Bitcoin Forum

 there are skills traders needs to acquire in other to be successful in the crypto market, and I will be talking about them, which are;


. patience: in trading patience is on of the skill required for you to be successful.

.over leaverage: in as much as leaverage is very enticing but try as much as possible not to over leaverage, so that you wouldn't got liquidated easily.

. learn how to control your emotions: you must learn how to control your emotions like fear and greed.

. learn fundamental & technical analysis: you have to learn fundamental and technical analysis so as to knowing how to navigate your way in the market.

. wait for the right set up: don't just trade because you want to, trade only when you see the right set up.

. Be discipline: while trading discipline is one thing you need to have so as to be successful in the market.

. stick to a trading strategy and trust your analysis: try as much as possible to stick to your trading strategy and trust your analysis.

The first thing that people should know is that trading is not for everyone. Also that trading is very risky just as gambling is very risky. Traders should also know that they might want to control their emotions but losses is not easy at all and people use to react to losses with unhappiness.

If you lose, do not trade until you have the right mind to trade again. People are more prone to losses after having little losses continuously. And this can lead to changing of trading plan to the one that can bring more losses.

It is true not to use too much leverage. 1x leverage or averaging is better. If you have enough money, it is better to go for averaging. The most important thing in trading is that you should use the amount of money that you can afford to lose to trade.

All the points you have listed are quite valid for someone who wants to become successful in trading and prevent too many losses.

One very important thing is that newbies to trading or existing traders should not handle trading as if it's gambling. Trading is not the same as gambling, but it requires one to constantly practice how to make successful trades and also learn all the necessary things applicable to trading. For example, some traders don't even know the best low-risk leverage to apply while trading; they fail to realize that high leverage will result in quick liquidation because the price of Bitcoin can become very volatile.

Secondly, greed is a very important aspect that a trader should practice to prevent such behavior because it can cause them to even lose the profit they have already earned. For example, if you enter a position and the market is going in your direction, you have already earned enough profit, but you became greedy and decided to stay longer in the trade to gain more profit. You can end up losing even the profit you already made.

stick to a trading strategy and trust your analysis

I would be recommending this if i were to choose one of the best things that you should really be following on.

On this method or approach, you would be able to avoid;

1. Getting fomo
2. Following those so called experts but really just that shit speculators
3. Regrets on losing on a trade that it isnt yours
4. Decision stir up

This is why it would really be always that best that you should really know at least on the things that you've been dealing with.
The rest of learning could really be acquired through real experience and this is something that you should really be putting in mind
on the time that you would really be dealing up with trading. Sustain and survive should be your primary goal or target.

Learning how to control one’s emotions when trading is never that easy but always hard especially that traders are greedy in nature. We can’t always avoid being emotional when trading because that is already a nature for us, but what else can we do if the only way to highly succeed in trading is to minimize the involvement of emotions. Emotions can cause so much distraction, so if you are too emotional and is easily bothered with small losses and hard to overcome, it’s better not to take risk in trading.

If you are a disciplined trader in general, you will not worry other things because you know how to be a responsible and a successful trader in the process. The only thing you will focus is to increase and widen your experience in the market so that if every you decide to trade at a unfavorable market condition, you will still end up making a positive outcome.

Trading covers different aspects, be it mentally, emotionally and physically. As long as you are a disciplined one, all good things will easily follow.

I think this kind of topic is redundant and its content. If you will explore the section, you will see similar topics you have. Anyway,  in terms of traders knowledge or skills to be acquired, let's face it, not all traders could have them or manifest them because every person is different. There are people or traders that can't have patience at all or traders that can't control their emotions. This skill is essential, yes, and the basic knowledge or foundation of the traders that needs to be learned, but the thing is, not all traders can follow this kind of skill or guide, especially those new to trading. They focus more on following their intuition and their own decisions, which is why they lose trades and don't succeed in trading. But also, let's face it, it's hard to manifest this kind of guide or skill as a trader because it will take some time for you to master it. Even in trading, experienced traders still lose trades because that's the nature of humans; they sometimes forget what they have learned.

Yes, let's be real - not every trader is going to have or demonstrate those talents because people vary.  Some folks just don't have an ounce of patience.  Others cant rein in their emotions.  You can't expect all traders to excel in that arena.  We each have our own strengths and shortcomings. But this does not mean that we are all bad traders, because some can simply good at what they do. What matters is figuring out your weaknesses and actively working to improve.  Don't beat yourself up over what you can't yet master.

one more thing to avoid fomo is that when a coin is already so high from the latest bottom you maybe should know that investing and buying at that time isn't really a great idea, remember that coin that are having pump could be dumping in just a blink of an eye, definitely, know the pattern, some whales that dumps are definitely gonna load off their possession of their coin at some point so if you are so hell bent on trying to buy at high, then be ready to become the exit liquidity.
if you encounter such thing its better to just observe other coin out there maybe there are some coin that just hit all time low and you could profit off of it definitely a lot more worth it than just sticking with coin
that are already valued too high.

I think there are already a lot of threads discussing this kind of thing on trading boards and Beginners & Help. The information that I often encounter is not much different from what the OP meant.
OP, if you are a trader with extraordinary experience in the market, maybe you can share how you make an analysis. it might be better than just textual information. but I appreciate you sharing information whether it is from your experience or your knowledge after reading certain sources.

What indicator do you use to analyze when to enter the market to buy and when to execute to sell.
because if only a writing without clear signal guidance from an indicator will be difficult to understand, especially newbies.

You do not just need to learn technical and fundamental analysis; you need to master it.

Have indicators and set ups that you expect to see as confirmation for whatever analysis you make when you are trading. Looking for too many things can become too confusing.

Do not try to many strategies, change strategy only when it is become less effective and obsolete.

If you trade based on good trading skills, it is very possible that you will not be controlled by emotions, whether it be fear or greed because all the decisions you make, both when opening a position and also closing a position, are made based on analysis and this analysis is based on skills. well not because of guessing or feeling, because there are traders who base their decisions on this or because they read the news or other people's posts, not because they are good at trading..

