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considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle. 

Indeed, that school is within our personal drive towards trading because it can't be done without a capital. If you don't have enough starting capital to use as an entry of a desired coins you're planning to trade with, we can't earn bigger profit. As a good start, make use of the extra saving you had and don't let that money just sit without growing. Studying in trading should need guidance from expert, so seeking mentorship from a companionship is my best advice.

Experience is the key which basically talks about on how you gonna sustain yourself in trading and this would be in involvement with real experience and trades which would really be involving lots of trials and errors.

Consistency and patience is also a main factor on where people do should mind of because you wont learn nothing if you wont experience it for yourself.Get focused and concentrate on what you've been doing.

You should survive out.

Well basically having a basic sense of discipline is very necessary, tenacity in responding to a process that has occurred is very necessary, the point is to be able to get used to daily activities consistently and don't forget a strong sense of intention as well as optimism that is able to motivate yourself to succeed. That way, digging deeper insights and knowledge related to trading, will be more motivated and able to master.

In fact , trading profits are not easy to obtain. Focusing on trading is conducive to making practical judgments and adjustments to the market and trends at all times. This is a good habit.

However, I would like to remind you that sometimes too much focus on the disk will make you lose your judgment on a large cycle trend. Keep trying in the world of trading until you find a trading method that suits you.

right, a trader is like going to school, where we must always learn with the market and not be complacent. because the market can easily stalk our psychology when we feel great. therefore staying alert, sticking to the rules, and always being calm are the characteristics of a good trader, they will remain calm even though profit / loss befalls them

And I wouldn't blame them for that. Controlling emotions and understanding the concept of which trading is both losing and winning takes time to actually take in. A LOT of time imo. I'd actually not compare it with school imo, since the results are quite dependent both on how you take knowledge in and how the school gives you knowledge. Trading is more of a self travel kind of thing. You can meet a few guys here and there in the travel but in the end, it's mostly up to you on how to actually do stuff.

Just don't be discouraged and let nature take its course, you shouldn't have much problem then.

It is highly profitable when you also got higher capital. It's misleading to the newbies to say that there's much profit in trading, yes, that's a fact but it's all words until they've tried it on their own.

That's why when a newbie who's not in depth on trading and tries it out, they lose which is expected but they're having a false hope that upon doing it, they'll make that much money.

You don't always win in trading even with your full concentration particularly in crypto because even if you are good in technical analysis the fundamental news will affect the market. Some of us said that because of the Bitcoin adoption the market isn't very risky but the truth is that it is still affected with just a simple fud and then your position in the market comes trembling.

When you say full concentration, you have to eat, drink and sleep with all the bitcoin news to be profitable. I say just do the swing traders do, you position when the price is at the lowest point and hold and then sell when the price is at its peak. By this, you don't have to put all your concentration.

Mostly newbie traders are emotional, so most likely they are carried away specially if they see huge margin profit in the beginning. But make no mistakes about it, trading is a journey and you won't always win. Those who stay in the game and learn from this mistakes will possibly succeed. But there are a lot of factors to consider, capital for example is one of the most important. That's why there are whales in this game and most likely they are going to profit bigger than average joe.

How do you know which point is the highest and lowest point?
The highest and lowest points are summed up after the fact.
It is difficult for people to judge when trading.

Trading is just the way life is. The the things you need to do in life to achieve your goals and they are
1. Consistent
2.Patient
3.Good passion
4. Looking and working on little details

These above three are important to our lives as living life itself is trade so we need them. Someone who is not patient who always quit at a little challenge. No trading strategy is perfect because all of them have their errors but being able to work it out takes being consistent, good passion and identifying the errors which are the little details.

Depends on your trading plan and trading time some of the people having their trading plan because this serves as a guide to the traders if you don't have a plan you cannot make a trade because once you lose your path it's too hard for you to make decisions.

Trading time is the most important thing you need to consider when you are in the market or not this serves as a good strategy to win when the market is active once it happens you need to make more conscious because of active volatility.

Trading needs focus and concentration besides knowledge and skills. Traders can not feel satisfied with what they achieve because they need to adjust their skills every day. After all, the market also changes up and down. That is why they need to learn without stopping to improve their skills and learn more lessons from many good sources. Maybe we can not always make a profit, but we need to keep trying because we need to become pro traders and succeed. Enjoy the process of trading while you learn and you will see that you will get a good result in the future.

Some people took trading as a full time job thus they wouldn't treat with it levity they  traded with most seriousness and gave it attention, of course I don't expect any experienced trader to risk their hard earned money deposited in a broker or exchange and play around with trading knowing that a lot of skills and knowledge must be implemented to guarantee consistent profit earning else such a trader portfolio will get rekt within the shortest period of time unfortunately this is mostly common to newbie traders who without acquiring all the necessary skills jumped into trading with a mindset of making huge profits in a bid to becoming rick quickly.

We can guarantee when will the time the prices is good to trade. The market is too volatile and prices moves too fast or low. Having time to do charting and studying the possible effects of the price increases and dump can help but being able to monitor thoroughly in any time of the day will be much better especially if we are a day trader.

That's true! If you want to earn bigger profit in trading, you should learn both technical and fundamental analysis, put a lot of time and focus, and of course a huge capital. The amount of profit is base on your capital and on how you do trading. Be a good learner to be a good and successful trader.

Controlling emotion is very difficult when you are in open positions, use leverages, especially if you are trading with big capital and with loan capital.

