Four Keys to Success

[Siren]

You have a great views in every matter but i must believe that this is your personal experiences,but one thing got my attention,when you have mentiod about the Bitcoin inhich your using for trading?is that so?on that point i think i wont buy all your stuff here because a experienced trader wont use this coin to be a material for trading because of high price and slow movers in which mostbof the time you cant see any developments for a day that means profit is in danger if we talk about 24 duration..but i respect your prerogative and i was just pointing my own perception.

[shezu007]

There are such a significant number of things which you have to consider at time when you are there in the realm of digital currencies and are contributing your cash yet the most imperative thing which you require follow up on is never to lose your understanding regardless. You have to remain in charge with the goal that you may then have the capacity to improve some gaining and that you numerous not wind up settling on any false choice later.

[Lamalicious]

This is, indeed, the "пolden principles of trading". But there is nothing new in them - they are described in the books about Jessy Livermore and the "Zurich axioms".  I am sure that they also work on the crypto currency market.

[sudnokpok]

This is advice that every new investor to follow and its something that i eventually learned overtime through many mistakes.  Learning not to panic sell and fomo is something that has saved me a lot of money and for every new investor to learn this theyr gonna have to experience a generally big crash followed by a long bear market.  Once thats over, the urge to panic sell will dissipate.

[lushlifing]

For me, you learn best through experience, if you don't want to take risk first since (if) you're a newbie , you can use a trading simulator.

[Mallampue]

I agree with you for you review to be success.
but don't forget about PATIENCE, also this the key and very important to be succesful in your trading.

[PinkFox]

Cryotocurrency is not a traditional asset and it tends to make very big movements up and down in a short time. That's why I believe, that your idea of selling and buying often suites here very well. There is one but - you have to check for movements rather frequently and make decision quickly.

[Putunembah]

I agree with you for you review to be success.
but don't forget about PATIENCE, also this the key and very important to be succesful in your trading.

yes, patience is the key to success, let alone trade, a trader must have sufficient patience, and let alone face the market as it is today, so a trader with no patience will cause the trader to lose, and as a trader should have a good analysis to be able to buy their merchandise, so be patient that I think the key to we success.

[Jorosss]

in my opinion it only takes one to be able to achieve success that you want, the key is "patience" because many people who still difficult trading to control their patience to make them lose some of the assets they have because they can not control his patience.

Well there are many points to be consider that each one of us to be successful. The above lists the four keys to success were also helpful it pointed out that we must understand the risks in this technology, the best and right that no one can gives an accurate predictions in this market. For that patience is I can say is very helpful for us to be successful as a trader.

[Duogembrot]

I think the key to success the ultimate and the most I believe is patience without any patience and without controlling your patience you certainly will not be a successful person without even your patience is more to often take a careless attitude and can harm you.

[Taner]

For me, the key to success was education. You need to read special literature on trading and then you will be able to trade successfully.

[royale143]

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 read mate. This information is helpful not only for newbies, but even for seasoned ones, because many long time users still tend to forger the basics of how this market works that they need reminding through means like this to remember it. I agree with some replies saying that number one is the most important part of this write up. This market is just so unpredictable and can't be seen with "standard" and "constant" eyes, there are so many chances happening in a snap that one who ventures in it should be ready for those movements and changes to guide them in their investment.

[richardsNY]

For me, the key to success was education. You need to read special literature on trading and then you will be able to trade successfully.

While that may help you to understand the very basics of a market and supply and demand, it won't do much overall. If education was the key to successfully become a profitable trader, then most of the traditional market experts and gurus would be successful here as well, but they aren't. I lost count on how many of these traditional market experts and gurus have made themselves look like an utter fool by constantly going wrong with their predictions and statements -- these were also the people back in the days thinking that Bitcoin wouldn't survive after its first, second, third, etc, bubble pop. As long as this market is heavily dominated by speculation, hype, greed, fear, manipulation, impulsive actions, external statements, etc, trading looks more like gambling....

[billbear]

Thank you, my man for sharing. we all should share those strategies we use. I personally try not to make decisions fast and based on emotions... Better lose small, than loose big.

[gabbie2010]

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.  

I absolutely agreed with you on this because there are many trading groups that gives out signals to their paid customers however most of these groups sends conflicting signals that can cause confusion among their traders due to their inability to accurately predict the market, to avoid such a scenario I ensured that I sticked with my strategy without any interference from external sources.

[Jlimao28]

All of your four keys are helpful to guide a newbie in trading like me. Thank you for sharing your thoughts! I will mark it as my educational thoughts in trading here in cryptocurrency. I believe that we cannot trade without these some facts because a trader must have guidelines in order to have a successful trading.
I think also that learning a trader tool to presume the price is helpful way to gain profits. We need to have knowledge dealing with the prediction of cryptocurrency.

[mimienamphine]

Four keys of success hmm quite difficult because success really has a lot to talk about.I personally believe each person has what works for them on their way to success however  there are general rules or as you put it keys that every individual must have.There may be more than four but it depends on how each individual sees the process. Hardwork,dedication,determination and flexibility.Sometimes you need some flexibility of goals to achieve something that was not originally your plan but will give you better success than the one you started with.

[marsmyname]

There are such a significant number of things which you have to consider at time when you are there in the realm of digital currencies and are contributing your cash yet the most imperative thing which you require follow up on is never to lose your understanding regardless. You have to remain in charge with the goal that you may then have the capacity to improve some gaining and that you numerous not wind up settling on any false choice later.

Being a student of MBA, I learnt that environment scanning is the first thing to enter any business because you must know all about the business which you want to start. Investment in Bitcoin and other crypto should be made after complete knowledge. Regular observation of the market is also necessary. Apart from this courage to handle all worse situations are the keys of success.

[Joriecoinbit]

There are such a significant number of things which you have to consider at time when you are there in the realm of digital currencies and are contributing your cash yet the most imperative thing which you require follow up on is never to lose your understanding regardless. You have to remain in charge with the goal that you may then have the capacity to improve some gaining and that you numerous not wind up settling on any false choice later.

Being a student of MBA, I learnt that environment scanning is the first thing to enter any business because you must know all about the business which you want to start. Investment in Bitcoin and other crypto should be made after complete knowledge. Regular observation of the market is also necessary. Apart from this courage to handle all worse situations are the keys of success.

We have different styles and techniques to success, where the one who can decide our strategies in investment method. We all know there's a time that we are in a badluck but through experience ,now we can determine and analyze the situations about the site. So we can now avoid the losses and definitely our money will grow higher.

[SirLancelot]

You have a great views in every matter but i must believe that this is your personal experiences,but one thing got my attention,when you have mentiod about the Bitcoin inhich your using for trading?is that so?on that point i think i wont buy all your stuff here because a experienced trader wont use this coin to be a material for trading because of high price and slow movers in which mostbof the time you cant see any developments for a day that means profit is in danger if we talk about 24 duration..but i respect your prerogative and i was just pointing my own perception.

In my opinion the first key to success is punctuality because if you are not regular you will never succeed. Second is knowledge and experience. Third is NYC, because it is the main thing your business depends on and the forth is quality. Never compromise on quality otherwise you will lose your position in the market. In bitcoin first two are very important