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Create your trading plan, work on it and stick to your plan - Achieving consistency and discipline

It is fascinating to see it start to pay off once you patiently work on it! And I wanted to share some of the rules I strictly followed here. It might help other traders and might add some value to the community here:

• Systemizing the learning process
• Thinking on effective ways of learning.
• Build through small wins, not the biggest, but where's the easiest money for me to test and implement what I have learned
• I learned that I mostly lost profits and even ended up with losses for being too greedy for more profits and deviating from my trading plan.
• Set your take profit, and stop loss along with the right position sizing. Have a clear plan for what you want to achieve. (To learn how to set up your stop losses and effective position sizing, you can find it here. (https://blog.cleo.finance/category/trading/))
• Don't let emotional elements affect your trading decision and harm your long-term profitability. (Automated trading helped me greatly with this and also with my trading discipline)
• Set a risk limit for each trade, but also for a day/week/month.
• Determine the right position size and start small
• Increase the size of trades slowly if your account grows
• Lower size or switch back to paper trading if your account doesn’t.

Also it is a good advice for traders to use indicators and have excellent risk management plan.

Many traders believe in stop loss, but I do not use that. The biggest failure of traders are the high leverages they are using to trade. A trader using high leverage to trade would be better to use stop loss.

How about using low leverage? It is good. Assuming you have $1000 to use to trade, why can't start with $333 which is 0.3x leverage to open a position, if indicators failed after some times, you can then increase it to 1x leverage to bring the entry price closer to the mark price. While I can no more go more than 2x.

Traders have different strategies, but I do not believe more in stop loss than to just start small below 1x leverage and not increase the leverage above 2x.

How about going on the old and traditional way of writing down your trading?

So that at least you can go back and see how everything went wrong, regardless of you winning or losing? And then adjust your strategy as you go along? I'm no longer very active in trading, but years ago when I was starting in this journey I used to do this simply strategy. I know it might cost sometime but at least you can still go back and look at your own personal logs and see what you really do during your active trading days.

The market has a way to punish you when you don't stick to your plan. If you deviate from that plan that gives you winning, you are likely to go into losing especially if the deviated plan is winning plan. Most times you don't realize this as the reason for losing or you don't understand you have deviated. I have experienced this often times to realize that this is a big issue and the this is caused by being greedy. A trader that is less greedy may be contented with a plan and if we try to have different plans, we lose alot.

I did that for a while but then I started to use this tool for going back and keep improving myself by finding out my mistakes and understanding my trading flaws. PnL, my size, what triggered, how it triggered, which of my trading conditions are fulfilled and how they were fulfilled, my RRR levels, and so forth. I have pretty much all the insights I need.


https://s4.gifyu.com/images/Position-replay-D1-BTC-USDT-Binance-futures59c7db6950a29cbc.gif (https://gifyu.com/image/SEMU9)

There's no other way but being used doing trading. Building experience is the key.

Always remember that there's no good improvement that can be achieved overnight. Even experienced and professional traders are still making some mistakes. It's just that they now able to minimize their losses while they are working on their progress.

Just continue trading and learn from all your mistakes. Even without reading trading techniques and tips, forming and improving a strategy will be automatically done on the way. Obviously, be serious about learning trades to fully achieved being a good trader later on.

Making a plan is easy, but it’s hard to execute and go on that plan. I appreciate your efforts OP that you have made in the post, but to be honest it goods best in theoretically only. When you trade with real money, in each and every trade you deal with extreme caution and vulnerability. The only way one can improve his trading is the risk management and experience. If a trader knows how much risk he should put in a risk, then definitely he will have better results and better profits.

Of course, therefore experience and expertise in trading is best. But theory is important because it can improve the ability to understand something, but in reality trading is more difficult than one might imagine.

Risk management, knowledge, experience, expertise and capital are some of the factors that support a trader to get results. One can buy without analysis, but in the end they just gamble with their luck. So everything is needed whether it's theory, experience and good risk management.

With experience we will feel how to run the theory that has been given and we can know the trades that we are going through with some of the skills we can.

We will not even escape losses because basically trading will definitely feel it but by building good risk management we can trade with experience which we do all the time and this of course requires a process with time taken to get better at it. Minimizing losses that were previously large are now smaller, it is much better but I think trading requires extra patience considering the bearish market situation which is sometimes difficult to determine the price even though it has been targeted.

From all the theories above, of course, experience will be made into our learning in trading.

For novice traders, paper trading is very beneficial.

After learning something, they should practice it with paper trading before trading with real money.

However, if one would like to trade real money, he should begin with a small amount. Over time, as his experience grows, he can increase the amount.

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OP, i think you forgot to add source link to your post. Please add it, otherwise you will be banned.

