Characteristic of trader

[Question123]

This thread is very useful to all trader and ofcoarse to the newbie in trading.  Because they can know what they need characteristics if they start trader.  For me the first characteristics to be learn in newbie is PATIENCE because if you have that you can wait the price to increade and after that for sure you can make profit.  Don't be greedy because sometimes being greedy the result is bad . So if you think the profit is enough it is okay.

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[Vaculin]

Overall a trader should be smart to be able to do the right strategy to be successful.
The reality is that there are a lot of trials along the way and especially if you are new you tend to make a wrong decision as inside you,
you haven't build the right confidence yet, but eventually if you stay positive you will definitely improve.

[lablab03]

Nice thread,  its a big help to those who don't have enough  information how to prevent loses in doing trading , and also all things that required to be a good trader is attached already this thread . Good time to add some strategy and also this is good to those newbie who lack of information and want to enter in trading.  

[Kigwa143]

The characteristic of a trader should be resourceful.We should be able to search for a good potential token to invest so that we can be able to assure a 100% income and also you should be patient as well because trading is really good for long term investment so dont do rush selling if you dont want to loss a huge amount of your money.Be wise as well.

[ngacengan]

everything you mentioned is true and all this has a solution and there is one key where you can control all these keys is patience, no matter how they trade and what character is just one solution, patience.

[layoutph]

Trading is like a molding machine. If you are impatient, it will teach you how to hold and become patient. Trading also teach you how to become contented and not greedy. Personally it teaches me not to become greedy, and not to chase pumps. Trading teach me to become patient and to wait for the good spot where to ride the trade.

[traderethereum]

One thing I've noticed as a trader - There is no better feeling than finding an amazing coin that not many people know about. It's like you can smell the profit, and it is addicting

Hahahaha yes this happens. And I suppose this must had happened with all those lucky persons of 2010 or around who came to know about bitcoins and they smelt the good profits out of it. Those people are seriously so amazing who had taken bitcoins in their accounts at that starting time. And now they’re playing in hundred thousands of dollars by trading and holding and investing.

but for new people, they can do this too with learning on the exchanges by doing analyze the price. every people starts from zero and if we can learn like those people, I think the other people could make a big profit too

I will underline about don't too greedy to determine the profit because we can miss everything including about the profit that we want. it is better to know when to go out from the coins with some good profit than missed the right time to sell.

[whirlcoin]

One more point to that,he need to be a decision maker while comes to pick the trades because we need to pick the roght trades to earn more and he doesn't have to care about the rest.

[Kambal2000]

Aside from those given above, another most of important factor in trading is to have a:

- WISDOM - seeking always a new knowledge and to be able to gain from it, you must be ready all the time to adapt new things, ideas and strategies, willingness to learn should always apply in our life.

- DISCIPLINE - don't be too excited for everything especially when it is our first time to do trading as the excitement could lead to frustration if its too much.

- PATIENCE -  It should always inside our pocket to bring patience in everything we do especially in trading, as an investor we should be patiently wait for the right opportunity, whenever we see price goes down stay calm under the pressure do not panic and just always focus on your goal not on the current price.

- MAKE YOUR OWN PLAN - After studying a lot of things, set your goals and make some ways /techniques/strategies on how you are going to do it,
if you want to have a career in trading make sure to devote yourself and make decisions on your own and not to be influenced by other people especially peer pressure. Be responsible enough in your choices and live with it.

Good luck.

[Layonk]

   I will add a few important rules:
- Do not work with borrowed money.
- There is no high price to start purchases, there is no low price to start sales.
- "The biggest enemy is nerves." Control emotions. Discipline and patience!
- Before entering the market, decide how much you are willing to lose. If you do not decide, do not go in; you will definitely lose everything.
- You should not trade. You must manage the risks.

Good addition from you,
One of important thing that i like is dont trade with borrowed money because it can make our psichology down.
Before trading we have lossed because we dont afford the money to loss. Start with smaller money that we can afford is better than big borrowed money.

