A trader's heart

[Finestream]

Being a crypto trader isn't just the same of being a trader in real world.  We know how risk in here and listening our emotions might not be good in here cause it may only drives you of getting nothing from your trades.  Yes,  we all not a perfect individual burnt learn of controlling it will be a big help of our self especially in doing critical decisions.

Right.Once a trader should always have a strong heart and mind.Do not just be easily tempted with what your emotions is dictating because most of the time,it will only cause destruction and may lead to failure.Learn to trade for huge profits,so you will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

[iagyei259]

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

[TheUltraElite]

No, this is not the main reason why I joined the crypto currency. It seems to me that the crypto currency technology has a great future and it is necessary to buy it while we are given such an opportunity to buy at a low price.

It is not a "necessity" but it is gaining popularity in contrast with traditional monetary system. It may happen in a few decades that fiat is getting replaced by bitcoin or crypto in general. But then the technology behind bitcoin, the blockchain is getting acceptance in many fields of technology and finance. This is what is a bigger achievement for the crypto world.

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

When you become a trader you will also know that getting emotional is what makes the trader weak both mentally and physically. Its more important to control the emotions.

[atetess]

I am not a trader but I learned and tried to become a trader, try as it is felt as a trader and today I bought some coin when the market is falling and hope will make a profit.

Then,  good for you. You are a trader and maybe by now you are already gain more profits and already improved more skills about trading. When you buy at a very dip price you will surely gain when the price increase.

[Zadicar]

No, this is not the main reason why I joined the crypto currency. It seems to me that the crypto currency technology has a great future and it is necessary to buy it while we are given such an opportunity to buy at a low price.

It is not a "necessity" but it is gaining popularity in contrast with traditional monetary system. It may happen in a few decades that fiat is getting replaced by bitcoin or crypto in general. But then the technology behind bitcoin, the blockchain is getting acceptance in many fields of technology and finance. This is what is a bigger achievement for the crypto world.

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

When you become a trader you will also know that getting emotional is what makes the trader weak both mentally and physically. Its more important to control the emotions.

Emotions would always be a big factor which can always affect a certain trader or even a simple investor because this will potentially push us to make mistakes or unwise decision when we do already come to a state where we cant already make wise or proper decisions because we do let our emotions control us. Being a trader wont really be that easy and this is where most newbies mistakenly believe that they would able to do on what professionals do achieve now.

[Rrtt]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Yes its true, the first thing you will do is LEARN then EARN, knowledge is a foundation of everyones success ,espescially those fundamental/ technical analysis ,how to use stop loss/ take profit,its very important in trading industry,as a trader its your obligation to know all those things to become a successful trader.

[Usmanmuhon]

. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

[simpleholmes]

when the action occurs and you are winning or losing the emotions capture you completely by not letting you think rationally, especially if you are new and that makes things worse, even if you know something will happen you don`t go for it and just wait without an action.

[nydiacaskey01]

I don't have the discipline yet or even the knowledge of a good trader. I consider myself as an accidental trader. I was just looking for a good way to mix my coins since Bitmixer closed down and they said storing your coins in a trading site can also help you mix your coins but after transferring my coins, I was curious on how trading works so bought my very first coin which is ZEC and the rest is history.

[slashz9]

may be a bit gambling, but trading using fundamental, technical analysis like you said before, and also this is different from gambling, if its value goes down you still have not lost your money as long as you still keep it, if gambling you will lose all your money once you have lose.

[TheUltraElite]

. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.

Controlling emotions is what is needed by every new person entering the market or buying some bitcoin with hopes of selling it for profit. The panic sellars are the ones who make the market crash like a wave during a bear-ish trend.

Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

I would not compare trading with gambling. In trading you are not totally losing all your money if you buy an altcoin. That altcoin may rise in value someday. Unless of course you invest in some scam ICO. But in gambling you will lose your money with the click of a button.

[dekcutbusu33]

If I think we just have to take a long time to realize how the market works and how not to make the same mistakes over and over again. But I learn and try to be a trader, try because it is perceived as a trader and today we will buy coins when the market is down or fall and hope will produce profits for us.