Reddit post (https://www.reddit.com/r/Daytrading/comments/ydzhxk/create_your_trading_plan_work_on_it_and_stick_to/)

Consistency and continuous learning can be a good key for your successful trading activities.
There’s a lot of this advices already but if you are not doing something to address the problem on your gambling activities then it will be hard for you to become more profitable. If your one strategy doesn’t work then have a plan B and never forget to set up your cut loss and target price, once you already practice this probably you can slowly become a good trader. Losing in trading is normal though, and the goal should be more about consistently than always winning, it’s good also to have a year end target profit and when you reach it learn not to be greedy.

Systemizing the learning process

This should be enough imho.Make yourself be that learning and be mindful on putting it into your mind or simply make yourself that versatile on different conditions.
Learning from your mistakes and errors which it would really be making you a better trader.Just keep learning along the way and accept and learn something from it.
Try to make yourself sustainable and able to survive this unpredictable market.

Achieving consistency and discipline will surely take time to process. I like to add that having several plans to stick with is good rather than only a few. Since the market has different trends and behavior, we will end up encountering different situations and challenges therefore we also need several plans to adapt to the specific market environment.

Keep doing trades and make it a habit. We will always end up being the best in any field as long as we keep learning about that.

I think these are the same point. The main point is to learn effectively and continuously.
By learning effectively and continuously, we can get more knowledge and experience in trading. More knowledge and experience will trigger us to find out the best way to trade coins, then this will determine a better achievement/result in trading. No trader stops learning, even an experienced trader still needs learning to have a proper way/strategy in trading.

This! For me, this is very important when you are doing trading and you want a good result.
You must train yourself to stick with your plans and can control your emotion. Good risk management, will help you to manage your funds, and manage your profits, losses, and capital.
Capital preservation is the most important because there are a lot of good trade entries in the future, and that's why we should protect our capital at all costs.

A trading diary is an old-school technique but it is one that is still very effective, people need to know that our memories are not perfect and as time passes we are going to forget the exact reasons about why we did what we did, but if we keep detailed records not only of the trades we made but also of the thinking process that lead us in that direction then it would be easier to correct our mistakes and improve our abilities as traders, however many people prefer to not do something like this as they see trading diaries as taking too much effort, especially if they are day traders.

The more you go, the better you are in trading. Mistakes can be known but emotion can still set in. If no discipline, there is still possibility of continuous failure. There are some certain rules that have to be followed to have a successfully profitable trades. It is not even only about looking back, as you trade, you will have the experience, but are you really to make corrections as emotions are setting in again.


I do not see any reason for having a trading diary. As for me it is highly not necessary. The mistakes in trading can not be beyond not having good strategies and also using high leverage and not using indicators appropriately. As trading goes on, you will know all these without having a dairy for it.

Of course these are some of the elements to being Consistent in your trades. One who is Consistent is one who is and would always try to be careful on all the signs he or she sorts for before taking a trade and the signs that emerges and could make a trade go wrong.

On the contrary, I think having a diary could help a lot.
When we arr talking about trading plan, how do one gets to plan without having some sort of record on a diary. It's one way to put down your moves, nothing the changes that occurs along the line. Diary also helps to keep histories and in the market, histories repeats until it changes. It might be in the indicators or signs and  being able to note them, read them and understand them when they occur could add to your success. Diaries keeps you on check with those.

What plan? Is it beyond having specific leverage like not going beyond 2x, using just certain amount of money, not to let emotion to take over. Just like I have said, I see no reason to have a book for trading plan. The book I have then were the ones I read online when I was learning how to trade, I read and I understood it and see no reason to have a book for trading plan. I trade just BTC/USDT which makes the pair for me to be easy. Even if I want to have other pairs, I can save them as favourite on the exchange that I am using. All my last mistakes were known and I do not need any book to correct them. But what I just noticed is that the last mistake can be done again after emotions sets in just like I have said the other time, but you do not need a trading book to correct that, only what is necessary is discipline.

Let us be practical and not let us just be having the theoretical discussion. If you are a scalper, what would diary do? Also for day traders? Analyses made are just for that day or few minutes. Going to holders, they may consider diary, but yet the analyses can be drawn again if you are expert enough, but you may want to keep record of some long term analyses. If I am a scalper or swing trader, what is the function of a diary that is no longer useful for me as I make analyses based on minutes, hours and within a day?

Let us take it back to the discussion. Using diary to correct past mistakes. I do not see it necessary and can make trading to be more complicated. Mistakes are corrected in a way you know it already and you discipline yourself for corrections.

Good advice you got there OP.

I will just add this opinion of mine, I believe continuous learning by trial and error is also a good thing to improve anyone trading's skill. It's because they have to find the right technique and indicators for them, we all have different approach in trading and finding that will cost a lot but worth the risk. Trading is a very long term investment, especially on your skills, doubting yourself won't do any good so you have to trust the process.

It's tiring but you just have to rest if you really want to pursue the trading career, don't stop and keep on grinding.

Trading is not an easy job, and it must be clear to our minds. Yes, you're absolutely right, learning trading can't be done so easily as learning is a continuous activity. And what we can do to improve the result of our trading to going better and more profitable is simply don't give up easily and never be distracted by the losses and negativity we heard around. Keep on focus and aim our mind to the goal we set because the more we think about the outside world of trading, the more possibility we got out of focus and make the wrong decisions.