[milewilda]

One thing I've noticed as a trader - There is no better feeling than finding an amazing coin that not many people know about. It's like you can smell the profit, and it is addicting

Hahahaha yes this happens. And I suppose this must had happened with all those lucky persons of 2010 or around who came to know about bitcoins and they smelt the good profits out of it. Those people are seriously so amazing who had taken bitcoins in their accounts at that starting time. And now they’re playing in hundred thousands of dollars by trading and holding and investing.

but for new people, they can do this too with learning on the exchanges by doing analyze the price. every people starts from zero and if we can learn like those people, I think the other people could make a big profit too

I will underline about don't too greedy to determine the profit because we can miss everything including about the profit that we want. it is better to know when to go out from the coins with some good profit than missed the right time to sell.

Too Greedy and too much confident would really put you on nowhere here on trading field. Assumptions on getting rich or making huge profits is there while we are holding a coin but yet these kind of decisions would really like a gamble since we wont know if that coin will continue further or not and there were only two possible results either missing out the profits or getting caught by a dump.

[Oceat]

In the trading field it is always risky and unexpected so you should prepare your weapon and bullets before you enter the battle. If you have less knowledge and experience of trading it is likely you will get burn easily, so it should better if you learn more about of trading and that list of OP is one of most example before we enter into trading.

[MCVXYZ]

Hello everyone
I am newbie here in cryptocurrency trading so i can feel what newbie feel when they start trading.
As newbie, one thing we have to do is learning. Learning can be from any source for example this forum, google, youtube or maybe private with expert. You can choose betwen those source to learn how to start trading so of course we do it to get skill which we can use to trade. Skill is very important but there are other thing such characteristic that we can not learn so easy from those source.

1. Greedy
Greedy is first characteristic that can make us ending in loss. If we trade without profit target, this greedy can kill your profit. Try to make target for your trade for example 50% or 100% from your capital in long term or 5% in short term. Sell your asset after touching the target, if not the price maybe go back to bearish.

2. Patience
This is specially very important for long term trader. Dont ever sell your coin in the bottom of buying price. We should be patient waiting the price return back to bullish.

3. Panic
Panic can be solved by choosing the right coin. Becasue if we choose the shit coin then we will sell it in panic if the price goes down rapidly. So panic also very dangerous for our asset value.

4. Confident
Confident is needed when we try to pick the right coin. Without confident, we can miss the big chance of the profit because waiting too long to execute. But please dont over confident.

5. Doubt
Dont ever doubt if you think that is the good coin, just do fast reaction to make good profit. This doubt can be solved by doing good research before picking the coin.

I think all trader have noticed those above characteristic but thats special for newbie like me and other newbie.
I am not expert so i can not explain it well and i hope any expert can correct and add others if i miss it.
I hope it can be usefull for newbie.

Additionally I want to say that you are not alone in trading,First of all you need to understand market psychology,There are a lot Market Moviers and you must predict their steps.Read more about 'macd',technical analysis and don't make decisions emotionally.And the main factor,don't panic because inflation is a phenomenon that everyone experiences, at least, once in life.but you must define what is the boundary between inflation and deflation for you and don't think about that you will win millions in several days,Just try to creat stable portfolio with 2-4% income in month.

[Pesona1]

Hello everyone
I am newbie here in cryptocurrency trading so i can feel what newbie feel when they start trading.
As newbie, one thing we have to do is learning. Learning can be from any source for example this forum, google, youtube or maybe private with expert. You can choose betwen those source to learn how to start trading so of course we do it to get skill which we can use to trade. Skill is very important but there are other thing such characteristic that we can not learn so easy from those source.

1. Greedy
Greedy is first characteristic that can make us ending in loss. If we trade without profit target, this greedy can kill your profit. Try to make target for your trade for example 50% or 100% from your capital in long term or 5% in short term. Sell your asset after touching the target, if not the price maybe go back to bearish.