Vital advice, always use your own money to trade or invest. Loan will cause pressure of loan repayment and loan interests as well. When you have unstable emotion and are under pressure of loan repayment, you might make bad decisions. Consequently, loses will knock your doors.

Instead of trading, let's buy, dca and hodl!

Check DCA and get estimation for your scheduled DCA at https://dcabtc.com/

I would think that this should have been incredibly obvious and yet most people do not know this, revealing the low level of knowledge they have about trading and the markets in general, trading is hard anyone that says otherwise is lying or does not know what they are talking about, and the only way to become successful at it is to always watch the markets as you do not want to miss a single opportunity, as those opportunities appear and disappear relatively quickly.

Right. Need to consider trading as a serious and professional platform where one has to constantly update oneself. As like, one is responsible and dedicated towards his/her career, trading should be taken in seriously. Better to even spend a percentage of amount to learn techniques, graphs moments and etc which is the key of trading.

It definitely is, yes. You only need to look at the computer setup of professional traders like @philakonecrypto:

https://i.postimg.cc/TPjrLYTh/screenshot-28.png (https://postimages.org/)
Source (https://www.trendsmap.com/twitter/tweet/1376730979675553793)

Especially with intra-day trades it is often a matter of seconds when the trend turns, so the faster you notice the trading opportunity, the higher the chance that you can successfully use it.

A good trader is a consistent reader. You can't succeed in trading without consistency in reading. Trading is like every other occupation that requires practice and consistency just that in trading you deal with monetary equivalent either crypto or forex and has such emotions must play out so its wiser to have proper knowledge and skills which would require consistent updating.

To be successful at any endeavour, constant practice and time devotion is essential to become a master of the trade. Even the best traders I know in the crypto space are constantly learning and adapting. Any trader who isn't ready to learn and adapt won't last long. This is a problem I've noticed with most new and beginning traders. You won't get very far if you only learn and don't practice it on a regular basis. As someone who has tried trading and programming (I'm a comp. Science major), Its clear that every skill not just trading needs constant learning and practice to strive and survive. Enough said.

Not only trading but in all things in life you are engage on would really be needing that consistency and concentration for you to succeed because if you do just wander around without any designated goal or something
then you arent doing things seriously.

Specially on trading where you do deal up with moving price so you would really be needing that attention and concentration or else you would really be lost on track.

Dealing with volatile market isnt something that anyone could handle off this is why these behavior or factors is really needed.

It becomes highly profitable if you know how to do it. As I can say that trading is not just about learning the basics but it requires a high level of market knowledge. It gonna be continuous development and that it takes time before we finally reach where we can say that we becoming pro traders. But if we don't take this seriously, we can't also expect good results. It should have a sort of focus and dedication in order to success.

When you're into this type of income generating ways in trading, attention and concentration was just a matter of desire. If you don't have that, I guess trading wouldn't become productive because for me that's a career which involves skills and knowledge. Every successful trader undergone several challenges, however they're able to handle everything despite of struggles.

It is an absolute loss on our side. And this is common to happen for those who just jump on the market without a single knowledge about trading and they only have is capital to start. This a big mistake and found to be regretting and we can never expect that this person could generate profit but just losing their money instantly.

As we know that there is no joke in trading, it involves money and that's it needs serious attention and it is fully equipped with knowledge and skill if we want to make a profit out of trading.

Patience without consistency and concentration is useless. OP is right, the title of this thread says it all.
Consistency is one of the major problems of newbies, especially those people who started to trade and after few trades, they stopped and after a few days/weeks, they trade again and stop again, with no consistency.
Especially they stop when they already lost, then very huge possibility that you will not get your loss back if you stop.

Not only is it profitable, it is highly risky which is why knowledge is the key to this industry and requires some patience because successful traders don't trade everyday, you need to scan for high probability trading setups.

Tbh trading is too demanding it needs you  to keep your head into the game such that if you lose or win you remain composed to avoid going against the trading plan.

Patience very important and that's one thing you learn the Hard way because your mentors, trading coaches don't tell you,experience teaches you this lesson.

if you have enough knowledge and you know how to control your emotions when trading probably you will not get affected on what negative news occurred in the space, because what i know of being a good trader you should know what are the most important information to prevent such issue, if not and you will just rely on your skills then it's like you put your self in the middle of a war without any weapon.. So be smart enough and don't make the things rush when it comes trading because this isn't easy task wherein you can fix all the bad situations without doing anything.

Ofcourse it is, the fact that you acknowledges that trading could be really profitable could also means that trading could cause a big loss as well, remember that the profit or losses we score depends on ourselves and market decision.
People should know that trading which are short term  usually requires dedication like a fulltime job to make profit.

Well said, the reason many traders aren't succeeding at their trade is because they're yet to understand what they're getting themselves into. Some traders hardly give the market any attention talk more of concentration. Which is why the bear always exposed the fraud they're. They basically just speculate on the market without any analysis and because it was the bull market, they come out successful and you'll mistake them to be traders.

Like others source of income that shouldn't be taken for granted so is trading, you have to keep out time to learn more and perfect your already existing knowledge on trading. If you don't do so you'll be left in the pasts and still be using outdated techniques to try tackling the market which will most likely keep you losing.

Strategy are to be updated as the market matures, if the strategy you used few years ago aren't bringing in the profits anymore then you have to update yours. Practice is what makes you perfect and if you want to become a professional traders then you have to keep practicing constantly and sooner or later trading will become a part of you.