Keeping records is a good thing but isn't the exchanges have the trades recorded?  I think it would be a waste of effort and time to write all those trades down, but I think it can help in analyzing your trade performance and keeping in check whether you are doing the right thing or not.


True! It is really one of the best strategies for successful trading.  Nothing beats reflecting and analysing trades to know the reason behind successful trading and why the trading strategy failed.


It is important to keep records of our trading experiences.  Having records can remind us of our success and the strategy we use or our failure and the reason of that failure.  A person's mind may be unlimited but the capacity to remember things is limited.  Keeping records helps us to remember stuff and learned from it.  It is also an effective way of passing knowledge, books will never exist if no one ever records their experience and found knowledge.  Without diaries or books that record the previous event, a man may have difficulty advancing his knowledge.  The same applies to trading experience and knowledge.

All the trades are recorded on the exchange, you can even check your PnL in day, week, month or year and check the stat.

Do you have to write down that you leverage 10x and your trading asset got liquidated very fast. Do you have to write down that you start a leverage with 5x and use martin gale strategy to leverage it to 50x to bring entry price closer to mark price, but in the process, brought the liquidation price closer and the trade is in opposite direction and trading asset got liquidated. Do you have to write down that you gambled as a newbie trader and not use indicators but result to many losses? All these are not necessary. Without writing them down, your experience would help if you discipline yourself.

Actually some people are not actually trading but just want to post, but you do not sound like one of them, I can see that you are one of the people that trade and practically know what is happening. Let me ask you this question and I will appreciate an honest answer. Are you writing them down?

As for me, I don't and my experience grows in all mistakes I made in the past.

That's why we need to have skills in risk management and that's very important,
when trading want to get good results of course it takes a lot of things,
because after all trading is very complex and we must be aware of it

I would have said different trader different methods as much as that would be true, you've got to have a record to direct your trading. Define your entry and exit points. I'd ont mean books like, some text to teach you how to trade or manage risks and that and that.
I mean like a diary where you get to keep written records on your approaches and operations of the market. Yeah, it's truly for that day but the signs that made you pick a trade never really changes. They are the se things you sort out for to determine an entry and exit with each correct analysis straightening your decision making, ensuring you never did gamble and you stick with the plan.

I will say build with small and only increase the size when the confidence level has increased sometimes increasing slowly without mastering a start up size can trigger some greed factor. Perfecting the initial size of a trade helps boast confidence in handling something bigger.

Learning never ends in trading. No one can boast of understanding clearly all the market moves. What is clear to  A might be a mystery to B. And what A sees in a second B might have to apply so much analysis to find the trading point. Learning boasts a traders confidence and decisions  

I think learning by trial-error is only good for beginners. It should be done at the beginning of our trading journey. Don't use the same method forever, we should have another way. How if we learn from others' experiences? We can read any articles or read from any posts in this forum regarding what skills we want to know. By learning others' experiences with the skills, we can use the strategy properly. So, we don't need to do trial-error anymore.

For me, it is learning more about the coin you want to trade with.
The more you know about the coin, their plans, their actual progress, hints from their social media channels,
the better for you to understand their market trend. Definitely, if there is uptick in the market, something is going on with their developments.
Those trading skills will be useless if you have no idea what you are getting into. So better familiarize yourself with the coin before jumping into its market.

Making yourself do get familiar when it comes to the project and its movement but it wont really be on a precise manner since price is always been that tough to speculate or mind on where it would be going.

Specially on a market trend where price could go in one direction at the same time which means that you should really make yourself that wise on taking up decisions whether you should sell or buy.

Improving your trading results? Just trade and trade until you do learn sufficient experience which could really help you on withstanding this unpredictable and random market.
It might not be assured that you do ending up on positive but at least the main target of yours is on how to sustain.

You can't achieve consistency in just a single plan. We will achieve it if we will able to make our own strategies that we can use in different scenarios.

While also sticking to those strategies of ours, we can modify some parts of the plan if there's something that needs to change.

We should also be strongly dedicated if we are really eyeing to improve our trading results.

In addition we should avoid changing trading plan
every now and then, we just needed to modify it if necessary, I have seen cases of consistent changing of trading plan and strategy lead to incurring streaks of losses, personally I sticked to my own personal trading plan in case of any trading loss or losses I usually scan to through possibly to know if there is any mistakes and make necessary amendment to prevent future mistakes or probably the market defies my plan and move in other opposite direction which is inevitable in trading of so I move on to the next trading opportunity.

Executing is easy but to stick on the plan is the real one that is hard to do and this is why many of us are still not successful because we lack of consistency. Along with that is we are also building an experience.

Experience matters a lot in many things not just in trading but having a good experience in trading helps you familiarize with the market and to the complicated terms, so you will now take things easily but not totally to the point that you will now trade big amounts. Of course money or risk management must still be there. This is also the failure of many traders especially those who are still a newbie in here, they tend to risk big immediately thinking they can earn big fast that way.

