4 Things Traders Must Do To Be Successful

[LUCKMCFLY]

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 think this is a major reason why I read it in Jesse Livermore's books, where it emphasizes that losses must stop and profits must be lengthened, most operators do the opposite, losses lengthen them and losses cut them, This is very bad, but it is what most of them tend to teach, they hope to raise a loss and not to cut it off so that the loss does not continue to generate more havoc.

I think that in some way everything must be focused in the right way, it is a hard paradigm to break.

[BestSSS]

Sometimes even those rules that is, I want to break you do it. Once again when you deviate from the strategy basically you lose money.
The person who clearly follows the rules and rules of the system in most cases a successful trader. A good trader should not have emotions he should trade like a robot.

[rodel caling]

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

That's why I like to see new traders experienced mistakes at their first phase of being a trader because that will make them a better trader in the future. Even how serious a newbie trader in reading and studying the pointers of being a good trader so that they can't be loss, they will not truly absorbed it due to the fact that they don't know how to deal on that in the actual scene.

Anyways if people are really serious in becoming a good trader someday, just continue to do it regularly until they will be used to it. They will realized that no need to undergo a serious studies about pointers of becoming a good trader because they have the ability now to make a self analyzation about what will they do.

Lose and mistake is great combination to recorrect it trader learn it where he/she got lose because of mistake, mistake is the best lesson guide from the people want to learn and got success.

[perla]

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

That's why I like to see new traders experienced mistakes at their first phase of being a trader because that will make them a better trader in the future. Even how serious a newbie trader in reading and studying the pointers of being a good trader so that they can't be loss, they will not truly absorbed it due to the fact that they don't know how to deal on that in the actual scene.

Anyways if people are really serious in becoming a good trader someday, just continue to do it regularly until they will be used to it. They will realized that no need to undergo a serious studies about pointers of becoming a good trader because they have the ability now to make a self analyzation about what will they do.

Lose and mistake is great combination to recorrect it trader learn it where he/she got lose because of mistake, mistake is the best lesson guide from the people want to learn and got success.

Every traders must learn from their mistake. Just a little percent of them who not do it. Like me  , i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets.

[BlueStackz]

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 trader can accurately guess the prices of cryptos and that is why it is impossible to always get 100% profit on one’s trade, but as a day trader, technical analysis will go a long way in deciding for such trader, most day traders uses charts to determine the best spot to trade.

I think most of the traders I have seen who are day trader have successfully rely more on technical analysis, because they don’t even have much time to listen to news, because news takes a lot of research too and timing, if you completely mix both, you might end up not trading anything, technical analysis too is not that easy to study, it also takes time too and by the time you take another time to study fundamental analysis you will realize that time is already getting shifted.

[mrdeposit]

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

That's why I like to see new traders experienced mistakes at their first phase of being a trader because that will make them a better trader in the future. Even how serious a newbie trader in reading and studying the pointers of being a good trader so that they can't be loss, they will not truly absorbed it due to the fact that they don't know how to deal on that in the actual scene.

Anyways if people are really serious in becoming a good trader someday, just continue to do it regularly until they will be used to it. They will realized that no need to undergo a serious studies about pointers of becoming a good trader because they have the ability now to make a self analyzation about what will they do.

Lose and mistake is great combination to recorrect it trader learn it where he/she got lose because of mistake, mistake is the best lesson guide from the people want to learn and got success.

If s/he can understand why s/he did wrong, it can be a good lesson, and prevents future losses. Indeed, losses should be seen as more earnings in the future. Like a game where you pass the levels.

[Vaculin]

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.

Yes. I still believe that above all, experience still matters the most. Even if you don't have great knowledge in trading but you keep on experiencing trading with its losses and winnings, you still learn the most from the lessons it brings and the longer years you keep on experiencing trading, the better trader you will be in the future.

[gilangIDR]

The ability of a trader will be tested when he decides to make important decisions, there are many things that must be considered for a trader. Mathematically, a Trader must always pay attention to the market situation, this is because the condition of the crypto market often makes a surprise so that a Trader is required to make decisions quickly. This cannot be avoided because without the ability to read a good market situation, a trader will never succeed in making the right decisions and benefiting him.