It is very important for a trader to know what they need to learn before starting trading. Like if we aim for success, we also need to acquire more trading ideas and skills. However, learning to control emotions is one of the most important things we need because this creates a huge impact on our trades. In fact, many traders carry good knowledge and trading skills but they still lose due to a lack of emotional control. This simply means that by knowing how to manage it, we are very close to achieving our goal.

Patience is needed when trading but you need to know when to stop having patience and move on from that trade, not every trade will give you profits therefore when you keep hoping with patience that a trade wil turn from being negative to positive, you can end up losing more money and you will get discourage from continue trading. Sometimes you have to end the trade prematurely as it isn't not going in the direction that you predicted the market to move.

Over leveraging isn't a skill to have when trading cryptocurrency, we shouldn't over leverage or we'll not make profits. If we're still newbie in trading it'll be better we start with spot trading and not try future trading until we have gotten enough experience from many years of trading or we'll lose. Discipline is good thing to have as a trader, discipline will help you to become a professional trader.

You have listed valid points OP, when these introductions are strictly followed, a newbie trader will gain good experience and earn from trading with time.

You forget to warn them from been greedy; most newbies in trading are greedy and are always willing to make it big within short time which is wrong because everything is a gradual process.
Let’s learn to take the little profit we have and start all over again, greed will always lead us astray, let’s avoid it and focus on learning everyday, knowledge is the foundation of everything.

If a trader starts trading without learning, it is very bad practice.

However, in contrast if a trader learned first, then start trading, it does not guarantee success and it is a must-known fact for every trader. They must know that trading is risky and a hard job so only learning is not enough. They must learn, but also need to practice a lot of time to test knowledge and trading strategies they learn so that they can know what they did not understand, what they need to be corrected in knowledge and what they must adjusted themselves in emotion and psychology, action control.

all the points OP said are very true,
patient, control emotions, not greedy, confident, but unfortunately many traders ignore all these appeals, like me personally I only trade because I just want to without looking at the right set up, maybe that's the reason I've never been successful in trading, but my situation is quite It's good because I don't suffer losses forever, but it's only temporary that I get profits. The rest of the time I'm mostly on leave, hopefully in the future I can apply it

Yes, of course as beginners they have to learn well about trading if they want to be successful in trading which they do after they learn well they can try it with the capital they have and after they gain experience in trading then they will be able to achieve success in trading and We also need to be able to control our emotions in trading so that we are not greedy in trading which will have a bad impact on us, because if we trade greedily of course we will miss out on the profits we have made and we will experience losses in trading.

Yes all these do play important role I must say. But the main thing that a trader needs to keep it in their mind is the patience. If you don’t have patience, then no matter how you trade. You won’t be able to make good profits. You can try many strategies, but in order to make profit from the market, you have to keep patience I must say. Patience plays very vital role and it determines the outcomes very often. If one masters the art of patience then definitely he will make great profits.

Being patient helps you wait for the best opportunities while keeping leverage in check prevents sudden losses. Emotions like fear and greed can mess with your decisions so it's important to stay cool-headed. Also discipline  keeps you on track with your strategy and trusting your analysis gives you the confidence to stick with it. It's like building a sturdy ship to sail through the ups and downs of the crypto waves

All the things you mentioned are very important and of course very dangerous if they are not continuously embedded in the minds of all traders, especially novice traders. Instead of wanting success and profits, what you get is losses due to mistakes that are often made because you don't have guidelines. Of all that, the most important thing in trading is to keep learning to update your trading skills. You must also always try to increase your knowledge in trading, never feel smart because trading knowledge is endless. Especially learning to control emotions, because the peak of a person's failure as a trader is not being able to control emotions so that many trading decisions are taken that are wrong, and it is very true as you said by learning to control emotions we can avoid fear and greed.

Those that do not know how to trade think that this is just one skill they have to learn and then they will profit from the markets, but trading is in fact a mixture of many different skills, and a lack of a single one of those skills is often enough to seriously hinder a trader and maybe even preventing them to get any profits, so anyone that is truly interested in becoming a trader cannot complete their training by just watching an influencer and some charts, they really need to train themselves as they would for any other profession.

As a trader, it’s important to develop your own trading skills and strategies because that will serve as the key to take advantage over the market unpredictable state or condition. Have your own reliable market analysis because that will be your guide when to enter and make a trading position or when to avoid trading at all cost.

Trading skills and strategies are the weapons of a trader, without it it’s hard for you to be a successful trader because the success of one’s trading relies mostly on how capable and reliable a trader is.

Yes - all of this is advice that has generally been mentioned many times about what traders need to do. Nothing different - it's almost exactly the same as other users' advice. I tend to expect you to provide advice based on knowledge and experience rather than the general advice above - perhaps no longer considered helpful for most experienced traders.

Traders must be well-rounded when it comes to learning acquisition and skills, creating right and positive attitudes towards trading, and having that confidence to trade even when others are hesitant and fearful. To make it simple, traders should always have an edge over other individuals as trading itself is not that easy to succeed, to earn and to gain fulfilling profits.

However, I’m not saying that traders should be on top of the others but traders need to gain exceptional learning and skills if they want successful and profitable trades. While it can be hard for majority, but it becomes easier for those who have deep passion to trade and for those who are really determined to build their career in trading.

Yeah lots of skills that we must learn and everything needs time to learn, however lots of people will get bored when they should learn lots of skills especially when it takes time. We can try trading immediately with funds that we can afford to lose so when we practice our analysis we can earn some profit if our decision is correct. We often hear that with trading we can earn more than when we work full time but if we're already good at trading so it's better to keep working along with learning trading.

Being bored on things that involves money such as investment and trading is the stupidest things to do. You shouldn’t start risking your money if you are bored on the basics to make you successful on getting consistent profit since trading is a choice and not a must. No one force you trade that’s why you have a choice to skip if you don’t like studying anything related to trading.

