other traders from time to time, but I mostly do my own TA nowadays. It's easy to just go and pay for signals, but there aren't any shortcuts in trading.
Don't take too much advice from others or signals for that matter. I do look at the TA of other traders from time to time, but I mostly do my own TA nowadays. It's easy to just go and pay for signals, but there aren't any shortcuts in trading.
Less influencers, less YouTube videos watched, less following of any kind, less news of any kind consumed, less indicators used, less signals by others, the better.
I'm not much of a trader but I do feel hurt whenever I set a sell order and at the end it rise above that price, same thing with buy orders and the emotion of me losing at times affects me at that time which leads to a negative impact in my next trade, although am trying to work against that but the lesson have learnt so far is not to allow emotions cloud my actions.
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the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month!
lol. This is true some of here will create multiple topics about bitcoin that will pump and yet it's crashing maybe they're big investors who owns multiple altcoins and encourage users to buy the bitcoins on the market because they're selling it and they technically know what will happened in the market.
Well the most important lesson I learned in trading is:
1. Don't follow the opinion of anyone unless you've done or you conduct your own research
2. Don't do trading if you're afraid of risk
3. Risk = Profit
I learn a lot of lessons, never buy when price goes up, never try to recover fast after get a loss and the most important never panic when see something bad news, and always wait to see what happen and not take a fast decision which can be wrong.
The most important lesson I had learned was that " Trust no one " depend on your own way or make your own,
remember experience is the best learning stage for us to become successful in trading. And being trader Timing, Patience,
and don't allow your emotions controls you.
remember experience is the best learning stage for us to become successful in trading. And being trader Timing, Patience,
and don't allow your emotions controls you.
The most important thing I learned in digital currency trading is patience, patience is very much needed in trading so we are not wrong in making decisions when trading, then with this we know when to sell and when to buy and when prices rise then we do not sales will panic
The most important thing I learned in digital currency trading is patience, patience is very much needed in trading so we are not wrong in making decisions when trading, then with this we know when to sell and when to buy and when prices rise then we do not sales will panic
Patience is really an important lesson in the process of working with trading because of the lack of patience, we will choose the wrong time to participate in the game and the obvious result is that we will regret it. But in parallel and attached to the lesson of patience, the most profound thing that people should recognize in trading is that they should use the brain to solve all problems, say no to emotions, emotions dominate action, dismiss emotions before joining if we want to succeed Jump to: