4 Things Traders Must Do To Be Successful

[Mr.lucky]

newbie will be behind strategy all the time but they should be learning about money management , psychology  and discipline also if they want to earn regular profits

[gurang]

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.

and being positive is the one who make you success so even the price was will drop you should be positive in what situation if you want to overcome it

[eann014]

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.

Agree, Especially with number 4, all of must know how to accept loses because not all the time we can win in every challenges in life. We must know how to accept failures and loses in life so that we can grow and learn from our mistakes, loses and failures and for is to become better and most important is to improve our knowledge and skills.

[LupeKidman]

 I think you should have the best strategy depending on the altcoin you invest. If you want to make big profits, you have to have big capital to make the most profit in the day. I think you should focus on investing in top altcoin on  great coinmarketcap for day trading. The market is going down so do not choose to invest in altcoin with small oscillation fluctuations, hard to earn big profits.

[legenduim]

Yes, sure, you need all the things that you have enumerated here. That is why it is not easy (and almost impossible) to become rich in the world of crypto. You have to work much to get the expected profit.

[Secionz]

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.

Simple way of making yourself a good trader is by losing some of your trades and try to understand everything you have lost and try not to do it again in the future.

Well I slightly differ from this. Don’t lose intentionally. You can’t make yourself a good trader by losing intentionally and then thinking what are the measures to be taken. Be realistic and put every possible effort to make thing successful. When you lose in this way, you would get to know the potential of your work and how can you tackle these problems next time.

Success in the cryptocurrency requires you to have good knowledge and experience. Then all these methods to reduce loss and raise profit will be used simultaneously and it helps guide others as well.

[Tipsters]

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.

This is not complete without the "plan your trade and trade your plan". Once you enter a trade you know when to exit. But I agree in all points mentioned. To summary it is:

*Risk management
*Maximizing strengths
* Trading Journal

[Yusuf77]

if we want to succeed in trading we must be able to control our emotions first and then make a trading plan, being good at finding opportunities and being patient is the key. emotions and panic will only plunge us into losses, so don't ever do it if you want to succeed.

[TheReverend]

good tips, I will accept every defeat I experience and make it a lesson to be better.
because I lost a lot in the past few months and haven't thought about re-entering, but still standby if a good opportunity will arise.

[Ryanbruc]

Thank you for information.

That is no doubt a good observation about what a trader do to make value should. More important among them is the loss management because it helps sustain the already existing assets.

Exactly but trading is not so easy and one cannot make money all the time by trading. In addition, when the market is down, it should be stopped to stay safe. Though these tips are very nice, yet one needs to take steps by looking at the market.

[Guideare]

Learn ,practice, discipline,discipline

And I say learn, practice, control over emotions and strong mindset. These four traits would let a strong trader comes out of someone. Then dealing with diff coins at diff moments would be easier.

[jhonjhon]

good tips, I will accept every defeat I experience and make it a lesson to be better.
because I lost a lot in the past few months and haven't thought about re-entering, but still standby if a good opportunity will arise.

Experience is a good teacher, we learn a lot from previous days and bring it as a guide to be successful in the future. Even though we aren't perfectly mold with that but its a big help for us individually to create a perfect future. We just believe our self and make way to have a wise decision.

[justdimin]

Thank you for information.

That is no doubt a good observation about what a trader do to make value should. More important among them is the loss management because it helps sustain the already existing assets.

Exactly but trading is not so easy and one cannot make money all the time by trading. In addition, when the market is down, it should be stopped to stay safe. Though these tips are very nice, yet one needs to take steps by looking at the market.

You should not even be stopping when only the market is down; you should have a particular point in the market that you would want to at least be making sure you have your stop loss active. The same way you are anticipating for the market to move up when it comes to trading is the same way you should be anticipating for the market to go against your plan and be ready for it.

If you are never ready for something, the chances of flopping and letting your emotions play the best part of you will always be there. When you approach the market, just make sure you always have a good plan and stick to it, and then, you will be successful.

[arpon11]

Successful traders learned from there loses and improved on them. If you can not control your loses and manage it until you start to make profits you will not become successful.  Professionals traders are those that has gaining experience in both stocks,  commodities and forex trading and transfer the same knowledge,  understand and skills to cryptocurrencies market.  You  must know how to analyze the market through fundamentals and technicals analysis and How to manage lose in a most profitable ways.

if we want to succeed in trading we must be able to control our emotions first and then make a trading plan, being good at finding opportunities and being patient is the key. emotions and panic will only plunge us into losses, so don't ever do it if you want to succeed.

You Emotions actually do contribute significantly to how you trade professionally and that is why we need to develop patience and positive mindset as a trader.

[jaymmagne]

Your hint is great and i find it helpful in my future trades. Hope i can follow some of the steps properly and be successful in trading life.

[deppil]

Number 4 is also very important. because that will affect your emotions and if you have lost control then you will make a stupid choice without looking at the analysis first. you will easily panic and sell even if it's a loss. if you have lost then let it happen. don't think about it anymore. because it will affect your mentality and influence your choices in trading

[ophyrim]

Number 5

A trader is not just a person who trade something and trade is not a part-time or full-time job. Trade is a way of life that also need hard work and very very strong mental capability. Especially patience.

[TheUltraElite]

if we want to succeed in trading we must be able to control our emotions first and then make a trading plan, being good at finding opportunities and being patient is the key. emotions and panic will only plunge us into losses, so don't ever do it if you want to succeed.

Emotions and braking apart will end up with losses the fact is what is happening currently in the market in the dropped prices of bitcoin and other altcoins. We are down in every market in the world and crypto is no exception. Whether this was manipulated or not no body knows since its unregulated but its surely the time to buy because Black Friday is over and now we are going to see an uptrend in the next few weeks followed by more dumping by the time of new year.

Your hint is great and i find it helpful in my future trades. Hope i can follow some of the steps properly and be successful in trading life.

Maybe you should work on your crypto knowledge so you can actually put in some good content and not shitpost to get paid.

[gurang]

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.

and always having faith that is the only key to succeed because having faith is good for us we always positive,calm. just believe and trust to our self to reach that goal

[gurang]

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.

and always having faith that is the only key to succeed because having faith is good for us we always positive,calm. just believe and trust to our self to reach that goal