But this is really happening in reality that’s why there’s a lot of dumb trader even those who’ve involved in trading for a long time because they just keep randomly buying without understanding the principle and strategy on trading.

Patience is the main thing that traders must have, because crypto price movements occur every second, if you are impatient and panic, it will certainly be very detrimental because you haven't reached the right moment when to throw away and when to buy, and greed is also an important factor. change everything when we have made a profit which in the end is impossible to remain grateful for what we got is much better even if it is a small amount

I certainly agree that being patient when trading will most likely help you gain a positive outcome rather than being eager to gain quick profits every time you decide to trade. The crypto market is never certain, so you have to adjust at most times, but if you are patient enough to wait for the right time to trade, your trading outcome will definitely be certain, that is making your trades profitable and successful every time you trade.

This is a unity that traders must have. And actually, the basic thing that is also very important is knowledge about trading. Trading is something very complex, yes, the knowledge is not just about crypto in general. But it is more specific and complex. things such as: fundamental and technical analysis must be understood too. Moreover, technically, traders must of course have prior knowledge about market analysis, indicators, how to read charts on the market, how to take positions, set margins, leverage, SL/CL, and so on. Because this knowledge is a trader's capital to be able to carry out trading activities well.

afterwards, as explained by the OP, related to emotional control, patience, various decision considerations, and so on. This is a unity that cannot be chosen by one. It must be sustainable. That is why trading is not easy and not for everyone.

Patience plays a very important role in trading, a trader must have patience to be successful, without patience one cannot gain knowledge about trading because to gain knowledge about trading one has to spend a lot of time reading about trading, after that to get expected results by trading, and patience is required.

All those who are new to trading think that trading is very easy and this is their misconception, which leads to huge losses before realizing it. A trader needs to have knowledge of these things patience, trading knowledge, money management, greed control to be successful in trading.

In the reality of commerce, or any activity you undertake, these points are always necessary, there are people who are dedicated to commerce but in their daily lives they have not done anything similar, they may even never have responsibilities to pay bills, etc.

Trading is highly stigmatized, but the reality is that by properly managing funds, it is enough to start gaining experience, and then you will understand what skills you should strengthen.

Basically what thread in Need Is understanding and it is obvious but many people who is into trading don't like to understand the concept of trading before the image into trading so it is understanding and also adversible for we as a beginner to study the rules and the regulation of threading before we go into it some of the point you outlined is very important for someone to know as a trader before the person assume to trading so therefore I will encourage whoever that is interested in Trading to at least know the advantages and the disadvantages of trading before the person should enter trading with its capital.

I believe the points OP conveyed were very good and helpful. This certainly has a positive impact if we are disciplined in carrying out each point, but sometimes passion or emotion will sway us to avoid certain points that result in failure or loss.

Of course, activities that are repeated continuously and of course without violating any points and staying on track will provide positive results.

All those things you listed OP are necessary for a trader to succeed. However, I think the most important concern is learning on how to control your emotions. Not all traders are capable to control their emotions even those long time traders in the market. This is the reason why despite of their expertise, they still experience inevitable losses due to high emotions that they fail to avoid.

Nevertheless, there is no perfect trading or a perfect trader. But if you know how to control your varied emotions, that is already close to perfection, an edge over other competent traders.

I was given to understand the place of patience as a virtue in this industry. I learned that to take trigger a trade one must wait for that candle and its timeframe one is watching to run out its full course and close. It has to close before one can execute a trade. Otherwise, there could be a last minute change in the bias of the market.

Those three can't be overemphasized due to their importance in trading even if they're enumerated countless times. It's said that no matter how enticing and tempting you think your set-up is, don't over leverage on your position. That's true. Whenever we pick a trade we should always remember the place of market manipulation in it. We shouldn't leave anytime to chances. We ought to know how to safeguard our capital.

Pro traders will tell you that not trading is also trading. I quite agree with that because it retains one's capital. One of three things happens whenever a trade is triggered  – It's either it runs into profit or it goes into loss or it breaks even (BE). BE is when a trader is taken out at entry price so they don't incur any loss or make any profit.

OP what is this, you've created a long list of the important terms and skills every trader must have you haven't answered the core of your own question, What does a trader know? Hmm is what you wrote is the answer?

Haha, Becasue what I think is a trader must know that he's a trader until or unless he realizes that he's a trader he is not able to fetch any of the attributes OP you've mentioned. I know I know this is a stupid concept but this is the only concept bro. Like my teacher of English he always used to say keep it simple that's the reason I've kept it simple. Hehe sorry sir I respect your contribution but this is old stuff so I thought why not to put some spice into it.

this is the reason why every trader must train their patience, patience in trading is not easy, especially since we are forced to remain consistent under the various pressures we receive, many great traders say if you don't want to enjoy the process then don't be a trader because the truth is a trader is formed from a long arduous process, you must be patient in all your trading activities, don't let greed cloud your emotions, that is a trap.


that's right, people who are disciplined in every strategy they carry out in trading definitely have the opportunity to always make bigger profits than those who are not disciplined at all, trading is not an easy thing if we do it without discipline.

Yes, the points are clearly valid and if strictly followed by any newbie trader there will be positive outcomes in their trading journey. But do you know that all these points are not for lazy people who are just into trading to make some money through the signals they just get from some traders that may claim to experts?
To be a successful trader, you are not supposed to be lazy, and you will have to tighten up and do research and learn every day so as to always have any good updates about any advanced strategies that will bring good profit while trading.

Yup, depending on signals is an obstacle and ruins your trading strategy. Why do I say that, because signals and similar things like copytrading can also cause dependency. Imagine if the signal or copy trading is stuck for a few days or even weeks, this will affect our own trading performance, because we are not independent, our productivity will decrease. Apart from that, it creates a side effect of being lazy, being lazy about learning new things about trading, being lazy about updating knowledge which is actually very vital for trading activities.

