4 Things Traders Must Do To Be Successful

[StarofBTC]

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.

What you have said is indeed the best and simplest approach into minimizing risk and a good strategy to make more profit,  as we continue to trade, there is need for us to understand that market will not always go same direction and in preparation for this, we have to take advantage of both sides by following your advice, first we have to endeavor to commit funds that will not put us under pressure for anything, and secondly, whatever fund that we have decided to use as trade, we need to split them and not out everything at ones into the trading since we already understand that the market fluctuates a lot.

[trickyriky]

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.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

[Caladonian]

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.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

From a bad start, if you will continue realizing those mistkaes and create a good plan to work it out and avoid doing the same, it's a good way to understand and assess your capabilities, if you are open for more changes in your style, you will be able to adjust and make a good outcome after,
try to build your confidence learning to read patterned that will guide you.

Make this as a good basis before placing again another entry, it will helps you to be very patience observing around the exchange.

[Btc_1856]

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 of money in an 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 learned that emotion can save you, and it can lead to wrong decisions.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

I think in trading there won't be any easy way to make money because we shouldn't consider it as easy. After many failure and experience will help us to make some decent profit with a lot of dedication and patience.

[Dilladupak]

I think as a trader, I don't think you are afraid to see market prices fall, for me you can still be patient and keep up the spirit of waiting for a better price increase in the next few moments. So you will also still make a profit.

[Farma]

well, tips and good motivation. maybe we also need to add to hold emotions, and be patient in trading. we know that there will be volatility in this case, and make us feel loss when the price drops. therefore patience is really needed.

[BitBustah]

I think as a trader, I don't think you are afraid to see market prices fall, for me you can still be patient and keep up the spirit of waiting for a better price increase in the next few moments. So you will also still make a profit.

Real traders love falling prices, they can make profit in any market and thrive off volatility.  I suspect very few people on this forum are successful day traders or those that are remain quiet about their strategies.  I wouldn't expect them to give out their secrets and hard work only to get more competition. 

[Cherylstar86]

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 of money in an 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 learned that emotion can save you, and it can lead to wrong decisions.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

I think in trading there won't be any easy way to make money because we shouldn't consider it as easy. After many failure and experience will help us to make some decent profit with a lot of dedication and patience.

 Most trader's has came from failure, maybe because of lack of knowledge and skills that may become mistake. But what make people encourage to trade is to learn from mistakes and comply the wisdom to be more skillful on every deliberation we create on trading. Thus, only ourselves can mangae the possible outcome and in order not to get loses, hold the emotions that attached you to act more aggressive.

[Duzter]

I think as a trader, I don't think you are afraid to see market prices fall, for me you can still be patient and keep up the spirit of waiting for a better price increase in the next few moments. So you will also still make a profit.

Yes, with trading users should not get afraid about the market fluctuations. As a trader whether the market is bear market or bullish it is a must to make use of the price fluctuation happening with time. With every trade there is a possibility for a loss as well profiting, it is upon the prediction that coincide with the reality.

[ChrisPop]

There are actually 3 main "things" that a trader must master in order to be successful. One is technical analysis which is that secret sauce that gives you an edge. Second they need to have proper risk management and finally third they need to master their mental game. They need to know how to manage emotions. That includes both bad and good feelings.

[playboy654]

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.

I agree everything, when you are being and later you need to be follow some Strategies and rules that will useful for you to getting easier income without any trouble so I think these strategies will very useful for every investor and trader to get the profit without any problem in their beginning stage

[Best Dreams]

well, tips and good motivation. maybe we also need to add to hold emotions, and be patient in trading. we know that there will be volatility in this case, and make us feel loss when the price drops. therefore patience is really needed.

This is what all traders should know that if they will not work with greed and control it, if they will gain knowledge as much as they can, it is very important to have trading knowledge so it takes time to learn everyone will have to keep patience as trading is really profit worthy investment better don’t lose the chance and trade well.

[BeGoods]

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.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

That's the function of trying, you know that you are someone who uses emotions in making choices, and you have gained experience
for that, it is one of the things that every trader must have, using their mistakes as lessons and experiences.

[shesheboy]

I think as a trader, I don't think you are afraid to see market prices fall,

we cant deny the fact that most of us are still afraid when the market falls its because money is at risk here  . we value our money because money is not easy to earn nowadays   but to some traders are already used to it.  there are aware that the ups and downs were only normal and part of the game  . once the market drops , they can still recover thier capital as long as their wait and hodl  .

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

Do not trade on your own money

huh ? but  how can you trade if you dont have a money  ?  you mean using someones money ( e.g money of your mother , or of your friend ? ) thats a no good idea  meyt .

[BlackPanda]

well, tips and good motivation. maybe we also need to add to hold emotions, and be patient in trading. we know that there will be volatility in this case, and make us feel loss when the price drops. therefore patience is really needed.

This is what all traders should know that if they will not work with greed and control it, if they will gain knowledge as much as they can, it is very important to have trading knowledge so it takes time to learn everyone will have to keep patience as trading is really profit worthy investment better don’t lose the chance and trade well.

Resisting emotions and maintaining patience are the main keys to being able to make a decision properly and correctly. As a Trader, they must be able to place momentum and good decisions, without this, a trader can never get good momentum. Patience and emotional control are things that cannot be separated from a trader to achieve success.

[Aivaryamal]

These tips are rather superficial, I believe that it is necessary to spend a lot of time to at least begin to understand the behavior of digital assets, each cryptocurrency is individual and it is impossible to accurately guess the price movement

[noormcs5]

These tips are rather superficial, I believe that it is necessary to spend a lot of time to at least begin to understand the behavior of digital assets, each cryptocurrency is individual and it is impossible to accurately guess the price movement

No matter how good trader you are, no one can guess the prices of altcoins and bitcoins accurately. Since crytpo currency is very volatile, it is very hard to achieve accuracy specially when the price movements are not only dependent upon technical analysis but also depends upon news and fundamental Analysis.

[GregH37]

I think as a trader, I don't think you are afraid to see market prices fall, for me you can still be patient and keep up the spirit of waiting for a better price increase in the next few moments. So you will also still make a profit.

It all depends on the pattern of trade they chose to get engaged in, if its ordinary without the involvement of margin trade or leverage, they would have any issue with market price falling, it will be like normal investors holding their coin in anticipation for a full blown profit.

The only people that find it very easy and happy to see a price fall are strictly investors, especially the ones that are yet to invest or ones that are not done investing, but above all, like you said, we still need to keep the spirit high has both traders and investors for a very bright future that cryptocurrency is capable of bringing.

[carlisle1]

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.

Very well said, these 4 things could really give motivation and giving an idea to traders especially those people who are new to this venture on how to become a successful trader in the near future. But traders should not only focus on this things as there are still many things that they need to consider on dealing with it.

[Findingnemo]

These tips are rather superficial, I believe that it is necessary to spend a lot of time to at least begin to understand the behavior of digital assets, each cryptocurrency is individual and it is impossible to accurately guess the price movement

No matter how good trader you are, no one can guess the prices of altcoins and bitcoins accurately. Since crytpo currency is very volatile, it is very hard to achieve accuracy specially when the price movements are not only dependent upon technical analysis but also depends upon news and fundamental Analysis.

No one can do it even if they are good at technical analysis,predictions are just for the hope that it will become possible but a successful trader need to minimize the losses even if they are in bearish mode.