There are indicators for this like the RSI which in different time frames like in daily chart if you trade in this timeframe you will see the RSI pointed which is high and low.

https://i.imgur.com/ZnZlglN.png

Circled in green is the highest point and the lowest point. if it doesn't reach that point, you can just sit back and wait. But then this is a daily chart, going over to the weekly chart is where you can see indicators are reacting differently.

many people find it easy to make a profit from trading, but can they last long in the trading world? I think most will lose. with a feeling of pride, then they unconsciously initiate threats to make mistakes. and many of them run out of capital because they just made a mistake, without a stop loss, they feel the price will return soon, but in the end it turns to ash

Being a trader is not easy, that’s why you will see a lot of people losing their money. You have to give it a lot of attention and you also have to be ready to learn all the time. By learning you will understand what works and what doesn’t. You have to understand the market that you’re into before you will start seeing success in it.

It’s just like some that would complain that technical analysis isn’t working for them in the market of cryptocurrency. They are forgetting that it is not just about technical analysis, you also have to consider other things that happens in the market, and you have to add fundamental analysis to it. So being a successful trader takes a lot of hard work.

This is why I stopped day trading back in 2019. It was eating all of my time that I could have spent in something more...fun.
I mean I already have my job, and I would cut off tired and just straight up looking at the charts is kind of tiring even during my day-offs.

Depending on self preference since not all would really be that having that kind of mindset but since we do have own decisions in life then its up to personal choice on which path you would take.
Neither you do focus on having a job and would enjoy it or would rather stick out on boring things but you are earning more? You can choose which one but for me i would rather choose
on seeing those charts and would really be cherishing out bigger income or profits even though nothing is assured but still you know the things you could do when you do have
more money compared into those day workers out there.

It's normal for them to get carried away because they're only thinking of the return and that's why with even a small loss, they're already panicking but that's not a good take on this market because it reflects the results as they trade. Actually, it's good that they quit quickly so that they can save themselves from further losses which might happen if they stay for so long in the market that they're not accustomed to.

Quitting or taking a break isnt bad because this is the time on where people do make out self realizations neither they would come back and continue or would totally quit because this isnt something fits for them in terms of
money or risk taking and its on different level on each person so you would really see different outcomes about this and when talking about things needed about trading then it would really be needing full attention and concentration for you to succeed even though its not guaranteed but you would likely to succeed into this market if you do have this kind of behavior unlike others which do easily
quit when they do experience first loss.

When it comes to short-term trading, it is necessary to do so, but in my view of trading I prefer to do it in the medium and long term, I have found that peace of mind in trading is the best thing to have.

My technique is the following, I place an order where there is stop loss and take profit, I just have to wait to see what happens, and so I don't have to be stuck to the PC.

In my beginnings I always operated without detaching myself from the PC but that did not give me time in my daily life to do anything, just wait and see the PC, and that is not healthy either, I think that trading should be seen as a business, at least I have. learned from the books and advice of the great masters of trading, such as Wyckoff, Livermore, among others.

Yes, it's not that bad at all because they know what they do and if they can't cope up with the market, that's all what they need to do and that is to quit or have some break. And as they break if they want to get back, they need to think of the strategy and learn from the mistakes and experience that they've gained through trading. If they cannot be on the full concentration, they should find a better market, a market that fits their knowledge and time to keep going.

In trading, we are indeed required to explore deeper trading knowledge and don't be complacent with the results we get. so psychologically we have to feel we still have a lot of shortcomings so that this is a motivation for us to study harder and work harder

The title's right, that's why you should think twice before getting in trading because it will take up a lot of your time and you will be surprised if you underestimate the time needed to trade each day especially when the market is bearish and you have to watch out for opportunities.

It means that we need to go beyond what we have today and make every day a habit to learn more until we find enough to deal with the market behavior.
It is likely to have the confidence and when we feel that we got what we want to happen on our trades.
All of this stuff needs passion and motivation, and we don't have to underestimate trading. Many got to fall and suffer failures because of such action and we don't need to be like them, otherwsie.

For some trading is kind of fun that it doesn't get them bored while they're doing it even it cost them all day to do the thing but there are also some of us who didn't a full time trader which also have had some things to do aside from trading. But here's one thing I know as a trader it may really cost you time and effort and it requires a constant learning because the price is not constant same also as the trend. As the trend keep on constant changing then the need for us to be updated and learn new things is a must.

Yes, that is a process but that will depend on how hard we learn to trade because many of us do not continue to learn to trade and just use the other suggestion to buy and sell the coins. The psychological problem for every trader will be different and they need to know how to solve the problem so they can focus on trading and analyze better. If you can learn more about trading, you will see many trading lessons that we should learn.

This means that trading isn't an easy job for all. Some just got it shortly and make themselves better after a short while but many were also getting hard to understand it and finally do an exit. To say that trading might be boring especially when we don't have a huge interest in it.

It is usually we are dragged by some influential people who told us that trading is profitable and easy, well, it was different when we are in actual trading and we can feel the difficulties especially when we struggled to understand the situation and suffering losses.

That is a possibility but even then I have my doubts, after all even if it is easy to produce profits for the expert traders now, I am pretty sure they remember all the time they dedicated to the study of the markets and all the mistakes they made and all the money they lost and the sleepless nights they got out of it and the majority will still say that it was hard, only the most talented traders that did not had to go through that could say something like trading is easy.