Success in the cryptomarket requires an essential skill set that every business should cultivate.  Patience is the most important thing.  Because the market can be volatile all the time, you have to wait for the best opportunity.  Risk must be managed through prudent and investment strategies.  Always keep in mind leverage in futures trading.  Since crypto investing involves risk, fear and greed must always be kept in check.  Which will be essential for you to take proper decision.  Trading strategy in crypto currency should be followed by practicing discipline.  Then you must be one of the successful traders.

The safest is not go with any leverage or if you want to, just set it to 2x. Start all with spot and you don't have to go with all of the leverage and be jealous with other traders flaunting their wins and profits on social media through futures.

You have your own way of trading and there is no need for you to do what the herd does. Maybe your profitable way of trading is through the spot and there's no need to put pressure to yourself.

It's not always the amount that you'll gain but as long as you make a profit and you're hassle free, that's winning like a champion TBH.

To be successful in crypto, of course you have to have good skills and knowledge about crypto and we also have to understand correctly how volatile market movements are and we don't need to panic by selling at a loss and we have to be wise in deciding something and not do it wrongly. in a hurry, when investing in crypto which has risks we must be able to control ourselves and not do it greedily so that we make the wrong decision on the investment we make and will not be able to get a profit from the investment and also we must continue to learn about crypto even though we already have a lot of knowledge and experience in the crypto world.

Patience is a popular tool many traders used to achieved what they want to achieve from their crypto trading, which if you apply the same tactics in your trading, it will help you to trade well when the bullish season appear and you will be happy with what you will achieve at the end. Do what you can do to eliminate fear as a trader, because it can make you loose all your opportunity in the market but if you are trading without fear or emotion of the new price in the market, it will help you to stay long in profit making. Confidence is another tool you can use to see the light of the day, which you need to be confidence with that coins you are holding for the bullish season to come before you can trade.

Basically the idea was a trader should know these terms or something like that I assume? I mean that's what it looks like, there are some cliche stuff, and they are quite boring to anyone who has been around for a long time but I would say maybe he did it for the noobs with some good intention I can't really know. In the end, we have seen a lot of people who has posted a lot of stuff all around, so it is not like it would be impossible for me to have something shocking, it is just how the world is and how we should approach it as much as we could, there is really no other way around it.

I understand that we are not going to see people profiting everywhere, but at least reading this would make them take one small step, not really bad idea, cliche but not wrong.

Hmm, I know what Op meant as from my tone in the feedback you can easily track out that I was not meant to dis-respect OP's emotions in the post or anything like that, what I was doing and trying to say was quite the same but as you've mentioned also people recurrently post such stuff I was just putting the spice and flavor on the same concept.

Haha, Also seems like such stuff doesn't need clarifications, but with this post, I wanted to clarify my intentions for the post. Haha on the same time a tip for traders actions gives the rewards not just imaginations.

That's true, The FOMO falls in the same category and it's a very dangerous thing for a trader. Traders, mostly new ones, make the mistake of buying cryptocurrencies at the wrong time, when they see those straight-up candles they feel that they are missing out on huge profits, and they make an entry unaware of the fact that they are entering the market when others are already exiting and they are providing exit liquidity for those taking profit.

Such practices often make traders lose a lot of money, I experienced this as well when I was new in the market. I didn't know much and when I saw a coin going straight up, I thought I would enter and exit very quickly just taking a few hundred bucks in profit, but it started dropping as soon as I entered, and never went back up to where I bought.

I think this is general knowledge that is often talked about and about how a trader should know every point you mentioned.
but is it easy to implement them all? Of course not, there will be several points that you cannot fulfill, as humans no one is perfect and each person's job will be different. Have you (OP) implemented it yourself?
Because if you don't apply each of these points you are just saying nonsense because you don't act like you say.

Exactly 📌 but it quite hard most at times to adhere to your rules,it requires lot of discipline,mehnn when you see lot of money in the market, pressing issues..greed then steps in making one to over leverage and avoid the look of making trading a long term and permanent aspect of what one follow.
But I believe all this can be achieved if only we constantly and consistently follow it and appreciate every moves in our trading journey.
Discipline and Trust in our analysis helps alot

Anyone going into crypto should have it in the back of their mind that they might not start making money immediately after they start it will take some amount of time to start making from it. and you even need to have learned well before anything like profit will come your way then when you master that skill you can do things in Bitcoin without being scared any longer, and that is one of the similarities that Bitcoin has with gambling they both need a mind to be able to carry out some stubborn and rugged decisions. and Leverage is a good risk management measure that a lot of people fail to use when they are trading, sometimes that greed is important because it might just push you to your luck but people are always scared and I don't blame them. and trading is not much of a risk especially even if you follow little instruction given by your coach then you won't lose much since you can adjust whatever amount you want to use to trade.

Yes, I agree with that as learning the basics is not enough to become successful. To face losses and commit mistakes is a real experience that all traders have encountered and this gives us more learnings which involves controlling our emotions, mindsets, and testing our determination. Indeed, it was not a guarantee that we could be profitable however, this would enlighten and give us an idea of why we should not take this trading easily but instead, take this as a serious job. Every single mistake that we make certainly incurs losses in return which we need to avoid or at least can be minimized. That is why it is not just knowing the first step but have to know deeper.

Emotional control is a very important for every trader. You can learn all the skills needed to trade and acquaint yourself with all the right information you need to trade effectively but, if  you cannot control your emotions, you can burn down your capital and be left with nothing.  Truly, the basic knowledge of trading is just not enough.

Our emotions can come to play in various ways, thereby making us make silly mistakes that affects us negatively. A trader can out of greed decide to over trade so as to maximise his profits. Over trading has not proven to be effective in all situations. A trader who can overcome greed has solved some of his problems.

In trading, losses are bound to occur. How we react when these losses come matters a lot. If we put in so much emotions when we lose, we should be concerned because it might trigger us to make more silly decisions just to recover our losses. Our emotions can be used in our favour or against us, we just need to apply the right emotions always.

