4 Things Traders Must Do To Be Successful

[tbossmitche]

Trading as an art doesn't exactly have a set of rules that govern it. What works for me might absolutely ruin another person. The problem most people have is that they often see trading as mainstream gambling. With this mentality, they will definitely be out of funds in no time at all. Trading involves learning from others and your own personal experience, to put it simply, traders must be patient.

Finally, I'll like to say that those who are largely emotional and very greedy need to work on those two characteristics before venturing into trading.

[iv4n]

Trading as an art doesn't exactly have a set of rules that govern it. What works for me might absolutely ruin another person. The problem most people have is that they often see trading as mainstream gambling. With this mentality, they will definitely be out of funds in no time at all. Trading involves learning from others and your own personal experience, to put it simply, traders must be patient.

Finally, I'll like to say that those who are largely emotional and very greedy need to work on those two characteristics before venturing into trading.

I need to go with you about this one, trading with crypto doesn't have some set of rules. It's a new ground for many people. I'm talking about that for some time, patience is for long term traders, and I support that, price rise if you wait long enough, bitcoin price never disappointed us in last 10 years.
For trading you need to know how to follow the market when you learn how to do that you start with trading, no other way around.

[rapsa2018]

I see lot of traders get loss on their money even they use lot's of strategies doesn't work for them. So its better to take a advantage with those mistakes.

[Dudeperfect]

As you mentioned about the journal, I have observed that experienced investors set some rules for them and they never ever act beyond those rules even if the situation is in their favour. Trading is all about discipline and implementing the lessons learned in past trades. As it is said, the experience is the best teacher but not everyone can afford the lessons learnt from it. One should always try to inculcate the habit of discipline in his behaviour while trading.

[marcous]

that's why sometimes traders must have a decision to cut loss with the aim of minimizing losses and having a cut-off target, for example, if the loss is 20%, then it must be cut loss. any decision that we have taken should not be regretted, we can buy again at a lower price if the price still falls.
prepare your capital and mental if you want to become a true trader.

[Best Dreams]

I thinks this is the four things must do to be successfull-
1. The trader have to active 75% in a day
2. Always read the website of the altcoin you want to buy.
3. Everday visit their social media page.
4. And also knowing the market condition is more important.

Agree, because if you don't have a lot of free time then you won't be able to have a lot of time to monitor, analyze, and so on.
because in daytrade you look for opportunities in your monitor time, and that takes all day

Time only helps us to learn more related trading and it’s good to spend more time in market so that you will learn good things about trading. For me to enjoy trading profit we need three basic things. Buy some coins at low price, use your patience to hold it longer and use your mind to trade at right time at high price.

[akram143]

I thinks this is the four things must do to be successfull-
1. The trader have to active 75% in a day
2. Always read the website of the altcoin you want to buy.
3. Everday visit their social media page.
4. And also knowing the market condition is more important.

Agree, because if you don't have a lot of free time then you won't be able to have a lot of time to monitor, analyze, and so on.
because in daytrade you look for opportunities in your monitor time, and that takes all day

Time only helps us to learn more related trading and it’s good to spend more time in market so that you will learn good things about trading. For me to enjoy trading profit we need three basic things. Buy some coins at low price, use your patience to hold it longer and use your mind to trade at right time at high price.

Yes some of the good tricks will definitely be followed by all of us because they are the universal strategies to follow by anyone but instead of four steps there are lot of tricks that to be followed for the good profit it will not be featured by anyone we will be the teacher and the trainee also without experience nothing will be given from anyone.

[Distinctin]

that's why sometimes traders must have a decision to cut loss with the aim of minimizing losses and having a cut-off target, for example, if the loss is 20%, then it must be cut loss. any decision that we have taken should not be regretted, we can buy again at a lower price if the price still falls.
prepare your capital and mental if you want to become a true trader.

So traders must be on the look out for their trades. Nobody could say when it goes down as it can't be predicted, setting on the minimum first would be a kind of help but not we should be practice everyday. It is really hard for non full time trader and I'm afraid they could just lost in any minute.

[TheUltraElite]

I see lot of traders get loss on their money even they use lot's of strategies doesn't work for them. So its better to take a advantage with those mistakes.

See there are traders who realize their mistakes and there are traders who continue to make those mistakes. It often leads to continuous losses one after the other as the person becomes stubborn and fails to rectify them. Hopefully they will and soon change their methods. Its important to be dynamic in being a trader.

Not every asset will give you good returns everyday so something a bit of off-period and putting time to other things helps them cope up with the boredom which I feel is often the cause of anxiety and leads to mistakes in placing orders.