All that the OP wrote is good but could have been combined as many of them could be summarized into a quality trading plan. That said, the basic thing needed by any trader is to make sure that he learns everything possible, not systematically because what you think is irrelevant in trading might later be what would help you. It is through learning that traders would know the true ethics of trading, and natural wisdom will help in blending what they learned together for productivity in trading.

By learning the experiences of others I think it's more than enough,
especially with all the ease of information that we can get at this time of course that is no longer an excuse,
doing trial-error will only be a waste of time and it's a pity

And once traders learn a lot about trading, they need to practice it on the exchange so that it can provide them with useful experience and can improve their analytical skills.
And that's why the methods used by each trader will be different because they learn from different sources to achieve their respective goals.
But what they learn will give a good result in the future if they can use it well in trading and if they learn more and practice it, it can give them an opportunity to be better at trading.
Never be satisfied with the lessons we learn because the reality is that market conditions are always changing, making us continuously learn more to adapt to market situations.

Some good piece of advices and actually these all are basic knowledge we can acquire from our trading experience but the only problem will be finding the right trading strategy where most people commit mistakes they simply follow what is written on the book or explained by someone or in any form the came to know and applying it without analysing the current condition.

Sometimes trading becomes very difficult when you trade against the trend. This is the time that no strategy works and the emotion take the greater part of the trader. At this time you are neither hear or there trying to have a grasp of what is happening. To stay away this time is a nice trading pattern itself or to reduce your risk taking until the market begins to go your direction, to chase the market is not the right thing to do.

You have listed the recommendations correctly, now the most difficult thing remains to follow them flawlessly. After all, at the initial stage of trading, there is a great desire to violate such recommendations, which ultimately leads to the loss of their money.

There is one thing about trading strategies. These strategies change from time to time according to the market conditions. The strategy in trading is not a constant that is why the strategy that worked for Mr A might not work for Mr B. It is also why the trading instructors make more money teaching people how to trade than trading itself.

When they study and master one or two working strategies, they past is down to their students who stick to them even if they have expired or they needed to make some changes. That is why I did not so much believe in acquiring trading strategies rather I believe more in learning the basics. Strategies might change but basics remains the basic.

Never fail to analyze your trading results and record the data.  Analyzing the trading result will enable us to internalize our strategy.  We will be able to see the flaws, and device a solution to that flaws in order to perform better in the future trades.  It will also help us to device an improved strategy to have an even better result.  Never stop learning so that we can be ahead of the trading competition.

The only and most effective way to do that is not doing the same mistake again and again. To get rid of repetitive mistakes professional traders do keep a notebook or spreadsheet where they track down all of their trade records with the conclusion of the results. If you do that you can quickly rethink any already faced situation. Mistakes are normal but not making any progress by using them is laziness.

When you don't follow through with your plan, the market has a way of punishing you. If you stray from a winning strategy, you run the risk of losing, especially if the original strategy was winning. Most of the time, you don't recognize this as the cause of your failure or fail to recognize your deviation. I've encountered this enough times to see that it's a serious problem and that greed is to blame. A less avaricious trader might be happy with a strategy, and if we try to have different plans, we lose a lot of money.

In short, you should really be that versatile on which  you should really know on when to make out adjustments and when to apply those learnings that you do have in the past.If you do lack experience
and you do experience something that you hadnt encountered before then this is an normal thing because not everyone would really be that perfect when it comes to trading.
You cant really be able to determine precisely on where prices could really be able to go ahead and this is why on every price speculation would always remain as speculation.
Improving ones self will really be depending on how you would really be adapting and act according on what you had experienced in the past and used those things on future trades to come.

Yes, it can be your strategy and if it is working for you then good to go with it but for me the strategy will really differ because I believe going against the trend will give more profits but it will take more time even years that is why we need to have enough patience and clear goal about what we are chasing and it varies depends on our capital and profit margin.

For improving the trading results you need some skills i.e Research and Analysis , adapting your Market Analysis to changing Market Conditions, staying in the trading,  Patience, do not add emotions in trading, you have to study the previous readings, discipline, study technical analysis, always use a trading plan, treat trading like a bussiness not a hobby or job, risk only what you can afford, learn everything about the business, know when to stop trading.

Doing this from time to time meaning you are a responsible trader and you take actions to correct your mistakes and have a good trade. Analyzing every result might take you a lot of time but still it's advisable. Every trader have their own strategy, we must aim to become more good in trading and consider this as our business. Trading is indeed a challenging business, focus on that and spend more time.

Great write up OP, just to add on what's in the OP.... Traders need not to always trade each time a chart is opened as doing so will lead to over trading and expose you to unnecessary losses.

Secondly, they say practice makes perfect and its from this we need to back test our strategy so that we become masters of the art of trading.