From all what you have stated every trader needs to exhibit these characters to succeed in trading. Problem most traders normally have in trading is that, they feel they can do without a habit that is required in trading. Trading has rules and most of these has to do with habit that we must obey but most traders find it difficult to obey these rules and expect to get profit in trading. One of the most important habit you can't do without in trading is patience and this has really been a serious challenge for traders.

Many traders just want to make money very fast from trading, they lack understanding to know that trading is all about patience and when their no patience it is easy to lose all you have in trading, but their major concern is to make money . Patience is very important,  it is needed in learning,  it is also needed if you must make profit.  Trading is a skill that beginners needs to learn to understand every rules to get a better trade .

Before trading, he must understand what trading is. He should understand that trading is a means of making a man from rich to poor and from poor to rich. In trading you can either make a lot of profit or you can lose it all. So only trade what you can afford to lose. Because trading will never guarantee you guaranteed profit. And always trade with a good understanding, research the market and make sure then trading, that your chances of losing will be reduced a lot.

You are explaining it like it's gambling, but trading in its actual meaning is much different from gambling unless someone gambles with their money and invests it here and there without doing any research at all. I agree with you that someone who doesn't understand the market or any trading practices will barely be able to get any profit from trading, but the meaning will be different for someone who enters the market only when they know everything.
A person should invest what they can afford to lose only if they are investing in coins or tokens that they know nothing about or are taking a risk, like there are meme coins, where you know that there is no guarantee that you will get something in return for your investment, you will either get a lot of profit or get nothing, but I wouldn't consider that trading, it's just like gambling

Trading is not an easy thing at all. But if you follow the right tips and tricks, it becomes easy to pro on trading. For start trading, you must first learn how to analyze the market, like the technical analysis and the fundamentals analysis.
Be tolerant and patient.  A small gain should be satisfied, not greedy.  If the market conditions are bad, you should refrain from trading. The number of people who do not face loss in trading 5 is less so if they lose they cannot be broken.  If you are a beginner, you should not invest much at first.

Before trading have knowledge with trading its self, beside with patience and controlling emotion we must understand well with strategies or way how to get consistency profitable in trading. Minimalize with risk is very important in trading, after researching with coins have to invest and we need to prepare some thing unpredictable from coins want to buy getting stop losses feature. In trading beside have target earn much profitable we must have planning to reduce loss and don't scared for stop loss its required.
Most important have to research and analyze market condition early have in support price or still potential with coins want to buy will drop lower price.

The right tips can help you get started but that is really it, you are competing against trading firms, whales, market manipulators and expert traders which trade on their own, and all of those people would not invest the time and money they do to an activity that could be mastered that easily, so anyone that is serious about making money on the markets needs to think about trading as just another profession, since only those that have that mindset have any chance to become successful.

All the points you’ve highlighted are good points that need to be taken into caution while in trading. I have experienced that trading requires continuous learning and perfection. You will have to sacrifice your good time, if possible keep sleepless nights in order just to become good at it. The key to success is perfection and having a strategy that works best for you. The day you’re able to unlock that potential in you, you’ll become a profitable trader and congratulations will never seize to keep coming to you always. Trading requires patient to learn and within that period, going for extra time to learn how to control your emotions to the reaction of the market is very important as that will determine the level of confidence you’ll have when placing trade after you’ve done your analysis.

The purpose of the analysis is to find out when is the right time to make an entry and determine when is the right time to sell it again. Trading without risk is impossible - but traders can minimize risk as long as they have a good strategy to implement.

I only remember one thing - DCA on any trade is a good strategy. You should never spend your entire budget on a single trade without a reserve budget - you will lose the opportunity to accumulate which will ultimately result in you having to wait for the price to recover. So - analysis and strategy are equally important in trading, both will make you make profits even though there is a risk of loss.

Trading itself is risky, so if you add leverage into trading, that will make it even more risky. That makes some traders never end up with profitable trades since they don’t trade the easier way but it makes it more complicated instead with trading with leverage. Although some may gained promising profits using leverage, but majority are still unfortunate and could not manage well leverage in trading.

The only goal in trading is profits, so if you think you are already seeing potential profits when you are trading, regardless of its amount, just settle on it, don’t pressure yourself by following the trend in leverage trading. We really don’t know if they are actually gaining real profits from it.

Time is important but it's hard to time the market accurately. We usually are late against the market and don't join around bottom but after bottom is confirmed and price already rallies a lot from bottom. We usually hesitate to take profit around peaks and when we decide to take profit, price already drop too much from peaks.

DCA is good but I see it is more related to investment. DCA for investment is more helpful than DCA for trading. Trading is for short term and investment is for long term. So DCA requires long term accumulation and plan for it, so this strategy matches with investment than trading.

Touching leverages is a start of nightmare in trading. Because traders can not make accurate technical analyses and decisions to open their positions, nightmare starts from bad decisions and hesitation to close bad positions even with draw or a little bit loss.

Letting bad positions open with time, a trader will not have good sleep and nightmare, forced liquidations can come anytime.

Everything you've said OP are the vital things to learn. Unfortunately, can't forced everyone to do this and take this seriously as they don't feel yet the hardships until they will found it how difficult it was when suffering losses.

We've see a lot of newbies are trading and thinking that they could earn easily even without knowledge but the results blown out their mind and realized their mistakes from ignoring these things.

Trading is not just money but in order to succeed, we also need to deal our emotions and greed as these are the common reasons why many traders fails.

Those newbies believe the lies told by influencers, so in a way I can understand the source of their mistaken beliefs and confusion once they get to know the truth, however they should have known better anyway, because once you think about the markets as a competition in which you are trying to best your opponents with your skills, it becomes clear that the only way to do this is by being better than most traders out there, and this by definition cannot be easy at all.

OP all the trading strategies you have mentioned here if a trader follows all these trading strategies and trades then he will be successful in trading. Among all your trading strategies you need to control greed and emotions. Those who can control greed and emotions are most likely to be more successful on the trading platform. Because greed and passion harm a person the most. So I advise all traders to control this greed and emotion.

The question is, do you really want to be a crypto trader or not? Second, you must know what kind of trader you are. Are you a short-term or long-term trader? Third, always start with the basics. Because everyone who became an expert started with the basics.

