4 Things Traders Must Do To Be Successful

[goaldigger]

All is true and correct. A trader should strengthen his brain including being smart, focus and mentally ready for any circumstances that are comming. The following like emotional strength comes second. Trader should use 100% of the brain. The heart is just optional so he can decide well and not depend on just guts.

[TheUltraElite]

You may have a point of reason as stated in the above.

I would suggest you to take everything with a grain of salt. Just knowing a few facts and methods wont make you an accomplished trader. What you need is study of 4-5 year long charts and analysis of the same for a few months along with the technical analaysis if you are willing to do day trading and futures trading.

So we have a saying that " We learn from our mistakes that are accomplished "

The toughest part is the acceptance of the mistake and then recitfying it so it does not happen again. Most of the people fail in doing so and repeat same mistakes. Like for example they tell themselves to buy at the low but then get overhyped when something is going up and then again buy being FOMO.

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.

Those who will actually realize their mistakes in time will be able to keep control over their losses.

[rebrik7]

Never take a loan to trade crypto. Golden rule
It will always something go wrong.

[CoinChili]

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

This will be a big help for a trader. But to tell you honestly, for someone like me who are not fond of writing a journal, bookmarking websites really works great for me. Nowadays, we are more engaged in technology and we always hold or smartphones whenever we go.
Also, another tip is to Trade only what you can afford to lose. With this, we can minimize any emotions with our losses.

[MFahad]

Never take a loan to trade crypto. Golden rule
It will always something go wrong.

Agreed, it is really golden advice never take a loan to others. I tell to my friends if you take loan, you will be lose you respect in the eyes of the people.
But about the thread, he is really telling us good suggestions, Actually in trading we learn in every step of trade.

[spadormie]

1 thing trader should know most and not included on your list. And it is Do Your Own Research(DYOR). It is the most effective one I'm telling you. Let's say you know how to do Technical Analysis, it doesn't apply that you can win all trades. What if you TA a coin and you can see some sign that it will breakout, then there is a news saying that it does fraudulent activities. Then that's your lost.

[jonhn772]

I think the most important if to be succesfull to become a trader you must control your emotion because all the knowledge that you have been mastered  won't help you when your emotions can't be controlled.

Exactly emotions is one of the main things that need to be control if we want to be a successful trader. With that we also need to have enough patience. Then we will become a expert trader in crypto market.

[ethereumhunter]

Tips from me: Never use All In for your money because it is too risky, you cannot buy another amount if the price is getting down so you will lose the opportunity to get a low price. Always split your order buy into a few parts so you can get the lower price and that will make your average buy price will reduce. That will helps you to get the most profit if the price jumps to the highest price.

[furenaire123]

I am new to trading, and I just started a month ago. And even though it was just a month, I already learned a lot (especially about myself  )

I thought trading is easy, that you can earn a lot money in instant. So I just deposit on my account and without any knowledge, I do trading (without using indicators, and so much more). And then boom! I lose all my money in just a minute. That when I learn that your emotion is your greatest enemy in trading. Use your brain not your emotions in trading. I've learn that emotion can slave you, and it can lead to wrong decisions.

[Hannahanto]

Few useful tips to know and yes good to see traders share their ideas to the newbies. A good initiative and yes a good support to the community members. I have learnt a lot from trading especially the patience. I learnt that if you have invested in a good coin and its value is falling down, do not panic, the moment would certainly come when you will see a good growth to your coin. Patience is the key to eradicate loses and a step towards success.

[Timmzzy]

Do we still have successful traders as we speak definitely we might, in my speech is due to some have just went out of the market if am not mistaking. Because as at when market was really bad lots of traders dropped. By the way and now it's picking up and we might see some coming back to trade I guess that doesn't make one a successful trader and at the process he or she might have forgotten some techniques to tackle the market

[mersal]

I think the most important quality that everyone should definitely have is should be stay with your confident that you have to done your job till the end this is the thing that you want to make it success when you execute this type of things in your trading experience you will be definitely get the good profit with a next way of confident.