2. Patience
This is specially very important for long term trader. Dont ever sell your coin in the bottom of buying price. We should be patient waiting the price return back to bullish.

3. Panic
Panic can be solved by choosing the right coin. Becasue if we choose the shit coin then we will sell it in panic if the price goes down rapidly. So panic also very dangerous for our asset value.

4. Confident
Confident is needed when we try to pick the right coin. Without confident, we can miss the big chance of the profit because waiting too long to execute. But please dont over confident.

5. Doubt
Dont ever doubt if you think that is the good coin, just do fast reaction to make good profit. This doubt can be solved by doing good research before picking the coin.

I think all trader have noticed those above characteristic but thats special for newbie like me and other newbie.
I am not expert so i can not explain it well and i hope any expert can correct and add others if i miss it.
I hope it can be usefull for newbie.

I think we should be able to understand some characteristics of traders when we will become a trader, doubtless character and greed is not good because it will only produce a minimal profit. we need to focus and be confident to become a trader because our work is not only about money but also about the best sales and the highest profit.

[DanielRR1997]

I always follow these two rules so as not to lose a lot of money:

1- The more money there is in the account, the easier it is to trade. If you lose $10 when you have $1,000 in your account, you will not be particularly upset and will continue as planned. But if there is only $50 in your account, this could be unsettling and lead to mistakes and loss of the entire account. Not to mention the fact that in the first case there are 100 attempts to correct the situation, and in the second - only 4. It's simple arithmetic

2-Determine your maximum losses per day. For example, 15% of your capital. Once you reach the limit, stop trading no matter how "tasty" the situation on the market seems. Even if you think you see the trade of the century! Such premonitions are really mirages.

[yanto@1977]

Hello everyone
I am newbie here in cryptocurrency trading so i can feel what newbie feel when they start trading.
As newbie, one thing we have to do is learning. Learning can be from any source for example this forum, google, youtube or maybe private with expert. You can choose betwen those source to learn how to start trading so of course we do it to get skill which we can use to trade. Skill is very important but there are other thing such characteristic that we can not learn so easy from those source.

1. Greedy
Greedy is first characteristic that can make us ending in loss. If we trade without profit target, this greedy can kill your profit. Try to make target for your trade for example 50% or 100% from your capital in long term or 5% in short term. Sell your asset after touching the target, if not the price maybe go back to bearish.

2. Patience
This is specially very important for long term trader. Dont ever sell your coin in the bottom of buying price. We should be patient waiting the price return back to bullish.

3. Panic
Panic can be solved by choosing the right coin. Becasue if we choose the shit coin then we will sell it in panic if the price goes down rapidly. So panic also very dangerous for our asset value.

4. Confident
Confident is needed when we try to pick the right coin. Without confident, we can miss the big chance of the profit because waiting too long to execute. But please dont over confident.

5. Doubt
Dont ever doubt if you think that is the good coin, just do fast reaction to make good profit. This doubt can be solved by doing good research before picking the coin.

I think all trader have noticed those above characteristic but thats special for newbie like me and other newbie.
I am not expert so i can not explain it well and i hope any expert can correct and add others if i miss it.
I hope it can be usefull for newbie.

It's very helpful, one more knowledge for people like who who still learn about trading. I have different opinion, for me, we can say greedy, panic, doubt is just we can't control our emotion. Your post is look's like human nature, always been there and will never gone. If we can control our emotion I believe your list will never happen, meaning we have disciplines and focus to grow up capital not for make profit. Thank you for post.

[Manchumichael]

Hello everyone
I am newbie here in cryptocurrency trading so i can feel what newbie feel when they start trading.
As newbie, one thing we have to do is learning. Learning can be from any source for example this forum, google, youtube or maybe private with expert. You can choose betwen those source to learn how to start trading so of course we do it to get skill which we can use to trade. Skill is very important but there are other thing such characteristic that we can not learn so easy from those source.