You actually have a lot to consider when starting here in the field of crypto trading. You must expect that it is not an easy lesson; you must have perseverance, determination, dedication, and above all, passion, and when you have all of the above, it is not unlikely that you will eventually achieve what you seek to earn good money here in the future.

Agree on this one..

When it comes to career choice then you would really be basically be trying out to know about the basics on which it would really be that normal that you would really be needing up to learn up with those things
first and on the time that you would be having those kind of learning then applying it out into that actual situation and the other learnings could really be learnt out along the way on which
into those things that been mentioned above on which it is really that mostly talking about emotion handling and control and other correlated things.

You would really be able to know on the things that you would really be able to know on the  time that you are really engaging to it. The experience you do aim and gain
will surely be that something that will be helpful into your future trades.

Trading is very difficult but if you learn the right strategy you can trade in the right way.  If you want to trade first of all you have to learn to be patient.  Because the trading market is improving or declining.  No one can succeed in trading without patience.  Next you need to know about technical and fundamental analysis.  Because you will not know when to invest and when not to invest if you do not analyze the market properly.  Also investing in alt coin and meme coin should be satisfied with low profit.  In this case, there is a possibility of losing everything in the hope of making a lot of profit.  You should invest by understanding the market. If the market is bad, you should refrain from investing.

Trading has a lot of strategy to succeed and different majors, all what a newly trader need to know is learning the basics terms of trade and follow those steps. All what you mentioned are part of the majors and the common one is patience, without exhibiting patience when trading you might end up quitting so early. I believe every successful trader today sacrificed a lot so newly traders should always have this mindset of learning.

I don't really agree with this. Trading ain't no walk in the park, that's for sure.  It takes some serious patience and grit to make it in this game.  Sure, you gotta learn the basics and follow the steps, but it ain't as easy as just dodging some horns in a rodeo.  Cutting through the noise and hype new traders need a good dose of reality before jumping in and  i mean, you can read all the books and watch all the YouTube gurus, but that dont make you wise.  You gotta take it slow, start small and think long-term if you wanna stand a chance.  Respect the beast, control your emotions, and keep expectations real - that's my advice to any greenhorn looking to saddle up on Wall Street.  Ain't nothing easy about it, but with some wisdom and patience you just might make it out the other side.

The most important factor is missing, as everyone wants to become rich through trading but they don't have patience and in hurry they end up taking wrong decisions thus losing it and lack of patience is the key reason why we have only few successful traders. Apart from patience the traders needs to test their strategies with previous month's datas and then choose the winning strategy.

Because it was a different situation in actual than those tutorial videos we see and books we read. Perhaps, we have seen some traders become successful but these people can't make someone become like them because of some differences --decision-making, market analysis, and individual behavior. Knowing the basics is just a stepping stone of knowing more about trading and about the market. And it only just means that it was not enough to be on top and reach our goal. What we have to do is to grind more, spend more in knowing the market, find effective strategies and the last one is having self-confidence. Doing this won't be done in weeks, it can be several months of experience or even years. Yes, it needs patience...

Doing trading is not easy; it takes time to set aside for it; there are no shortcuts; everyone has to go through the basics first. And there is no need to hurry, because the capital you will use for trading here in cryptocurrency or bitcoin may be ignored immediately.

Just don't give up; continue what you started here in the crypto space. I also studied it for several months, and I did not immediately understand and get the meaning of studying it here in the field of trading in the crypto business.

Trading is not for everyone I think trading is like gambling with a very cold brain.Those who are not patient should stay away from trading as much as possible. Most of the times newbies make mistakes in trading without having any idea about trading and all the money involved.Missing.Trading is not as easy as everyone thinks, so we need to trade with right decision at right time without making any wrong decision.

I don't see the risk management from the list.
For me, having risk management is one of the most important when you do trading. Having risk management will help you to manage your capital, and will help you to maximize your profits while minimizing your losses.

And also the capital preservation because the more you stay longer in the market, the more trades you can do then the more profits you can generate.

There are shortcuts in trading, you can give your money to someone to trade and give you profis, it works for some individuals as they make money without much efforts but this shortcut doesn't work for others because they might have being deceived by a scammer or the person they gave the money was lying and doesn't have a good trading record to give you profits always. You can also use signals channels too to receive trading signals and make profits without analyzing the market yourself and it saves you alot of time if you're an occasional traders but you won't be getting any experience and you cannot be certain that the trading signals are correct and they'll make you profits therefore shortcuts aren't good ways of trading but learning how to trade individually is the best.

This "short cut" does not in anyway guarantee success at the end. It's just like providing capital for others to do business on your behalf. This method reliefs the person providing the capital the stress of trading by himself but when losses come, he will still feel the impact. I do not see this as a trading shortcuts because the trader who is actually doing the job still has to show high level of competence to be able to arrive at a profit. No matter the strategy a trader intends to use inorder to lessen his burden and emotional stress, a good knowledge of professional skills is needed to trade effectively. Shortcuts are not reliable, rather they will generate more losses than profits 

You have really mentioned good point I would like to explain each of them well, Let's talk about patience so if the trader does not have patience he/she has to face some bad impacts on his/her trading journey. Traders should have patience. Leverage... I do not like trading in leverage because it has a very high risk to the trader funds it is just like gambling, i also avoid leverage trading due to some of my personal preferences. that is why I would not like to share any opinion over this. hmm 3rd one is also good point. A trader should have control over his/her emotions many trader starts to make some impulsive decisions being greedy so traders should have control over his/her emotions.

besides this Technical analysis and fundamental analysis are important as it can help you to predict the market condition but the market does not always work on these fundamentals because the market sometimes moves so unexpectedly. Your last point sounds like Do your own research which every trader should do before following any other traders signal we should not depend solely on other traders signals we should learn to do our own research which may help us to reduce the risk on the trades.