Not that theyre not serious but rather they hadnt just expected on how they would act if losses would happen.When  its your first time then you would really be having that kind of impression.

You would really be on state of shock but your determination would rather be broken or wouldnt really mind at all.If you are really eager to learn then you would definitely not mind

if you lost once because you would really be thinking on where did you go wrong and would be curious and would really be trying out and you do really gain up experience.

It is very easy when newbies says that trading is very easy and we can do that without much efforts and doing much work and search for it, but when they are really doing trading, it is much difficult and needs much attention and concentration. That's why it is profitable.

The need for focus and concentration mainly applies to short-term trading but not so much for long-term. This is one of the reason why some people buy in and leave their coins for years before they come back to it.

This strategy works well for top 5 cryptos with a long-term of 1yr+ because their overall trend is likely to go up, but the picture becomes more complicated when considering other alts that are not the top coins.

Yeah, getting too overjoyed with your achievements is not ideal but at the time though, we must appreciate our good trades and work on the bad ones. I mean self-appreciation is an underrated aspect of life because if you appreciate yourself when you do something good, you will feel like repeating it while if you just don't feel satisfied with good trades, you will struggle to find happiness.

Learning about the project when buying a new token and keeping an eye on the news when buying bitcoins is important. It's not just important to learn but also keep yourself updated with the latest occurrences too.

Trading is a combination of those two and also discipline, smart strategy, good management of emotions, risks, and funds, and also the right decision. Besides, with those terms, we can have good experiences. Experiences will tell us how also.
But yeah, we are seeing not only newbies but also maybe most of us cannot do those all very well, except we are professional traders.

And if we are a daytrade, of course, trading will also spend much of our time and energy. We always know how a daytrade makes us lack sleep at night.  :D

Risk management in short because money handling,emotion,decision making is part of it and when you are aware and does know on how to make things in position then most likely you would really succeed into your trading career.Its not a guarantee but high chances you would able to reach out.

Everything does involved investment does really require consistent attention and concentration so that you would really be on track and you do know on what you are doing.

Jumping into this venture without having these considerations is just pure gambling.So you should really be mindful with these factors no matter what.

Therefore short-term trading is only for people who really make trading their main job, because I admit it requires more time and attention.
So for me, who really makes trading as a side job, very difficult to divide the time if I have to do short-term trading. In the end I did choose
long-term trading, which I only check the market in my spare time, but have to be careful choosing coins for long-term trading. Because not
all coins are good for long-term trading, this requires good research and analysis in order to be able to choose which coins are suitable for
long-term trading. I usually choose coins that are among the top 10 rankings on coinmarketcap for long-term trading.

In general, yes, but it all depends on your style and which candlesticks you are trading.
In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.

Trading has different stages and until you reach the final stages which then your experience becomes a major factor behind your success, you haven't mastered the act of trading. Anyone can get lucky with their first trades so don't think because you got them right that you have mastered the act of trading. This kind of thought is want drives newbie into taking decision that are far beyond them like increase their risk side just because they had few trades correct.

It can be very frustrating at first when you want to become a trader, after few successful trades it'll feel like trading isn't for you as all you do will seems to not be working. Others would be profiting but when you try yours, you'll come out not successful. You don't have to quit, just need revisit your drawing board, probably taking some few weeks off the market might help.

Go back to learning, instead of quiting. If you do pass that very first frustrating stages then everything will begin to fall into place. Trading needs practice and consistency, discipline as well. All these helps to keep you focused.

If you just rely on the bot to work on your behalf, you are actually making yourself out of trading. Being hands-on in this field makes our minds work together and could create good ideas/strategies. Time and focus are needed and a must thing to do, but it doesn't mean that we have to spend all day in trading as it was just like you are killing yourselves and it was not a healthy practice. I dare not to do this as it was not only the reason why we become successful in trading. 

I need more knowledge about trading, many of people here said that if we choose for trading we dont have to spend all day with monitor the candlestickcls but we can use the bot for helping our job. Can you help me to find sources referency to learn about trading more? Is the bot really help us and we can trade easier than before. Because first time I entered the crypto market, I have spent much times just for waiting the right time to sell and buy everyday.

That sentence just hit me hard. It actually makes sense. With time and practice comes experience.
We have to practice trading regularly and not lose hope when we lose money. As you said consistency is the key.
Even I have started to learn to trade and practice it regularly. Yes, I do lose money but sometimes I do make profits.
I hope at some point the amount of losing money will decrease and the profits will increase.

Well, beyond distraction and all that (they must surely come), the major thing needed to succeed in trading is "skill set". Why a lot of momentary winning traders fail is because they become over confident in their winnings and then neglect their trading plans. Trading is a profession and should be treated with utmost discipline and respect, with constant training and retraining the way doctors and engineers do. Twerking and realignment are vital aspects of winning when it comes to trading. Without which it will be almost like making a gambling on trades.

That only happens when we fully change our mindset and think that continuous working on our market knowledge and enhancing skills will have positive results. We shouldn't be confident that we already know the basics but instead go beyond that level of understanding as this will place a big role in our trades. Because as we are motivated and seriously consider trading is a passive source of income, the more we are encouraged to work hard and help ourselves to become better.