Creating and compiling special strategies starting from good management as well as some suitable trading tools or indicators will be very helpful in the learning process. It is not easy to understand and know what strategies are suitable. By trial and error, it will determine which strategies are suitable and which strategies do not need to be used. Each trader chooses what type of trading they will use. and in the end the final result or profit that will determine success or failure and consistently earn profits. Seeing how big the average profit and loss is, after that evaluate what needs to be improved.

There are so many ways we can improve our trading results which ranges from working on our strategies and fixing them in a way that will correlate with the current condition of the market. The market is always changing phases and what works yesterday may not work today which is the main reason why we need 5o always improve our strategies.

There are so many things we can do to work on our strategies and ourselves so that we can keep having a better results. Self improvement will help a trader to improve trading results.

I think another big step which could have been added here stay away from tips and people who promise they earn 100% of their money daily, people who will say that they can make you rich in just a couple of weeks. And also from people who tell they have bots using which you can automate your trading set back and relax while the bot trades. There is no such readymade thing if there would have been such a thing everyone would be using it.

Aside from self-improvement, practicing each strategy you have either minimizing the losses or maximizing the profit it helps you to understand what strategy you have to use when the market is changing. It's true that the market is unpredictable especially the Bitcoin prices but if you master the basics of your strategy you will earn more profit in the long run because you know how to play in the market. Practicing and reading a lot of books about trading will help you to completely understand how you will change the outcome as a different person from what you are before.

It is true, but we must highlight something that not everyone likes and that is that when we lose in trading, there are two ways to take it, first anger, when it gets angry we don't even bother to check what happened, but if we take it from the second way is to review why that happened? what was it that we failed in the analysis, there we must learn more, now if we win a trade we must also review what happened for that movement to occur, and that is how we will also learn, I know that sometimes because of the emotion We didn't even review nda, and we say that we understood the market, but many things could have happened, first, we don't know if it almost hit the stop loss and then it went up, these are things that can happen.

As a trader then you should really be able to accept out those mistakes and errors which you do really need to re-assess on what happened so that on second time or next encounter, then you would really be having the
idea on what you should gonna do.Improving trading results is something that would really matter on your experience and skills which had been enhanced by time.This is why you should really be that sensible
and be that versatile on minding off on things which you do know that could make you something better.Then the next target? Minimize those errors as much as possible because there's no such thing
about 100% profitability as a trader.It would be less but at least making yourself on higher percentage to make profits then this is what we should aim on.

Demo accounts are useful but we also need to recognize their limitations, many people do well when they trade with those demo accounts and this encourages them to try trading for real, but this is because when you are no using money in your trades then you can perform your strategy perfectly without any kind of issues, but when you use money then all kind of emotions begin to surface that were not there before and that in many cases cause traders to fail and make mistakes they will not make otherwise.

People think that we have to trade at all times just to have good in trading. It doesn't go like that, you have to gain experience but it doesn't mean that you have to do it at most times.
There are many traders that only trade sometimes but if they do, they're mostly at profits because they know what they must do and it's not just a trade that will earn them pennies.

I always like to research before trading or opening any position. To improve trading results we must choose the perfect coin for trading and have knowledge about risk management.

In trading we have different method of trading, but it's obvious that is all about risk, selecting good coin to be trade with it's absolutely encouraging, but trading involves risk and better skill method to follow. Sometimes what we experience via trading in the aspect of lost some people will not share the information. But i want to know that trading it's all about better foundation and search.

I agree but disagree at the same time. You shouldn't trade just for trading’s sake, that would be a wrong move and you will lose money. However, if you are trading because you think that you found a coin that is undervalued and it will go up soon enough, that would be a good situation to be in. I do not believe that we are going to end up with 40k+ soon for example, so there is no need to trade for me.

The best thing to do would be long term investment. However, if I ever see a coin that could go up in the next week then I will trade it, buy some and wait for it to jump up. So I agree that do not trade all the time, but trade based on if you think you will profit.

Making that foundation to be strong and make yourself be experienced then you would really be able to attain that knowledge which would really be able to help you out on sustaining this market.
You wont really be able to survive if you wont really be making yourself that versatile nor accept out those mistakes and error.Its just normal that unpredictability is really been that part.
Trading results could really be ending up on negative but you should not really that tolerating that kind of emotion which it would really be resulting into quitting up
directly without even doing your best or making out adjustments which is the thing you should really be focusing.

Research or analysis is a must, you can't start anything before doing it.
If you want to buy a coin, you must analyze the chart pattern and the current issue related to the coin. Don't buy if there is a bad issue (bad news) or the chart pattern looks to drop drastically.

How do you define "perfect coins"? And how to know whether it is a perfect coin or not?
If you refer to top coins, they are not always good for the option of trading. Except for investment, top coins are always recommended.
Since people expect to get fast profits from trading, I think the best option is the coins that look to increase their value in the near future.
So, we don't need to wait for a long time to sell the coins.