Understanding the fundamentals analysis is very important to us as trader so that we can make fast profits from the market.
Discipline is another tool that can help us to make money from the market through trading and doing other necessities things that are important in the market. Ifnwe want to keep making money from the market, we need to prepare well so that we can make good moe y from trading and others things we could keep doing to make money from the market.

That is where a lot of people are missing it, they do not want to learn but they want to make money from trading, exactly you can not force anyone from learning it is supposed to be free will, and since they picked interest personally I still wonder when it gets to learning they don't look serious and they start giving excuses and when they start losing money they will start blaming people and the first thing you do when you want to introduce somebody to gambling it is better to tell them the risk behind trading. and crypto in general.

from the good side of crypto, it looks interesting but when it comes to the real deal people will start bailing out and they want to make money, I see how some newbies behave towards their interest in crypto, and I will just be smiling some will even tell you that they will buy this buy that from their profit and so on, I just look and smile because if they continue in crypto am sure their mindset will change and even if they make profits they will still want to reinvest, you will want your invest to increase and not to reduce instead of spending what you are getting from there.

Trading is not like chasing profits and a get rich quick, it certainly follows a long process and if you’re weak, you’ll never manage to overcome the risks but if you’re strong and confident enough, you will win your trades despite of the highly unfavorable market condition. So take your time to learn as there’s no shortcuts to success. While trading can make you instant rich in the process, it can also leave you pocket empty and homeless if you are not patient but chose to be always greedy to find profits despite of how volatile and unpredictable the market is.

Tips are given already by old and expert traders, what we just need is to make some effort to follow what they say. I'm sure was not hard to do it if we aim to become like them or even better. Unfortunately, what happened now is most new traders want instant learning and profit. What is in there is that once they learn to trade today they will expect they become experts tomorrow.

There are misconceptions in trading that these newbies must correct what is in their minds. They have to stop assuming that trading is easy but rather they think it is hard and need to exert effort to learn trading in general in order to succeed.

I believe these traders have only gained misconceptions on trading when they start believing these social media trading influencers. Whatever they say, they prefer to believe because these self-acclaimed successful traders have always made sure to deceive these newbies for their own personal interest. This is the reason why most newbies experience consistent losses in trading, and I think that’s quite good for them so they will learn their lesson and not to put their trading success on what other people’s say. They just have to trust no one but only theirselves.

When we learn about trading from influencers on social media, of course this is very risky for the trading that we do and they could provide an understanding that is not based on the experience they have and it could be that they only have little knowledge and have never been successful in the trading they do. because they only think about their own profits from the number of views on their social media.

Every beginner of course has to find someone they can trust and who has experience in trading so they can learn from and see their experience, because if they learn from people they don't know they might be fooled and will never be able to learn about trading properly.

It is not bad or not good to learn from them. Sometimes they have something you can learn but everyone must have ability to filter information, double check it with other sources and decide what to learn.

It's not completely true that all information shared by influencers are wrong but if a newbie does not have proactively learning skills, they will be led by influencers and sometimes with incorrect knowledge.

Learn about trading
Awesome crypto trading (https://github.com/SpiralDevelopment/Awesome-Crypto-Trading).
Awesome systematic trading (https://github.com/wangzhe3224/awesome-systematic-trading).

Am not much of a trader, but I do some occasional swapping between coins, with withdrawal or deposit or funding a wallet.
If there's one thing I have come to know that's imperative for one to be successful at trading, it is that there are times in the day when the market changes direction, it must be noted. These times often come with changes in network fees, changes in price pattern and congestion of network.
A trader must know at which time of the day is best to trade their coins, when it's best time to enter the market and when to exit as well as when new developments and innovative tools are created and the tech know how.

First of all I think you must acquire enough knowledge about this subject to start trading. There is a lot to know about the crypto currency market in particular. How does it actually work? In what process does it work? Knowing the details about it will make trading much easier for you. Then I think the most important thing for you to trade is if you have someone around you who has already made a lot of profit from trading and also has an experienced person around. Then you can master it very easily And then you need patience in trading. Because in this you will face many tests. It could be a market downtrend that will leave you quite depressed. But if you stick to the right strategy and be consistent, as well as be patient, you can hopefully become a successful trader in the future.

Hmm, the hype and fake marketing done by these options trading so-called apps and other platforms created this entire mess by just making the tag lines, trade from, home earn in taps and blah blah they are doing spam by themselves and putting shit in minds of regular users.

TBH anyone can make money in any position once or twice but when it comes to trade things are not as simple as they look there are just two buttons, Buy & Seel but these buttons decides the destiny of your entire portfolio. Buttons are the same for everyone but the decision-making and the entire story behind those clicks are different which I call the trade analysis approach.

The biggest mistake in trading is that inexperienced traders start trading by following influencers. Influencers always put their business first, it doesn't hurt them if someone trades and loses money after watching their videos. Because they are always profitable for their purposes. A trader can be successful only when he gains proper experience in trading and uses his own knowledge to trade. But new traders look for various shortcut ways in the hope of making quick profits. But how harmful it is for them only realizes after losing money in the market. Being a successful trader is impossible without gaining proper experience in trading, there is no short cut way to become a profitable trader.

Noting of the changes that there's always a situation that we have to deal with it.

The fees, etc. are normal but the trends as well that a trader needs to remember must be there too. It's not guaranteed that everyone will make a profit in the market upon doing trades.

It's not enough that you are knowledgeable but you also need to make good decisions on how you're going to deal with it then afterwards. Selling, buying, holding, these terms seem to be easy but hard to make calls once you are there.

When it comes to trading, there’s no one you can trust but only yourself. Crypto influencers are just there to guide or assist us, but we can’t expect that what works for them may also work for us. In fact, we aren’t even sure if they’re actually successful and profitable traders, or just great pretenders in order to gain million views and subscribers.

Once you decide to trade, ensure first that you are not just knowledgeable but skilled on your craft as well. Trading is risky and there will be more losses than winning in the market, so if you want to trade, learn first how to avoid those losses in order to maximize your profits.

