Four Keys to Success

[Streamlink]

LOL that’s the truth. But that number one, don’t you think that if those gurus are able to convince people to HODL that price will go up or something, since it is being determined demand rate? Though I don’t trust all these so called gurus and professionals, I just rely on myself and do whatever my mind tells me most times. Many times I have tried to do as they said I ended up on a losing side, so I stopped taking their advice anymore. As for number 2, you’re right. I don’t really rely on all these tokens., I always protect my money and don’t joke with it. Things are not easy, it’s hard to make money so you shouldn’t be joking with it. That’s always my priority. And as for buying when it reaches the bottom, I do the same too. I will always till it falls to the lowest and when it seems like it’s starting to run up and people are rushing in, I also rush in and invest so I could make profit. These days I hardly lose, if I can remember, the last time I lost money was around 2015, never lost money again.

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[Roachgo04]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Nice post OP! These are solid advice for wannabe crypto investor or trader. I do believe in item number 1 where many of the newbie follow what others think will happen; these often results to huge loss in trade. Based on my experience you need to do your own strategy not based on others opinion.
I keep reading your post and I have concluded that if these will make your 4 cardinal rules in trading and investing then success will be yours.

[sujonali1819]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Yea I also agreed with you on your opinion and strategy. Really its very helpful to me and I will follow your strategy in my future trading.And obviously, I want to say that every trader should try to get about the market trends.

[worle1bm]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

I really appreciate the knowledge you have shared from your past experience which will help the new traders a lot but on the personal basis i also want to add that a good trader always know the next step in the market by forecasting and took decisions according to it so as to avoid losses.Have patience and always have courage to face losses and bear risk.Gain experience and knowledge as much as you can attain from your suurondings which will help you a lot.

[SHBlizzard]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Good post.  I would add one thing for sure, use all of the above and then follow your gut!
theres been quite a few times where I have either missed out on a good trade, or got burned but not following my gut.

Learn from your mistakes is another big one, and is actually really hard to do 

[budz0425]

Good post.  I would add one thing for sure, use all of the above and then follow your gut!
theres been quite a few times where I have either missed out on a good trade, or got burned but not following my gut.

Learn from your mistakes is another big one, and is actually really hard to do 

That is right, that is why we should start even at little amount, because although you already know those strategies if you don't act or start now then it would be useless so follow it until you will have your own strategy and can share and would be able to help people.

[cydrix]

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.   

Well yeah that is what campaigns stands for, making advertisement about someone's ICO can raise funds and ammass a good value in the process so simple and easy just go on the trend and invest some of your money and you'll get easy money from ICO in this 2018 trading is not an option for now.

[xIIImaL]

Good post.  I would add one thing for sure, use all of the above and then follow your gut!
theres been quite a few times where I have either missed out on a good trade, or got burned but not following my gut.

Learn from your mistakes is another big one, and is actually really hard to do 

That is right, that is why we should start even at little amount, because although you already know those strategies if you don't act or start now then it would be useless so follow it until you will have your own strategy and can share and would be able to help people.

Since the price of all the crypto currencies being cheap now. As you said this is the right time invest our fund. I am damn sure with in 3 months we may able to find the double the value what you have investing now.
So please check the price fluctuation on all the crypto currencies which are does not even needed for mining but the high potential in the market place circulation. Choose those kind of coins invest now.

[cryptolet]

The first key is to have the right people around you, have a right event of  being creative, keep a vigilant eye on your objectives and lastly recognise, reward and evaluates your results.

[jack8989]

The first key is to have the right people around you, have a right event of  being creative, keep a vigilant eye on your objectives and lastly recognise, reward and evaluates your results.

I think as some famous people said, the key to your success is your working hard or not.
Only 10% with your intelligent, 90% the rest will depend on your working hard .
Your career will be nothing if you're just lying there and thinking about some ideals without making it come true.
So let's work first then get the success later.

[mx667]

The first key is to have the right people around you, have a right event of  being creative, keep a vigilant eye on your objectives and lastly recognise, reward and evaluates your results. I think as some famous people said, the key to your success is your working hard or not.
Only 10% with your intelligent, 90% the rest will depend on your working hard. Your career will be nothing if you're just lying there and thinking about some ideals without making it come true. So let's work first then get the success later.

A goal without a plan is just a wish. If you have a goal or hope, but you do not know what to do to makes those dreams come true, then it will be useless. You must know your plan and start doing it. If you just want to success but do not know what to do, can you be a successful person ? Albert Einstein once said this: If you wish to make a different things but you always do the same things, that is called madness. You must do different things and try new things, but do not forget to focus on what you like to do and what you can do. Do not force yourself to do an impossible thing for you even though you do not like it.

[ice18]

Thank you for sharing your experienced and insights into trading world Im sure these words are useful enough to those who have failed in their trading careers and at least they can coup some ideas specially in # 3 statement "When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait." this statements are really true. 

[kodtycoon]

Waw, your has learned the trade well, I see in essence you have never influenced anyone who predicts the market, you make your own decisions and actions that make you a strong person I feel. Your lesson is very useful in my opinion and thank you for sharing it here.