IMO

the ability to choose trading assets that sometimes makes it difficult for many traders. especially for those who trade daily.
The research done is of course important, but for beginners sometimes trading will always focus on certain coins that they already understand how their market will move.
developing our trade, of course, takes time. this we will not get instantaneously when we read or view trading videos. experience is crucial. so develop skills first gradually. no need to rush to trade with large nominal.

To improve my trading results  I will 
- Trade more instruments once I have tested and proven trading strategy
- Increasing position size and then add another strategy.
Because trade is all about making money and one of the most asked questions is "How can I make more money from trading " which the answer lies in improving your strategies.

I agree with you to built through small wins.
Never stick to your plan if you are doing leverage trading and open it for long term.
Always add demo trading to your learning process.
Never risk more than 1% of portfolio un till you understand the psychology of market.  
Most important thing to improve trading result, after completing learning and practicing process, more and more work required for mental strength as well as emotional control (fear, greed, etc).
Focus on brain relaxing exercise.

Yes, choosing a perfect coin in the market, it will really help you to have a good confident in trading because it is difficult for perfect coin not to pump in the right time for both long term investors and short term investors not to earn well . If you invest in Bitcoin in this bear season that is making many investors to buy and hold until the price move higher before they can sell to make a good profits, which it can also help you to improve your trading results in the future when the price increase higher in the market.

In order to improve your trading results you need to study the market behavior , that is study the behavior of the of particular crypto or coin your trading. Be a specialist in one or two cryptos, this one very secret you use to improve your trading results, for example when I'm I pay so much attention on BTC ,ETH and BNB because this are the cryptos I have studied their behavior.

To diversify your crypto portfolio is good but to see consistent good trading results you need pay attention to one or two coins only and trade them.

This is good advice, don't try analyze of many coins at the same time, because it will take too much of your time and still not give the expected result. Just a few thoroughly studied coins that you constantly analyze will bring a better result than monitoring the entire market. And of course, an important rule should be the withdrawal of profits received from trading every week, or every few weeks, depending on how successful the trading was.

Well, we're trading for sure and one reason and because we've been thinking the same that we have to trade so that we'll earn and profit from that decision.
But what you're saying is all about investing, you buy and wait until it's gone up. Finding for some undervalued coin today and selling it in the near future for profits is also trading but more of an investing principle but if that's going to make you improve your trades and way of dealing this market, that's good and that's what everyone should follow to see if it's also effective for them.

You are absolutely right from my perception, because your ability of examine different coins without focusing or paying attention in one coin will make you to know the rudiments of the coin you wish to trade on, secondly, before you succeeds in trading you most make a consistent research of those coins you want to trade on, because their is no adequate examination or observation of the coin you want to trade with, their is every tendency that the trade might have end up with Lost, so i want use this medium to recapitulate that it's good study the coin of choice perfectly before engaging into trading to avoid lose.

to get good trading results indeed by making it simple our thinking will focus more on analyzing it. by choosing one or two coins to trade, we will always focus more on thinking about the movement of the coin, in contrast to us thinking about many coins to trade, of course it will complicate our minds and eventually become chaotic. Indeed, from trading results, you can't make big profits at once, but small profits that are always repeated and eventually become big, and we have to realize that

This is among the most crucial elements in improving as a trader and increasing your market earnings. Due to greed, risk aversion, faulty counsel, or all three, many traders fail to comprehend this. It will be difficult to stand out among other traders in the market if one falls into any of these categories. Extending and increasing the trade shouldn't be a difficulty if one has adequate and thorough market understanding. However, some people also question what they've learned in the market thus far, which has a significant impact here.

It is not that hard. If you are following one strategy, could you be consistent with it? Could you tweak it as long as you didn't find your desired results? If yes, then you can improve yourself to the next level. Sometimes people follow a strategy, and if it doesn't work a few times, they abandon it. Every strategy can work. You need to find the right way to use it.

Following one strategy? I would be saying that you are wasting your time.Certain strategies does fits out on certain price movement or situation which it would be sensible that you would be needing to switch up
strategies which would suit out on particular condition although it wont really be that precise but at least you have the idea on what you are doing rather than making yourself stick on one strategy which
wont really be that ideal on  certain conditions which as a trader then you should really be versatile on different conditions which is a must thing.
How to improve? Make yourself that learn on whatever things you do encounter along the way.

That is true, people start with all they have right away, but that is the most wrong method they could possibly do and that will result with a quick big loss and could even maybe cause them to be scared of crypto trading completely and never come back.

If you want to start, start with a tiny amount, something that you wouldn't care if you lose, and that way if you lose instead of leaving completely you would be able to just focus on what you could do. I am not saying that it is going to be that easy, but it would be a lot smarter if you could lose small instead of big, then it will get easier and easier for you to make a profit with time and you could start putting more in.

People have the mistaken idea that traders are people which spend their time looking at 20 different assets, taking split second decisions and making huge profits in this way, but that is not the way things work, the traders which become successful concentrate in just a few assets, not only this simplifies and reduces their workload, this strategy allows them to more easily understand all the nuances of the markets they are trading, allowing them to get more profits in the process.