What is interesting is that those traders that try to find shortcuts to become profitable traders are often the ones that take the most time to reach their goal, supposing they were to ever reach it, however the ones that from the beginning understood that trading was not going to be easy and that it will require a great deal of effort for them to become profitable, are ironically the ones that can reach their goal the fastest, as they often ignore completely the advice given by influencers.

     Not everyone who is interested in Bitcoin or cryptocurrency and wants to become a trader is called for it. I have many acquaintances who are interested in it, and almost all of them who tried acquaintances also didn't last long.

     Their motives and intentions are also different, so they didn't stay long with me doing this. So in the end, the one left here is me because I understood what I entered and chose. The others just say that they are interested in becoming traders here in the crypto space because they think that trading is easy to learn and that after that they will make money immediately. Well,  their thinking and expectations are wrong, so the result is that they will lose their appetite in the end.

A trader must understand the risks they are willing to take and how to keep their capital intact, as well as having self-control, which means being patient, not losing hope by losses when they occur, making sound decisions before entering the market, and being disciplined.

To be successful in the crypto market one must have enough knowledge about the crypto market. Therefore, if they want to achieve success, they must acquire enough knowledge about the crypto market. Investment patience is very important in the crypto market. Many people become impatient. To invest in the crypto market, you must have patience. You must have a long-term investment plan. Invest after checking the market. Investing in the crypto market will lead to success.

Yeah. A trader must always believe in himself, it is not possible to become a profitable trader by depending on others. Influencers often receive money from various projects to promote that particular project and random analysis to give buy signals to viewers, so it's important to be careful when following influencers. And it's important to have knowledge about trading so that you don't get exposed to losses by trading on random signals given by influencers.


Shortcuts are always dangerous, but an inexperienced trader needs to spend a lot of time and lose a lot of money to understand its dangers. So a trader must always spend time on education, avoid random trading to become a profitable trader. At some point everyone realizes their mistake and starts spending time on learning, but that's after wasting a lot of valuable time and money.

I do recommend only professional traders to trade futures alone, if you are a newbie or still learning, then stay away from futures trading. Future trading can easily wreck you, so avoid it, and if you are going into future trading, make sure you use low leverage, and make sure you don’t enter a trade with all the money you are having in your account, to extend your liquidation price. But if you are a newbie, stay away from future trading, don’t be pushed by high reward in future trading, your chances of you losing money is high.

What if you are no longer making a good profit with the strategy you are using? Are you still supposed to stick to it? If you are trading and the strategy you are using is not really working well for you, then you should upgrade or change your strategy. You can’t keep on using a strategy forever, so there is room to change your strategy.

Trading is not for everyone Actually, you may lose all you have within a blink of an eye because of overconfidence on ground. So you should know that Trading is just like gambling. You can go home and Hand me why you have some dollars that is how it’s also is so if actually, you really want to go into trading, you have to take a profile precaution take note of the kind of Trading, you about to do take note of the market, and the habits of learning listening. A lot of people can easily call themselves traders that they trade very well and the symptoms serve very good in Trading. That is actually how the presents them self to you. I am saying this because we only have a few perfect traders out there. so even if you are taking precautions and preparing yourself for Trading, he also have to learn from a good mentor not just a random person giving you an advice or giving you a trading guidelines. Yes this is always necessary but the question is are you getting it from a right source because it is needed as a beginner So these are what three must know and have to keep this rules to avoid money, loss or waste of time for successful project thank you.

A trader should also understand that they need to take calculated risks if they don't want to disturb their trading activities because of excessive losses. When you don't take calculated risks, invest money in every cryptocurrency you see just because you have a gut feeling that it might provide great profits, you will most probably lose a lot of money and that isn't good for your trading career.
Mostly, newbie traders make the mistake of investing in either new or hyped cryptocurrencies without doing any research which makes them lose money and then they become disheartened and stop trading due to the losses. So they need to make sure that they do their research before they get into any investment.

There are many things that a trader can improve on, but there are some that must be followed, like patience, emotion control, and discipline. Also some people say a bad plan is better than having no plan so for a trader he must have strategies for how he will run the trader and how he will manage the risk so that he can get high rewards while at the same time minimizing the risk ratio. This requires experience and knowledge about the market which many fail to achieve.

Knowledge comes only if you use your mind to understand how market works. We can never get knowledge if we keep on running after people for ideas like following signalling groups. It doesn't matter whether you are winning or losing unless you are getting key fundamentals of market. Almost all of us lost money in the start but that loss gives us valuable lessons that help us in moving forward. If you are new to market then spend time in understanding it and build you knowledge bank.

Yes that's right. every trader must have discipline that must be carried out as you have explained, every trader must have a goal or strategy in trading, so that we know when we enter the market and when we leave the market. As a result, we as traders are not confused later, and are not easily trapped in the market and self-confidence is very important. Apart from that, we must also have a complete trading strategy, starting from analysis techniques, money management and risk management.

Another important thing is not to underestimate the psychological aspect of trading. Because uncontrolled emotions can derail our trading. Moreover, the emotions of greed and fear greatly influence success in trading. There are many examples of beginners in trading who initially made a profit but ended up falling apart because of emotional factors.

I disagree, better not do trading anymore if you have this stuff - bad plan as it was just the same as having no plan.
In trading, you should have a concrete and positive plan because that will serve you as a guide. If we only have a bad plan, how can be motivated and patient?

Indeed, to become a successful trader must also have positivity in mind. Trade must be physically and mentally ready for the outcomes of their trader and never give up easily because of suffering minor losses but try to look for a way how to improve.

Traders must comprehend the necessity of risk management; without a strong understanding of how to manage risk, it is possible to lose money quickly. Traders should also be aware of their risk tolerance, or the amount of money they are willing to lose on a given deal. They should also stop or take a break if they are losing, exit or know when to take profits, and always trade within their limits. Traders should be conscious of the emotional components of trading and strive to remain calm and reasonable under pressure. It is also crucial to know when to start, whether it is listening, staying current and up to date, or comprehending technical research.