[Hassan02]

Waw, your has learned the trade well, I see in essence you have never influenced anyone who predicts the market, you make your own decisions and actions that make you a strong person I feel. Your lesson is very useful in my opinion and thank you for sharing it here.

There is a lot to be done here specially you have been made some decision that you think would probably made you to be in a good condition for my opinion there is always a good essence of not to be listening to others opinion for what may probably might happen for.

[katarin2030]

Success not comes easily we have to earn that, so to get success need to follow some key points that includes Hard work, managing time, clever enough to understand the tricky situations and luck also plays a vital role to achieve success altogether we can taste the success.

[bearexin]

The above suggestion is very helpful to the Newbie who doesn't have much knowledge about the trading. Most of the people will follow you because you have represented everything how trader will face everything in his trading journey. I faced the same situation at the beginning of my trading.

I also think that 4 keys to success above is really useful for all of us ,especially for the one who is a new in this market. I wan to say thank you to you a lot. I find the key 1 really great,every of us shouldn’t believe in anyone when you are in crypto market because as far as you know that this is completely anonymous, it maybe have many scammers,therefore you’d better do not think that it helps you natuarally. From trading for last some years,I feel like more interested in this job, especially this is the job which helps us a lot in reliazing mistakes and also we have chance to fix it.

That is right, but although we are given already those facts if we cannot apply it in ourselves then it is useless. But still the best strategy so far is to have your own experience, if you have the guts in doing so then put up some  little amount so that we can try trading in ourselves.

There are always some good people who are always ready to advice you on something. But best results would be obtained if you try it yourself. Get their advices on board, learn properly about what you are going to do and then start with little amounts. What you will experience yourself will be best teacher for you next time. Learn from your mistakes as well and start your portfolio.

[iv4n]

1.  I learned that no one can accurately and consistently predict the market.

Who cannot agree with this?! And the traders should know how to read the market, right? But how to do it? Step two keeping the money or keeping the crypto? In times when crypto is downtrend you should buy you say and risk money, bit what if downtrend continues? Selling in times when prices are rising and be in profit can take more time then you first thought. Keeping the money or crypto safe is normal thing to do, but earning and making profit from market fluctuations is moving you fund into money or into crypto, depending of the the market. Four step is like, second or fourth, trend is the friend if you can predict the market, and we already said that nobody can do it. Last year trend was pushing the price up to 20000 dollars, you sold at 5000 but in next few days price went to 10000? What you can do? Wait drop at 4000 dollars that will never come?

[wayancrypto]

Iam doing alot of mistake in first trading, but from that mistake i can learn and make new better strategy. Now iam more focus trade on pair USDT because this is look more easy to trade it because we only make analysis for 1 coin. Also more faster to take out from bearish market cause bad news. And also i will try to be more patient when buy and sell any coins to get better price.

[iqlimasyadiqa]

Iam doing alot of mistake in first trading, but from that mistake i can learn and make new better strategy. Now iam more focus trade on pair USDT because this is look more easy to trade it because we only make analysis for 1 coin. Also more faster to take out from bearish market cause bad news. And also i will try to be more patient when buy and sell any coins to get better price.

To me that our mistakes at the beginning can be an important lesson. Experience will train us to have the skills and also train us to be able to make the best decisions. Trading is not a science that can be learned in a short time, takes a long process and time until we can really understand how to do good trading.

A Trader is a person who trains themselves all the time, they analyze and practice, losses are a natural thing and they try to get a lot of profit on one occasion. small losses will not be worth the big profit that can be achieved someday.

[Bustart]

1.  I learned that no one can accurately and consistently predict the market.

Who cannot agree with this?! And the traders should know how to read the market, right? But how to do it? Step two keeping the money or keeping the crypto? In times when crypto is downtrend you should buy you say and risk money, bit what if downtrend continues? Selling in times when prices are rising and be in profit can take more time then you first thought. Keeping the money or crypto safe is normal thing to do, but earning and making profit from market fluctuations is moving you fund into money or into crypto, depending of the the market. Four step is like, second or fourth, trend is the friend if you can predict the market, and we already said that nobody can do it. Last year trend was pushing the price up to 20000 dollars, you sold at 5000 but in next few days price went to 10000? What you can do? Wait drop at 4000 dollars that will never come?

Success for me is living my true purpose in life, and being able to contribute the God-given gift to others to inspire and uplift them.
Below are my four keys to success (I hope it will work for you too):
1. Use your will, determination, and commitment
2. Excellence and vision are required
3. Double failure rate
4. Go to success. Success won’t fall in your lap; you have to go after it. 
I've stumbled many times, but I chose to stand and continue to fight the battle of life. As part of crypto family , it's truly an honor and duty. I would devote myself to be an asset in the team. I would use my burning desire to help people in need and to be their inspiration of hope, perseverance, and dignity. I hope we shall help each other to be successful in bitcoin, the success of one is the success of all, we are one team, one family and I hope we shall strengthen our grip to success tightly for our growth and well-being.