Spending much time in trading is not worth it if you still have limited knowledge so I believe, you must set your skills and strategies first before you do trading because this is not an easy buy and sell, it needs a lot of strategies and patience and don't expect that on your every trade, you'll make money because even a professional trader lose some of their money. The most important here is you achieve your goal at the end of the day, and there's always a next time if you lose your trade today, just be consistent and stay committed.

Confidence is built automatically with time but what many do is they become over confident about themselves which leads them to losses.
Losses are a part of trading. We can't keep making profits every time. But having proper money management and risk management could help us in decreasing the losses.
We need strong will and determination to be able to work continuously towards achieving our goal.
Mastering trading and that too in the crypto community is not a piece of cake. Many have failed miserably and I am sure that only the professionals survive in the long run.

All in all if those people quit before suffering massive losses it is not so bad, we must remember that not everyone can be good at everything so there is going to be stuff for which you have some natural talent, obviously you still need to work hard in order to develop those talents, but there are other activities in which you have no natural ability and that goes against your natural tendencies and trading is exactly like that for the majority of people, so I do not see that this is as bad as it may seem at first.

We should be mentally and emotionally prepared when we enter the world of crypto trading because, to be honest, it needs focus and emotional control since the market is volatile. It could make our emotions go like a roller coaster ride so we should know how to deal with the market. Setting a certain goal would be a big help so we'll know when to stop and when to continue.

Well, this is what we called ^{[day trading]} which is I really hate to watch the market over 24 hours just to gain profit and take the opportunity while the market has a great opportunity in making a profit. The best thing here is if you are a full-time trader you should have an automated trading tool that can make it easier to execute buy and sell at the perfect time without worrying and watching the price on the river. When you have this tool, there is no need for you to worry about consistently watching the market.

It is indeed right. In any kinds of work whether it is trading or not, consistency and putting full attention is a must have. Talking about trading, it is really needed for a trader to be consistent despite of the fact that we are working on a highly volatile market, consistency of a trader in a sense that he must remain consistent of learning and trying out new strategies that is appropriate of different situation for the fact that there is no standard way on dealing with the volatile market so continuous learning is a must have. Full concentration is also a need because if you are not totally aware, you might miss out important details and opportunities that will be offered by different market situations.

Actually, according to what I have learned, that in trading the main thing in learning to master all situations and reading the direction of movement is to instill a love for crypto first. because after all learning on the basis of compulsion just to increase the amount of money from $10 to $50, will be very difficult. But if you cultivate a sense of love and curiosity, then whatever time it takes will not be too serious a problem.

And most of the beginners who come, have a low level of patience, they want to catch up.

I like your example of comparing becoming a trader with a school life, exactly that's how we can become a trader no matter how much knowledge we have about trading because experience makes us more perfect and the real life lessons will teach you things a lot better.

Full concentration doesn't mean 24/7, you can work in the time you want but this is a Market that never sleeps so make sure you are prepared to minimize the losses which can save your past and future profits.

That's why this isn't for everyone since not everyone have a good time allowance to do because some have other side hustles besides trading but I don't think that it has to be consistent all throughout because once you get a grip and feel of what to do in trading, you will be able to know what to do and you don't have to be on it all the time.

You are absolutely right, and when we are only able to beholders then that is a choice that must be made. Don't force day trading without having adequate knowledge in the field of TA, because that's the same as singing about what has been issued as capital. Does not guarantee anything if you do not have mature knowledge. Then don't occasionally trade daily just follow influencers every day without having a firm grip. Remember the portion of Influencer with small daily traders, is not the same.

This is true plus not everyone in the crypto world is a trader as well, we have to remember that. I personally am a person who works for crypto, I do normal content work and earn crypto, meanwhile I also invest into crypto, very long term investment that requires absolutely nothing from me, just buy and hold for as long as possible, and lastly I do small time trading, remove trading and not a big part of my life changes and I am still in crypto world nearly 12 hours a day.

This is why I think it is obvious that traders who are "not serious about trading" are not people who get out of crypto completely, I know plenty of people in the crypto world who are not interested in trading it, so we could say that crypto can accept all kinds of people from all over the world doing whatever they want to do with it. This is why I am quite happy with the way things are for me, and I understand those who stop trading after a quick while as well.

Trading isn't solely for everyone because it's only for those people who are willing to take risks and are patient with the market. You don't think that it hasn't to be consistent? if that's what you think then you shouldn't be trading because trading needs consistency in every trade that you do. Because if you don't have that, you're just wasting your time and you don't have a keen plan as you trade because it's very important to have a clear plan as you trade.

This is exactly why I am not trading. I am a very busy person, I work nearly 12 hours a day (I have to say I take breaks longer than a normal worker, probably can finish it in 8 if I worked with less breaks but I want to make a quality work so I give breaks in the middle) and sleep 8 hours a day, that means I already have only 4 hours a day for myself, which is usually at night, from around 11 pm to 3 am I am all to myself and have nothing to do.

To become a trader, I would have to spend that period to get better and keep checking stuff and constantly trading, which I will not be doing at all, I rather spend that time to relax and enjoy life because I am going to live only once so I rather not throw all of that away at trading, that 4 hours is the only part of my life that I can consider myself actually living, which is very precious to me.

highly profitable ?
 i think that depend to the person doing trade if he is skillfull he can do the right thing like chosing the right coin for trading , not letting his emotion overcome him and others but some can perform better in investing and other busines and not in trading .
 tho your right that if we are in trading , we need to foccus in it but it was not bad to have a day off to do things that makes us entertained . we need them to unwind and perform much better when we comeback in our business

We are not yet at the stage of evolution when machines can replace people. Accordingly, the trading bot will not be able to evaluate projects and invest in promising coins instead of you, but it can perform a certain amount of your work. In any case, if you are engaged in day trading, you should be ready to make timely decisions around the clock.