Using strategies is difficult to change circumstances for profit, so every trader needs to have many strategies that the strategi can be used based on the conditions that occur in the market. What they need to have is good analytical skills so they can find gaps to enter the market and buy at the right time. This requires continuous experience and learning, and it takes time. Maybe you can use one strategy in certain circumstances, but at other times, that strategy will not work anymore because of market price fluctuations that occur every day.

Having a lot of strategies packed up, we also have many options which one is likely applicable depending on the market condition.
2-3 strategies might be good enough but I suggest not just focusing on building and creating strategies but rather building and enhancing our knowledge and skill as this will also influence the results of our trades. Because you can't appreciate how good is our strategy if we also lack of knowledge and experience.

Experience and knowledge require time and consistency. It will build up over time. Those two are also needed for developing a strategy. Most of us do not focus on having patience. We do panic in certain conditions and do not apply our strategy. Patience is another vital role if we want long-term success from trading cryptocurrency. All these points are valid for all sort of trading.

this is really helpful to be honest, i mean it will gonna guide you until you become a good trader.. Actually making journal as well is a big thing because you can literally sees your mistakes and fix it immediately to have a good profits after all by looking on it.  Just be specific what your putting on your journal so that no worries if you face a bad situation.   ;)

Some people doesnt really have that kind of patience which is something crucial when it comes on dealing with trading which it would really be that needed for you to be patient for you in order to know all sorts of things

when it comes to experience and learning accumulation which cant really be done on a short period of time.Improving your trading would be basically be depending on you on how you would really be making out
adjustments whenever you do experience difficulties.
Be versatile and be adaptive on such conditions and you would eventually able to apply out on your future trades into those things that you had encountered before.

Thats literally me. I never had the patience to be a great trader and that is why I became a long term investor. Not that I do not know how to trade, I am trading a bit at the current time and thats fine, the results are not horrible, but long term investment is a lot easier and I do not have to really care.

Don't get me wrong, long term investment requires a lot more patience, but it also doesn't require you to be doing anything, while in trading you may wait 3 hours or max 3 days or something but then you have to do something whereas in investment you could literally forget that you bought something and come back 3 years later and have a huge profit. A lot easier option for me.

It seems like very standart answer but experience is the golden key for improve your trading skills. Everyone can follow some basic rules in trading but we're improving them with making some fails. For example, you know opening a leveraged trade with some percentage of your money and you can follow this rule for a while but when you made a mistake and open a position as ''all-in'' and you lose money you gain a new experience. However, you can repeat this sometimes but when you're improve your that skill, you're start to not open a position ''all-in''. For summarize it, I want to mention again. Experience is the golden key for improve trading skills. I just gave one example about it, everyone can add more like this with making some failed transactions.

The more strategies, the better because it will be useful to deal with unpredictable market changes so that we can adapt to all situations and conditions. Increasing our knowledge and skills in the analysis is very helpful in timing the trade so that we can expect to make a profit every day or week. And strategy coupled with analytical skills will give you much better results in trading. It will also help us to stay aware of all the changes in the market.

if you trade too many strategies, I think you are not ready to lose in your trades. and looks to force your trading assets to continue to profit.
you have to believe, every trade will bring you profit or loss. there is no need to impose your ability to continue to profit on your trading assets if that is simply not possible.

if the asset is not able to return or make a profit on our trade. the next option is to get out of the asset even though it is a loss. and switch to other assets for investment or trading that have better opportunities. or you can patiently wait for a pump on a losing asset, by turning a trading plan into a long-term investment plan.

Great tips. It's perfect. Although there can be more tips aside from OP. And also, strategies differ depending on a trader's fit. Sticking to the plan with discipline is the safest which includes the stop loss and the take profit. I am not a fan of stop loss though. I earned a lot doing it but I also lost a lot doing it. 

Do you own the blog OP? I always encounter topics about trading but they always fail to interest me probably because I already have years of experience too although I admit I am not a great trader. On this topic, I felt like OP is indeed a good trader. Upon reading this, I felt the urge to trade again. Of course, I need to start small to test my strategies if they work. I just don't like paper trading.

Keep improving your skills gives you the advantage to know how to adjust to each situation that market is behaving, if you know
how to combine both your experienced and your analytical analysis,

the chance of placing your position in the right place is high. It's your own take that will give you the benefits that you are aiming
it takes time, but once you succeed, there's no stopping to keep compensating from this field.

Consistency and persistence are what we need upon trading. Many traders failed because of being impatient and being not able to provide the needed things in trading. Mismanagement of our funds is also a reason why failing but I know we can make it right as long as we are committed to making change our behavior and our attitude toward trading. Actually, trading is not an easy game, there are a lot of factors to consider if we talk about improving results but the first thing to do is to find our weakness and immediately address this will resolve the issue.