1. Greedy
Greedy is first characteristic that can make us ending in loss. If we trade without profit target, this greedy can kill your profit. Try to make target for your trade for example 50% or 100% from your capital in long term or 5% in short term. Sell your asset after touching the target, if not the price maybe go back to bearish.

2. Patience
This is specially very important for long term trader. Dont ever sell your coin in the bottom of buying price. We should be patient waiting the price return back to bullish.

3. Panic
Panic can be solved by choosing the right coin. Becasue if we choose the shit coin then we will sell it in panic if the price goes down rapidly. So panic also very dangerous for our asset value.

4. Confident
Confident is needed when we try to pick the right coin. Without confident, we can miss the big chance of the profit because waiting too long to execute. But please dont over confident.

5. Doubt
Dont ever doubt if you think that is the good coin, just do fast reaction to make good profit. This doubt can be solved by doing good research before picking the coin.

I think all trader have noticed those above characteristic but thats special for newbie like me and other newbie.
I am not expert so i can not explain it well and i hope any expert can correct and add others if i miss it.
I hope it can be usefull for newbie.

I think we should be able to understand some characteristics of traders when we will become a trader, doubtless character and greed is not good because it will only produce a minimal profit. we need to focus and be confident to become a trader because our work is not only about money but also about the best sales and the highest profit.

According to me, the second point is more powerful and very helpful for traders.
Patience: If you have patience then automatically rest of the points you will follow. Patience will reduce your greediness, and it will not let you do any panic sell or buy and if you want to buy any coins you will do a lot of research and suppose if your coins price come down you will not lose your confidence.

[Svelto]

IMO, a trader should at least be rational in order to keep a clear mind when trading. It is so to not make any reckless trades when market is not in their favour.

[posi]

Overall a trader should be smart to be able to do the right strategy to be successful.
The reality is that there are a lot of trials along the way and especially if you are new you tend to make a wrong decision as inside you,
you haven't build the right confidence yet, but eventually if you stay positive you will definitely improve.

You're totally correct mate because everything about crypto base on time/season and if crypto trader is not greedy, patient,  not doubt,  confidence and not panic but not smart he/she won't the right decision at a pointing time and it will be like people are stealing his/her idea.

[pikebu]

Hello everyone
I am newbie here in cryptocurrency trading so i can feel what newbie feel when they start trading.
As newbie, one thing we have to do is learning. Learning can be from any source for example this forum, google, youtube or maybe private with expert. You can choose betwen those source to learn how to start trading so of course we do it to get skill which we can use to trade. Skill is very important but there are other thing such characteristic that we can not learn so easy from those source.

1. Greedy
Greedy is first characteristic that can make us ending in loss. If we trade without profit target, this greedy can kill your profit. Try to make target for your trade for example 50% or 100% from your capital in long term or 5% in short term. Sell your asset after touching the target, if not the price maybe go back to bearish.

2. Patience
This is specially very important for long term trader. Dont ever sell your coin in the bottom of buying price. We should be patient waiting the price return back to bullish.

3. Panic
Panic can be solved by choosing the right coin. Becasue if we choose the shit coin then we will sell it in panic if the price goes down rapidly. So panic also very dangerous for our asset value.

4. Confident
Confident is needed when we try to pick the right coin. Without confident, we can miss the big chance of the profit because waiting too long to execute. But please dont over confident.

5. Doubt
Dont ever doubt if you think that is the good coin, just do fast reaction to make good profit. This doubt can be solved by doing good research before picking the coin.

I think all trader have noticed those above characteristic but thats special for newbie like me and other newbie.
I am not expert so i can not explain it well and i hope any expert can correct and add others if i miss it.
I hope it can be usefull for newbie.

Well i think all of the characters above are available on all of the human, in trading activity we just need to taking control the emotions in trading depending on the trend of price in the markets, target of profit in trading activity and any other related with the trading until we to be sucessfull in trading and getting the active income profit from trading. In trading we need more control on our emotions, there are some people said that we need to know about the psycology of trading.