Consistency is key to any profitable result. Trading comes with lots of market behaviors and it only takes a consistent trading to master a handful of this numerous market behaviors. A trader might take a trade from a good entry point but fear would make him close just too early due to retracement. Knowledge is lubricant that brings out the best of every trade but consistency improves on the knowledge

Human beings cannot really compete against this type of tool, since normally these bots tend to act in a few seconds and guarantee a net profit. I have always looked for information about high frequency trading, but I see that there is very little information about it, I imagine that many whales do have these types of tools.
In the Stock Market, there has already been high frequency trading for many years, but it has remained very quiet, however, you cannot cover the sun with a finger, if it has already been in the Stock Market for years in the BTC market too.

Experiecing the actual market in a continous ways makes you assess and anticipate much closely,

the market have different behaviors as you said and there's no questions with that especially with

high volatility, it's difficult but with your ability to adopt in the long process you may  succeed.

It's ok. being carried away easily during the first phase of learning is part of the process.

They are newbies after all so what do you expect from them? Already enhanced and improved? What matters there is, they are learning and understand right away that trading isn't a kid's game.

Just let them do their own work. As long as they are serious and focus on doing trades, they will surely learn while in progress.

Trading is not only about profit and loss, IMHO, it is like when we are read the book, you must finish it to understand what trully meaning of it, and make summary as same as your condition, as example, when we take mentoring class, doesnt mean the theory will be match with market condition and our own style, we need convert it before do what we get from mentoring class that we takes and start applying to the buy and sell activity.
Many of us fail with this situation, i am include, but i try more and more and at this time, i am learning from what ive been trough.

You are right mate, all of this is just how we take profit from our trade, but every people has style how to get it, like i said above, when you read market or coin direct accurately like you were reading a book and summarised, its be your style to trade and make profit.
I mean, everyone need to make customization from what they heard and see from tutorial and others.

It's true that everyone has their own strategy to make a profit from their trading,
so we can't just imitate from other people because it's not necessarily in accordance with what we want,
what is clear is trading is not an easy thing so we need to keep learning

As i can say discipline is very necessary in trading because whenever you are well disciplined it will be easy for you and another thing you are right trading needs full concentration too, sometimes we don't know about the coins and these coins will give us loss which is bad.

In my opinion full concentration is not facts about trading, but understanding of risk management, knowledge of trading and also experience is a must have,
there is one way to do these three things, by understanding your own potential and determining the Time Frame to use.
when you have done that, full concentration is actually not needed, because trading is not about shooting animals in the forest, but about anticipating every market movement.

The more you are concentrated on trading, the more chances you'll be successful, that's the fact.

Some people started trading and later quit their job because they are already successful, and what they can make through their job in a month, they can make in trading in a day, that's how lucrative trading is for people who have the skills. Anyone could work hard just to be consistent as the reward is life-changing, but as for me, I'm not that good anymore yet, so I'll stick with the long-term trading.

As we should know about the facts that in trading there are loss as well as we are getting profit too, but in a sense you are right without concentration we will definitely be in a loss in can't do trading. The main thing is concentration with having much patience in trading. Then only it will give us profit and there will be more chance to get profit.

I do not think that you should quit your job just because you are making a lot of money on trading. I have a good chunk of money saved aside, not a lot but a good chunk, it could allow me to not work for 6 months, I lost it on a project I was working on and now I am back to living pay check to pay check, but I didn't just quit my job and kept on trading like I did, that is how I made that money, by trading and investing, lost it on a project but I could recoup that by working, investing, trading and get back there, it may take some time but I will get there.

You know what I will do when I get there? I will not stop working, I will keep on trading and making a good amount of profit, but I will not quit working, never did, never will. I could retire one day, but that doesn't mean that I will quit, I will just be a very old guy who is having hard time working so that will be understandable.

One of the big mistakes that i see new traders do is they immediately jump into trading high volatile low currencies and they end up not having the attention or the time to concentrate, where they should be going for much more reliable and flexible trades, like bitcoin or Ethereum where the price are constantly changing and you can make some good profit from it if you make the right decisions at the right time.

Just as it is necessary to have knowledge about trading, it is also necessary to have a discipline. A trader cannot make a profit only if he has knowledge of the market unless he closes that trade at the right time. If the trader does not have discipline and the power to control himself, then that trader will not be able to stay in the market for long.

I have seen for myself that even though many trades were in my profit, I did not close them due to greed and later that trade had to close at a loss. So a good strategy with trading knowledge is very important for a trader so that he can retain profit.

They see it from others that it's more rewarding.

That is the reason why they choose to trade those type of cryptocurrencies because they're mostly being hyped. They trade without the foundational knowledge that they need as a trader.

And when they experience how hard it is, they learn from it but with a pair of losses.

Even if we're having too much concentration, that doesn't guarantee us good results in trading because many possibilities that losing bigger amount of money will tend to exist. We can be a good trader or make ourselves as an expert of it, but before you reach the top position many struggles will be faced in order to become worth it for those praises. My advice is don't drown yourself over trading all alone, balancing our activities is very important so don't risk on asset you can't afford to lose.

