4 Things Traders Must Do To Be Successful

[NoobyIntellecutual]

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.

There is no best teacher than mistakes. They will always be getting you remember that here you made a wrong decision in this scenario and same scenario is here, don’t do this again.

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[bummm]

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.

No doubt, all of these things are very important. A real trader should control his emotions and forget the word "panic". Meanwhile, you will never have any success if you do not learn about the crypto every day.

[South Park]

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.

That is not bad advice especially your third point, people need a trading journal, if you do not keep very detailed records about what you are doing in the markets how are you going to improve? Most people do not keep a trading journal and they never improve and they keep losing money to the markets until they have nothing left, I am not an expert trader by any means but I have a trading journal and I can see my improvement with each trade.

[Huskarls]

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.

Im agree with you, some people are sometimes greedy in taking profits and opportunities so that, when their funds have gone too deep, inevitably there are only 2 choices, sell or HOLD to recover even though they don't know when that will happen. in trading there is always profit and loss. so, certainly not everyone experiences a condition that is the same at one time.

[LuvCyanide]

These are great rules. Very important in my opinion, but many investors neglect it. For example, I never keep a log of transactions in trade, and this is wrong.

[yanto@1977]

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.

Mostly I like your post but I think you need to complete your post with your experience, are you already do that and how the result?. Many information about trading and investing already exist and many people try with different result. Not to complaint but start with how to find the best product ( coin, currency ) and recovery asset also important.

[iMark]

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

faith will help you when there are many FUDs circulating outside and there are many people who are affected and then lose because they believe too much in other people's speculations, you need to believe in yourself. isn't that a function of you studying at trade? so you can do your own analysis

[South Park]

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.

There is no best teacher than mistakes. They will always be getting you remember that here you made a wrong decision in this scenario and same scenario is here, don’t do this again.

It is true that one of the best ways to learn is from mistakes but no one ever told me that I need to make the mistakes myself to learn from them, look at the forum it is full of people trying strategies that could not work and they should have know it from the beginning, the only thing you need to do is to read them attentively, take notes and avoid making the same mistakes.

[cfif123]

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.

No doubt, all of these things are very important. A real trader should control his emotions and forget the word "panic". Meanwhile, you will never have any success if you do not learn about the crypto every day.

of course, because of the great panic and emotion that will not be able to make our work run smoothly, especially to do the trade, do not ever use emotions and never also feel panic when the market decreases

[DevilSlayer]

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.

Trading is about how good our trading skills and our knowledge about trading of cryptocurrencies. It is true that the trading of cryptocurrencies is very risky investment,  but you can double your investment through the use of your strategies and knowledge.

[TheUltraElite]

These are great rules. Very important in my opinion, but many investors neglect it. For example, I never keep a log of transactions in trade, and this is wrong.

You should also keep track of all your trades along with the price at which you are buying or selling and then compile them on excel sheets. Add in the market cap and the fiat equivalent of your assets to that and you should be able to get a proper idea of how much profit or loss you are having with time. However its not going to be a good idea to let your emotions make you feel bad when you are looking at it from the bear market perspective so you have deal with that.

of course, because of the great panic and emotion that will not be able to make our work run smoothly, especially to do the trade, do not ever use emotions and never also feel panic when the market decreases

Well the ones who do get so emotional are the ones who are having a bad fundamental background of crypto. Majority of wannabe people get into it as a get-rich-quick scheme and this ends up in losses because they shit their pants.

[joyclicks]

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.

Those are quite some helpful tips for traders. Anyone who wants to be a successful trader must learn to keep their emotions separate from their trading, if not you’re definitely going to get everything ruined. Another practice you should take is making sure that you put stop loss for every trade so that you don’t leave everything you have put into a trade. Lastly, always have a trading plan and adhere to those plans.

[Lynks]

Each traders should learn how to trade without emotions. Learn to know when to sell off and when to buy. Don't fall in love to much with a particular token. Trade also using TA and SA

[asyakashi]

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.

No doubt, all of these things are very important. A real trader should control his emotions and forget the word "panic". Meanwhile, you will never have any success if you do not learn about the crypto every day.

Panic is a reasonable expression, there are things that can be accepted and not. who cannot be brutally panic and eliminate market logic. this is uncontrolled emotion. Cut loss is also part of panic, securing your assets is part of panic.

[pinoyden]

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.

No doubt, all of these things are very important. A real trader should control his emotions and forget the word "panic". Meanwhile, you will never have any success if you do not learn about the crypto every day.

Panic is a reasonable expression, there are things that can be accepted and not. who cannot be brutally panic and eliminate market logic. this is uncontrolled emotion. Cut loss is also part of panic, securing your assets is part of panic.

all parts of panic that you mentioned above are also under the emotion category  because you cannot possibly panic if you are a robot that doesnt have any emotions . so what i mean to say is that we shouldnt forget our emotion as it is still verry important to think and act properly  when compared to bots/robots  because they are only programmed by a human  .  i also believe that there isnt any succesful trader in cryptocurrency because the price of cryptos arent stable which means all of us can still loose more than what we earn  . 

a real success is able to achieve steady/stable results with minimal to no looses at all  and that isnt really possible on the case of cryptos  .

[lenovop-70]

One more if allowed to say : put your daily target, if you has reach it, put off all your instrument of trading, read more reference for your next day strategy.
Remember, your greedy things will defeat you if you not well maintained it!
It's easy to say, in fact, greed still often beats me,
God bless us folks.

[Indrawan77]

Its a good advice but all of that is too common and some people don't know how to implement it, all of us know tgat we need to control ourselves vut sometimes when we found a good opportunity to make money with limited time then we are going to rush the decision, many people also said buy low sell high but the implementation is not that simple, there are numerous factors to consider, trading need experience and and we need to keep on learning and try new things, dont afraid to fail as long as you learn to do better next time

[Harlot]

Keep in mind that controlling losses is way different from cutting your losses. Controlling losses or stop losses is your most likely back up plan when your trade didn't go as plan or where prices that you think should go up instead it goes down. In cutting losses you are selling the asset when you have incurred extremely big losses which is more than -10%. Controlling losses is something more of a planned loss where you really want to protect your capital in order for it worthy for your another trade plan.

[hermankoles]

I think this is only limited to motivation for trading because the details for trading are more difficult than that. for a trader must be sensitive to changes in market trends, patient, not greedy and also able to make the right decisions in all market conditions

[TheUltraElite]

Each traders should learn how to trade without emotions.

Its not possible for humans to do that. Its tough for those who are having a strong mindset but can be done if you are practicing enough. Weak hearted people are not going to get any place here.

Learn to know when to sell off and when to buy.

You can never teach them that. Everyone more commonly and accidentally buy at the pump. Either they are willing to join the bandwagon to get fomoed or they were told by some "analyst" (read, Shill pumping youtuber).

Don't fall in love to much with a particular token. Trade also using TA and SA

TA wont give you the point to sell or buy. That you have to decide. Do lean to much on TA because sideways movement is often going to happen in the sort term.