Characteristic of trader

[traderethereum]

When I was a newbie, I only feel losing patience, panic and doubt when everything is turning down. And I feel confidence and greed when everything is going up high. But as I gain more experience, I learned on when I will apply those things depending on the situation.

this is happening to me too but then I realize that I need to learn more about trading so I can reduce my chance to become panic and loss the profit. besides that, I learn that to become a holder is the best thing that will work for me and so far, I see that my investment is really good because the value still increases although the market is still going up and down in anytime. besides becoming of the holder, I still do trade in daily and weekly because I see that I can make another profit by doing trading and with the analysis techniques that I learned, I think I can earn a good profit.

[1715033062]

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[1715033062]

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[1715033062]

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[1715033062]

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[coffigayo]

If I think we traders should not be without using emotions when trading because if we lose our trades. In order for us to be a successful trader we must be confident enough in choosing our target market. We must also be the star of the situation that is not lost.

[Muwatti]

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.

Edit

Emotions :
The ability to rid yourself of all emotions and taking profit the moment the coin you invested increases in significant value before the coin gets dumped on you. This applies mostly to day traders.

Trading pattern :
Every good trader should recognize trading patterns especially for pump and dump coins which are usually always similar.

Thanks to kevoh

   I will add a few important rules:
- Do not work with borrowed money.
- "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.

I add this from kolega. Thanks

Yes i agree also to you And one more characteristic of trader is they easily carried away by their emotions... There are a lots of trader who panic easily because of the sudden changes in price they easily sell their coins because they fear that they will loss it chances...  But in the end they will realize that it is a rush decision and we all know tht making a rush decision can never help us...  But whatever happened always learn to accept and learn from your experience as well...

[richcorner100]

Before put money in to trading, firstly we should have trading plan to avoided and to minimize the risk from high volatility. Crypto price is very fluctuactif because in just aday the price can going up to 100 % but also can going down more than 50%. We should be set how many percentace of loss that we can take by use stop loss whenever buy  crypto.

[baricuri]

Traders should now be patient enough to make a profit, so that they can overcome this difficult period. To make a profit, hold the penny until the end of the year, maybe the market will recover and you will be more successful if you wait.

[deus030518]

Characteristic of Trader:

1. Optimistic Attitude
2. High Self-Esteem and Self-Worth
3. Sense of Internal Power
4. Balance Away From the Market

What I have mention is just what I experience in trading. You should have this different characteristic. 

[Saveplus]

Yes being patient is the traders need .We dont need to be panic when the price goes down ,panic is the traders do when he is impatient.Choosing a right coin for our investments even though its a long term ot short term.

[RakknRoll]

For the characteristics  of a trader is patience most of all then can builds a good relationship to others, can think critically and analytically and at the same time know the basic concept of handling this kind of business.

[112tigra112]

I can say that my characteristics is the patience and positiveness like optimist I am always trying to believe in the cryptocurrency which I am buying. I'm not selling if it is going down a little bit right away.

[Jombrangs]

The characteristics of the trader is hardworking, can work under the pressure and at the same time patience because everything in this business take times to be successful in this industry.

[racingboy]

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.

Agreed, but don't take greed literally, it is okay to be greedy but
it is only good if you have control over it. planning ahead is
very important, don't get depressed because you didn't manage
to sell at the peak of the breakout, just a fact only 7% approx
of the traders manages to sell at the peak, and maybe it
is because of luck.