Indeed. Knowledge and discipline in trading is very important. Considering the fact that trading is highly profitable and responds majority to knowledge, skills and discipline, this means it needs full attention and concentration consistently. I have noticed some of the traders especially to those upcoming traders, that means they are newbies that carried away easily with little profit or loss especially when there is changes of price. Becoming a good trader is like your on the school, you do necessary things consistently without any distraction until you succeed. Once you started trading, it needs the guidance of an expert, so seeking mentorship from a companion is my best advice.

When you do make yourself get caught on the hype then you would really be realizing those things that it wouldn't really be just easy as it looks when you are already on the actual situation.

Trading is never been easy even it do looks to simple but its not.Of course it would really be needing consistent attention and concentration because if you don't  put up a focus on it then expect

that lose chances is way more higher than on profiting ones and you should really  be mindful about this thing.

True, It is stressfu job at the early stage but once you learn all tools of trading then you can handle it comforably. I am  an experienced trader and I do trading in stocks, Forex and Crypto and my learning about trading can be described in single line that , for traders all markets are same, some are more volatile like crypto and some are less like Forex but those more volatle give you more opportunities to make provided how good you are in indenfying opportunity and making  profit out of it. To develop this skill you have to be good in Technical Indicators as well as good  understanding of Risk/Money management.

Yes exactly.
Trading will really need consistent and also attention fully.
When trading, we may get less or lack sleep, stress, and also other negative bad impacts. However, why do many people including me still do trading? Because we know that trading also gives or earns sus much money if we can do it very well.
Trading is an activity, happiness when we get profits.
This will really make our life colorful and challenging enough. But of course, smart trading

Trading is the only real way to make money but when you trade you need time and comfort if you are trading right. If your trade is 70 to 75% then you are a good trader. But these are very difficult tasks. Only 10% of people win in trading But it is also a fact that if you learn to trade then you do not need to work because there is a lot of money in trading.

I agree that it's never been easy.

Most of the people that sees the success of traders are only looking at the success but they barely see the struggles and bad experiences that they've made.

Which makes them stronger and better in this field.

only 10%? is that so? many professional traders have a lot of experience and the 10% figure is too little. maybe don't count it on a percentage basis, winning in trading will not continue to happen.
Knowing the basics of technical analysis in trading will give you a better winning percentage. that way you will understand how the market works.

Don't always think that being a trader will always be a lot of money. Look at the effort they put in before they got rich. Of course there will be a lot of capital needed as well as some losses that will never be forgotten. Trading is not as easy as turning the hand.

Trading is not what everyone can do, because there are many people who cannot cope with the stress of having to read a lot every day and doing research to be able to trade. But all you need is passion, as long as you have that love for what you’re doing you’re not going to be seeing it as a stress any more, instead you’re going to enjoy doing what you’re doing, even though it’s not easy.

The reason a lot of people quit is because, first of all they want to make quick money, and secondly, they want to make it easily, and when they come into trading and see how hard it is, they all run off. But those who stay and develop passion for it and start working hard on it are the ones who are successful.

I agree on that trading needs a full concentration, if we are going to do trading without concentration we can be end up as loser so we need to concentrate and fucos on it. Some people lose because they always do trade as a part time job and they don't give their full attention on it.

consistency and patience is one of the basic things before entering the crypto world. You have to really understand the basics of crypto. As you said that we are like a school if the basics haven't been mastered how can you move up to a higher level, you really have to be consistent to learn and dig deeper into the material, not just the skin. Especially in terms of concentration, this is also the main point that you need to underline so that what you are aiming for is really clear.

- You should immediately abandon such traditional and outdated thinking, although this market can be described as a battleground but the actual pressure is not quite the same, intense concentration at all times is not necessary when you just have reduced your sanity and health. Many people still succeed in part-time trading as long as they pay attention to the important moments, proactively reducing the pace and adjusting the reasonable rest periods, forcing ourselves to improve the state of the body is not sustainable for long.

That's why you need to have a very big amount of free time or you consider it as your day job because you're going to spend a lot of time waiting for the right moments in the market. Although, it becomes different eventually because when you become more experienced and efficient with trading, you are going to need less time spent when you are trading.

Trading bot even is not a guarantee to a successful trade. If it were to be so, every trader would have made it on every trade made. Bots are not easy to chop out profit as easy that way.



Yes it can be taken as a day job because if given enough time to develop on it, it is very lucrative than many salary jobs and you still have your time to fix other things. As usual anything you invest your time on is likely you do a good understanding of it.

At first, yes you need lots of time dealing with your research it's very important that you spare time to look for good

asset to work with, every single data that you can gather to all media channels that the team have is very important

piece of information, but eventually, those hard work and time spend will bring you knowledge that you can use to have

a much better chance with your trading business.

As a trader, you have to mark your time to be productive, look for breaking news, follow imo, fomo or chart analysis but really have to be very focused.  If you have family, children... it is definitely a big deal for traders. I have a family and small children so I wouldn't trade it for being a trader.

I agrre that trading require a lots of attention and consentration and without this two important character, you may not succeed as a trader! It takes a lots of energy to stay focus and pay attention all the time! It is important to allocate a certain amount of time where you can pay attention and concentrate till that time is spent. You can repeat this over and over again so you don't get burnt and become sick!