[BearProfit]

Another couple of things (which might be quite enough for success)

• Do not trade on your own money 
• Use stop-orders

[bitcoin31]

Information is good because they can apply for sure while in their trading. In trading you do not need to learn more the important with is you know what you are doing by simple buying and selling is good start. And you can add your little knowledge about by doing sesrching and you can grow for sure. Keep reading and learning is still to do while in trading. Like me I still learning to become more succesful in trading.

[ophyrim]

I also want to a few important things
1- strong mental health and stress management
2-Self education
3-Open-minded
4-You also have to use new technology especially when you are trading at the crypto. Even big economist cannot understand BTC because they can not understand blockchain technology and they avoid to trade BTC because they think that BTC is fundamentally weak.

[TheUltraElite]

Do not trade on your own money 

Nice joke, but if you are being an troll,  its a poor attempt. People have to put in their money to trade because in general it is risky. The alternative of taking other people's money whether legally or illegally are both the mentally of a broke trader. Margin trading and futures trading may be worth doing with money taken on a loan but thats only for the experts.

Use stop-orders

Thats pretty general. Its depends on how and what a person's objective is when placing the order. If they want to buy a certain amount of bitcoin at a certain price hit then they will use it.

[BlackFor3st]

1.   A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;

I really liked this
Traders are the ones who use most of their brains i think and also it is not thay easy task. Traders will always have an important place in this entire universe. I do firmly respect each trader.
I would surely like to go through the article you mentioned.
Traders should always consider a number of rules before they go into it to make good profits. Also the profits should be treated much cautiously as excess anxiety can make you loose your funds.

[onrise]

I also want to a few important things
1- strong mental health and stress management
2-Self education
3-Open-minded
4-You also have to use new technology especially when you are trading at the crypto. Even big economist cannot understand BTC because they can not understand blockchain technology and they avoid to trade BTC because they think that BTC is fundamentally weak.

Couple of points - Firstly if you have extra wealth they can take risk in this trading else only trade with limited capital as you should not be depended on this money just in case you lose in trading . Secondly do not get too greedy when you make money . Keep taking out profits .

Also trade in such a way that it does not effect mentally and physically on your health and of your family .

[Bosx1ne]

Information is good because they can apply for sure while in their trading. In trading you do not need to learn more the important with is you know what you are doing by simple buying and selling is good start. And you can add your little knowledge about by doing sesrching and you can grow for sure. Keep reading and learning is still to do while in trading. Like me I still learning to become more succesful in trading.

Losing in trading is a sign that we should improve something. If we have a lot of information, I am sure that we can easily handle the risks that we are taking. Gaining experience is important for us to know the strategies that we should do in every situations.

[btcyoda]

I also want a few important things
1- strong mental health and stress management
2-Self education
3-Open-minded
4-You also have to use new technology especially when you are trading at the crypto. Even big economist cannot understand BTC because they can not understand blockchain technology and they avoid to trade BTC because they think that BTC is fundamentally weak.

Exactly, a trader needs to be efficient in order to analyse the charts and start predicting them in a positive direction. Money management is also one of the factors to control our assets by managing them to invest in the right coin for making profits.

[jrrsparkles]

Information is good because they can apply for sure while in their trading. In trading you do not need to learn more the important with is you know what you are doing by simple buying and selling is good start. And you can add your little knowledge about by doing sesrching and you can grow for sure. Keep reading and learning is still to do while in trading. Like me I still learning to become more succesful in trading.

Losing in trading is a sign that we should improve something. If we have a lot of information, I am sure that we can easily handle the risks that we are taking. Gaining experience is important for us to know the strategies that we should do in every situations.

Mistakes are the best teacher we never know what we are doing until we make mistakes and face the consequences so if someone learned after many failure never going to suffer again doing that same thing once they got succeed and crypto trading also may fi in this.Gain experience while learning new things related to trading to be more successful.

[voltesbit777]

I thinks this is the four things must do to be successfull-
1. The trader have to active 75% in a day
2. Always read the website of the altcoin you want to buy.
3. Everday visit their social media page.
4. And also knowing the market condition is more important.

There are many ways for us to become a successful traders pal. Here try to do some research about this  https://www.investopedia.com/university/tradingsystems/ also find out the Things to avoid Trading Mistakes?
https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/
good luck and have a good day

[Bunsomjelican]

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL

If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.

To be successful trading, Dr. Steenbarger has learned:

1.   A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;

2.   Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;

3.   A simple trading journal that will help you improve each day; and


4.   That the best traders are ones that embrace losses and use them to become better.

Author: Dr. Brett Steenbarger

Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading
 
www.tallinex.com wants you to make money from the markets.

You may have a point of reason as stated in the above. So we have a saying that " We learn from our mistakes that are accomplished "
With these bad experienced we had before, we used it as a best tool for us to make ourselves be improve more in the future. Then in every mistakes, We stand strong and became more determine to achieve our main goal target.