[wuvdoll]

I think crypto provides us with a chance to get money and at the same time to be a gambler, take risks, get adrenaline. as for me, it is like this. I don't know how about you but for the most people it is like this I think

Well, if you are considering the idea of gambling, it becomes pretty obvious it is more of a gambling to someone without strategy. Every trader is taking risk but what makes a good trader better from a bad one is the availability of strategy to make decisions. Before even getting into a market, it is always sensible to consider the loss to profit ratio and see if it is actually worth getting into at that moment or not, but without knowledge, I guess that is something an ignorant trader will find hard to do.

if its value goes down you still have not lost your money as long as you still keep it, if gambling you will lose all your money once you have lose.

There were thousands of arguments on comparing trading with gambling. Still I never agree that as trading is a skillful act unless it is being done without reasons. Your analysis must indicate those reasons.

[MiXxe]

For me, a trader's heart should be strong. I am not saying that you have to harden it. You just need to be strong ALong the way, when we are trading, we tend to experience several things. Positive or negative may it be. The thing is,we have to be strong. We have to stand on the ground that we believe in. We have to always have an open mind and strong heart. That's one way to be a successful trader.

[Dreamchaser21]

For me, a trader's heart should be strong. I am not saying that you have to harden it. You just need to be strong ALong the way, when we are trading, we tend to experience several things. Positive or negative may it be. The thing is,we have to be strong. We have to stand on the ground that we believe in. We have to always have an open mind and strong heart. That's one way to be a successful trader.

Traders life is not that easy, we will experience a lot of failures on our trading plan but we have to become stronger so we can become more successful in our trading journey. A traders heart must be stronger than anyone, you should able to accept failure, and don't ever regret your trading decision always remember that this market is very volatile and our goal is just to make profit bigger than our losses.

[minairia3]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Only one thing. You need to test the system you have polished in the traditional ones. Given you've learned all the basics and used all your experience. Remember that your sword never gets dull in battle. If it did, those are blood.    So if one trader is bold enough to test even in risky trades, he is but only confident to test the system he has tamed.

[alminium]

if I think we are merchants, we should always consider all possibilities and be prepared to risk destruction in any case. That's normal even in business. But also in trade besides always learning, discipline is also very important that must have double capital, because the trade name there are times when prices soared, there are advantages and there are losses that we should consider in trading.

[Visbay]

the heart of a merchant is stronger than the heart of the person working in the office or being a worker in the factory.
because every coin bought and then the coin down then inevitably must be chest and wait for the coin to rise or stoploss to buy back at the price below.
a trader must be tough, strong and wise.

Agree with you no doubt the heart of a trader is most stronger heart because a trader use to face multi situation but he always get through with courage and patience, so it is no doubt true that a trader must have a strong heart, because rise and fall will come across his way what he will have to face patiently, it is good for him to use his brain while trading instead heart because heart is connected to emotion and emotions are not allow in trading.

[hacekd]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

STOP LOSS always always. Absolutely right.
Control emotions? LOL. Crypto already stole my emotions long ago. I dont feel excited neither upset when I make profits or lose money.

it happens if the merchant really wants to get more, think about the profit without seeing some of the risks to be gained when the price drops. If he is chaotic or stressed at a time when the price drop means he is not a good trader, because a good trader will figure out what if a price drop will happen.

[TheUltraElite]

If I think we just have to take a long time to realize how the market works and how not to make the same mistakes over and over again. But I learn and try to be a trader, try because it is perceived as a trader and today we will buy coins when the market is down or fall and hope will produce profits for us.

Thats basically how trading works and how people make money off the market. You buy low and sell high.

if I think we are merchants, we should always consider all possibilities and be prepared to risk destruction in any case.

Risk does not get "destroyed". It needs to be managed. If you can manage your risk then trading becomes easier. However it is tough.

That's normal even in business. But also in trade besides always learning, discipline is also very important that must have double capital, because the trade name there are times when prices soared, there are advantages and there are losses that we should consider in trading.

Not just double capital, making money in trading needs a control over emotions and yes discipline is also important. If you are greedy and try to jump into a bull run you might sell at the wrong time and end up in loss or you may miss the ATH of the bull run.