Your right trading needs consistency and attention, without being focused we might end up having a loosing trade so often and this is what makes many new traders quit trading so quickly. If a trader pays the sacrifice of giving out time and attention to trading and acquire the required knowledge about trading, practice, make mistakes and learn from the mistakes with time such trader will be a professional and a successful trader.

1. Focus
2. Set Goals
3. Open on new ideas
4. Continue to read up others experience
5. Dont trade with emotion
6. Patience
7. Proper handling of funds
8. Dont believe on Fuds and shills

You would really be needing these things but majority of them would be gained through experience
and you would discover it for yourself.

What is said is true so that we do not rush or panic in trading with this ups and downs crypto market. Trading requires patience to wait for the right time to sell or buy crypto at the right price. If you rush to make decisions in trading, you will get the losses because you cannot think clearly. It's not easy being a good trader and it also takes time and experience to become a good trader, that's why many novice traders give up because they want quick and easy results. So all of that does require patience, thoroughness and also caution to be able to trade well.

That's true some people are not fully consistent and not on their full concentration when doing trading that's why it's hard for them to think what is a good decision and what's bad also if you are not on full concentration there are things that you might miss and that's not really good in trading.

It is not easy being a trader. Not what they imagine when they see a trader who is already successful . Though all have the same process. Even a successful trader is always willing to learn, whether it's learning from his own experience or the experience of others. So focus on deepening knowledge, from here even a small capital if we have knowledge will develop into a big one.

Trading truly is like a school, the most focused and attentive student are the one's who comes out with flying colors, but these days everyone wants to trade without the required knowledge, trading based on luck which makes it looks like gambling, entering at any point and hoping for price increase and this what makes newbies loose in trade and quit saying trading is bad whereas it's someone else profession.

Trading is not so complicated IMO, what's more important here is your ability to control your emotion and always stick to the game plan. The trend is very easy to predict, that's why it's always advisable to buy at dip and sell at the peak, some newbies failed to follow it, instead, they do the opposite.

right, the main factor determining the success of a trader is psychological. but many people are actually busy looking for the best trading strategy, with cool analysis images, but many have not been able to obey it, so they end up panic selling

I think you can be a consistently profitable trader even if you are a part-time trader. No need to stay glued all-day to the screen if you're trading a high timeframe like a daily or weekly. And yes, it does need a lot of focus and concentration, but once you get it, it kind of becomes an automated process requiring less cognitive effort as the mind gets used to it. ;)

Maybe it works for you but for me, it won't and I realize that it needs more time and effort. With the changes I've made, it was found to be more profiting and the results is too far from what I did before.
Yes, it doesn't need to be glued all day on the screen and never does this as I was just a casual trader even the other day traders but having a long-time spend on the market will help us to be more aware of the current trend and this gives us some view which strategy we have to apply and consider this as an advantage.

Trading is a constant and consistent learning, it takes a lot of years of educating yourself about trading and if a person choose to commit himself/herself it would not be easy for him to get a correct or proper techniques how to trade but at least the fact that learning for him is not boring. We do look trading as a good chance to earn a great profit and it is definitely true however only those who knows how to trade well, well-educated how to trade are the one who succeeded. Trading is not easy but if you really wanted to learn about this platform you will going to enjoy the benefit of your decision.

Consistent and concentration is very necessary in trading. You must really have a consistent intention from beginning to end when deciding to be reliable in cryptocurrencies, especially when you already feel the difficulty of holding back emotions when monitoring market conditions. Related to concentration, namely when you have difficulty controlling your emotions, you really have to stay focused on trading, don't vent your emotions when trading. Focus on the goal to be achieved.

Trust me it does not even work for him or anyone who posted here in this thread that it worked for them,,, And if they argue, simply ask for the proof, which is very easy to get if they really were traders.

Real traders do not waste time on this kind of threads. Too busy actually trading.

Glued to screen "traders" are actually speculators and gamblers. The painful truth:)

It's not about full concentration and being consistent- it's about hard work and absorbing the knowledge for experience.

Even if a person is consistent with trading, there is still no guaranteed profit on his end. Trading requires a great deal amount of experience and knowledge on the market. When we mean by knowledge- both the extrinsic and intrinsic factors should be considered that affect the price of cryptocurrencies. Then after that, full concentration would follow in order to track down the price and sell them at ATH.

I do agree with OP that you need necessary knowledge, skills and tools to do trading in profit. Those who jump with zero knowledge always end up in loss. One other reason is that newbies think that trading is a a piece of cake and with this mindset people jump with huge capital and that's there key mistake.
I am a loser when it comes to day trading or short term trading while  winner when it comes to HODLing.

Experience and knowledge really play an important role and you cannot start trading without them, because this is the basis for a good result

In order to achieve your goals in trading, it is necessary to give full time to trading. If you don't pay any attention or does not give time to trading, then it will become difficult to get benefits from trading. To be successful in trading, it is most important to give attention and full concentration to trading.

Alternatively, you can, of course, not pay enough attention. But it should be understood that in this case, the trading result may not be the most positive.

It is through knowledge and skills that anyone can contribute to society in any shape and form. The same principle also applies to trading. While trading might not be for everyone it is at least crucial to learn from early on. This learning curve should cover basics trading skills, planning for entry/exit and how to time it such that it works out for you.

Too often, people jump in not really understanding what to expect and just following the crowd which sometimes works but most of the times doesn't. So stick to your basics, trade, learn some more and find out if trading in the end is for you or not.

Obviously you can't do something without giving it the time and attention it deserves, and trading does take up on both.