Trading is not as simple as it seems, I hope it represents my thoughts on the OP's question. I never thought that this trade was easy because in reality we always find it difficult to make bold decisions when it comes to risk. Everyone wants profit, while loss is always undesirable. So in my opinion it is difficult to be a successful trader to get consistent results every trading session even though experience and theoretical knowledge are very well prepared.

Some of the suggestions are definitely very good, but the practice may be very difficult because we are dealing with money not demo accounts. Remember that, trading is a high-risk activity so it is mandatory for every trader not to ignore the risk even though they can actually make a profit.

And all of these things would really be requiring that patience inside you because you cant really execute out your strategy and skills when you are been bothered by your emotions
and this might result when you arent really making yourself that patient enough.

You should learn up the things that you had experienced along the way.You do need to apply those errors and mistakes on next time you do encounter.
Learn something from it and this is where you do raise up your awareness on everything.

Results could really vary on how much knowledgeable and skillful you are on this market.

I do agree that it’s not that easy to keep on doing something for hours every day for a very long time. This isn't even just trading, even reading a book for 1 hour a day for 365 days a year for 5 years is a big task. Sure, there could be a few days where you miss, but usually people give up. Hobby is the same thing; you can't really do a hobby for that long and consistently. Some people do, and that type of people also do great trading as well, but not everyone.

I assume that it’s going to be hard for most people to be consistent and keep on trading every day or learn something about every day and make that a reality. I am sorry but it’s just not in the genes of every human on the planet.

The point you are bringing is important, trading is a high risk activity and yet somehow people think they can make it a low risk or even a no risk activity and this is not possible, even if you are a good trader and you can obtain profits you are still taking a massive risk by trading, this explains why even good traders can lose everything as they believed that their experience and skill could insulate them from that risk and trade in whatever way they want and we know this is not true.

Making a plan is simple, but carrying it out and following it through is difficult. I admire the effort you put into the writing, however to be quite honest, it works best in theory. When trading with real money, you must exercise utmost caution and vulnerability in every trade. The only ways to improve one's trading are through risk control and experience. A trader will undoubtedly get better outcomes and make more money if he is aware of the appropriate level of risk to take.

staying disciplined with what has been targeted is not easy even though it is one that can make us success

Are the results on a demo account as good as when you use real money to trade? if it's the same that's good because often traders who use demo accounts to learn actually get the opposite results when using real money.

Trading is risk control, so every time there is a profit target there is a risk of loss. and risk management in many ways, we are required to always think logically in taking action. especially for day trading, of course we have to be very disciplined with our framework, and it's impossible for every transaction to always make a profit, of course we have to take losses if it doesn't go according to the original plan, by understanding the basis then we will be more comfortable to trade

True, those that we read in the book are just theories and concepts, same goes with what the OP has written, It will only give us hints and instruction, but it won't improve our trading results that much in our initial try.  Experience synergize our knowledge, since in trading there are different scenario and situation we will experience (both good and bad), and being exposed to these bad things, again and again, we can develop a strategy and action to do in order to be triumphant agains this hurdles in our success in trading.


True risk control involves research, planning, and making different strategies in order to solve issues in trading that can't be solved with the initial plan.  It is a good thing to be prepared and well-knowledgeable in every trading venture we do since with all this knowledge we can devise a very good risk control program.

Before committing a trade it is ideal to have your trading plan always set the signals need and one of the most basic and common trade mistakes is getting greedy and not putting their stop loss and taking a profit. Always remember that if you work well in executing market trade, you know how to get disciplined in the price because getting greedy makes us more losses than taking a profit.

You would eventually learn all of these things along the way which it really just right that you should set out plans and goals when you do engage with trading.
Results couldnt be directly be positive specially when we are just starting up this is why you should really be preparing yourself on seeing these outcome or results.
Improving would be particular be pertaining about on how you would be correcting your mistakes or errors which you would be applying your real experience
which this is something that you do need to improve overtime.

That is true, books and studying will give you a "guide" and they will tell you what should you expect when you are doing something but that also means that you could end up with at least a walkthrough when you are doing it. That is a good thing because when something happens, you would know what you should expect and what you should do and be ready for them as well.

Sometimes you could be wrong, sometimes what the book tells could be wrong as well, but not at all times and you will gain experience and the more you do it the more you will memorize what is happening and what should be expected and you will get only better and better at it. So time + study + experience will equal profits.

You said it! Most people are either taking it as a gamble or they are not taking it seriously. Trading is a process that requires time and discipline. It is important to have the mindset that your trading strategy will not work all the time but over time in the long term. Having a long-term trading approach is what matters for your trading success.

Stoploss would be only relevant if you do neither get involved with futures,scalping and other short term ways on dealing up with crypto prices but if you are really going for spot
and you do experience out that negative then you could still have the chance for recovery or break even when the market tends to green but its cons then it would really be a
test of patience since no one would ever know on when the market will really be doing that which it would be normal that you would be finding for some options
or ways and this is where trial and error do take place.

Precisely, most of the traders end up with losses for being too greedy for more profits and deviating from their trading plan.

Practice patience and focus on executing your system is what most of us missing I think.