[Finestream]

I think the most important quality that everyone should definitely have is should be stay with your confident that you have to done your job till the end this is the thing that you want to make it success when you execute this type of things in your trading experience you will be definitely get the good profit with a next way of confident.

Correct.That will drive the positivity being a trader if you will stay confident, you have to be realistic at the same time because confident alone is useless if you do not have the skills or talent to be able to make you a good trader.Trading skills can be achieve overtime, it's not an overnight success that other people think, you will go through a lot of trials until you become successful being a trader.

[nydiacaskey01]

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

I use to have a journal where I write my mistakes in trading so it will be a reminder for me on what not to do next time I trade. Another use of my journal is I put a not on why I don't buy this Token or what is the price of the coin when I buy or sell them. Sometimes emotions takes over our decision making but keeping notes will help you decide as well before you hit that buy or sell button.

[Thanasis]

Few useful tips to know and yes good to see traders share their ideas to the newbies. A good initiative and yes a good support to the community members. I have learnt a lot from trading especially the patience. I learnt that if you have invested in a good coin and its value is falling down, do not panic, the moment would certainly come when you will see a good growth to your coin. Patience is the key to eradicate loses and a step towards success.

Patience can save us from serious losses but it is not the only way to save ourselves when we call ourselves as traders we need to know what we have to do when the market is bearish rather than simply holding it.

[Ailmand]

I totally agree with all of this, as a trader you must not really sulk down for your losses, what you might have lost today, you can still make it up next time. Keep trying and going, take all your bad experiences and mistakes as an opportunity to gain knowledge and experience.

[ePesoInitiative]

1. Study about markets: cycles and why market prices fluctuate.
2. Study about Technical Analysis. It is not an exact science but it will improve your accuracy.
3. Remove emotion from your trading decisions.
4. "Cut losses quick and let your winners run" - Jesse Livermore

[RokokGudangGaram]

if in my opinion 4 things that must be owned by a trader and investor to be successful quickly must have a great sense of patience, not greed, not panic too and must be sure of what we do to be good for the future

[senyorito123]

1. Study about markets: cycles and why market prices fluctuate.
2. Study about Technical Analysis. It is not an exact science but it will improve your accuracy.
3. Remove emotion from your trading decisions.
4. "Cut losses quick and let your winners run" - Jesse Livermore

Successful traders often do things that set them apart from the rest of the crowd. A successful trader mindset is always behind these people, and this is something we can build. Below are some of the steps needed to start your journey in becoming a successful trader.
1. Have a passion for the process and remember that failure is all part of all successful ventures.
2. Do Not Expect Immediate Results. Make a resolution to learn. Set goals, do your research, seek guidance, and evaluate your progress.
3. Cultivate good habits and banish bad habits.
4. Start trading. You've learned the basics, it's time to get out from your comfort zone and expose yourself in the world of trading inorder to grow knowledge and develop skills.

[Bustart]

1. Study about markets: cycles and why market prices fluctuate.
2. Study about Technical Analysis. It is not an exact science but it will improve your accuracy.
3. Remove emotion from your trading decisions.
4. "Cut losses quick and let your winners run" - Jesse Livermore

Successful traders often do things that set them apart from the rest of the crowd. A successful trader mindset is always behind these people, and this is something we can build. Below are some of the steps needed to start your journey in becoming a successful trader.
1. Have a passion for the process and remember that failure is all part of all successful ventures.
2. Do Not Expect Immediate Results. Make a resolution to learn. Set goals, do your research, seek guidance, and evaluate your progress.
3. Cultivate good habits and banish bad habits.
4. Start trading. You've learned the basics, it's time to get out from your comfort zone and expose yourself in the world of trading inorder to grow knowledge and develop skills.

These are very informative and helpful tips. Some of the things that I considered would be building a strong foundation of knowledge and knowing your clear goals as trader. Education and understanding are at the heart of every success. Document every success and failure and learn from them- gain wisdom. Develop your patience and learn to control your emotions. By staying connected to your goals you’ll create an inner fire and passion for the process that will make you an effective trader for life.

The key for long lasting success and happiness: a deep passion and connection to what you are doing.