[Caladonian]

The ability of a trader will be tested when he decides to make important decisions, there are many things that must be considered for a trader. Mathematically, a Trader must always pay attention to the market situation, this is because the condition of the crypto market often makes a surprise so that a Trader is required to make decisions quickly. This cannot be avoided because without the ability to read a good market situation, a trader will never succeed in making the right decisions and benefiting him.

A trader can do a good analysis and can adjust to this past changing momentum due to fluctuations if he have the confidence, if a trader have a good understanding and skills to follow the market trend and observe how he can take advantage of the situations he then can successfully choose directions
to stand on, not everyone can do this as emotions always take place, but for a good and skilled traders, they will proceed without any emotion inside
of them to make sure that there's no struggles to bothered them along.

[traderethereum]

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.

Yes. I still believe that above all, experience still matters the most. Even if you don't have great knowledge in trading but you keep on experiencing trading with its losses and winnings, you still learn the most from the lessons it brings and the longer years you keep on experiencing trading, the better trader you will be in the future.

You are right. The experience does not make you lose even if in real situations, you indeed lose the money. But if you can learn from the losses and you still try to rise from those losses, I am sure that the losses will give you the best lesson which you don't realize before. And from experience, you can back to make a profit, and moreover, you can cover the loses.

[TheUltraElite]

Every traders must learn from their mistake. Just a little percent of them who not do it. Like me  , i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets.

At least you acknowledge your mistake. It is the first step in correcting which is identifying the topic where you are weak and then you need to work on that in order to improve. To prevent panic from happening invest in those coins that you are confident about in terms of future gains. Remember that every altcoin creator out there is after your precious bitcoins and in no matter what circumstance you fall in the amount that you give to their coins should be minimum and cashed out to bitcoin as soon as you get some gains in price.

These are not to be held for long term rather cash and dash is what should be in your mind.

[Karmakid]

Every traders must learn from their mistake. Just a little percent of them who not do it. Like me  , i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets.

At least you acknowledge your mistake. It is the first step in correcting which is identifying the topic where you are weak and then you need to work on that in order to improve. To prevent panic from happening invest in those coins that you are confident about in terms of future gains. Remember that every altcoin creator out there is after your precious bitcoins and in no matter what circumstance you fall in the amount that you give to their coins should be minimum and cashed out to bitcoin as soon as you get some gains in price.

These are not to be held for long term rather cash and dash is what should be in your mind.

Learning from the mistakes that we have done is the best thing that a trader can do in order to become successful in the future because it will become his basis for his future trading decisions because he will identify the errors and correct them accordingly and it will result for create a newer and more effective trading strategy.

[Homorton]

it’s vital to analyze market all time, find respectable researches

[werokez]

it’s vital to analyze market all time, find respectable researches

Oh there are a lot of them, lately I began to use reports of velvet exchange trading platform or same old binance for instance

[Homorton]

it’s vital to analyze market all time, find respectable researches

Oh there are a lot of them, lately I began to use reports of velvet exchange trading platform or same old binance for instance

link?

[whirlcoin]

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.

probably you are right keeping the simple things always in our mind is more important than anything because they will be the most helpful for you to get the success and your points is also like this to make the success everyone need to follow this.

[werokez]

it’s vital to analyze market all time, find respectable researches

Oh there are a lot of them, lately I began to use reports of velvet exchange trading platform or same old binance for instance

link?

I hope you are aware of binance existence, moving to velvet, here u go https://velvet.exchange/#/

[MakeMoneyBtc]

The ability of a trader will be tested when he decides to make important decisions, there are many things that must be considered for a trader. Mathematically, a Trader must always pay attention to the market situation, this is because the condition of the crypto market often makes a surprise so that a Trader is required to make decisions quickly. This cannot be avoided because without the ability to read a good market situation, a trader will never succeed in making the right decisions and benefiting him.

In order to notice the best occasions for buying and selling a trader must be very focused on what he is doing, so focus is one of the most required skills for a trader. Of course this skill could be trained overtime but essentially if you are a sloppy person it will be hard for you to become a good trader, at least the beginning will seem extremely hard.

[johanesrobin]

Trading is very important for controlling emotions. patience is a key one in trading.
easy to say but in practice it is very difficult. but eventually it will become commonplace.

[79b79aa8d5047da6d3XX]

One of the many ways the Big traders make money is by buying coins, stock etc when a rumour comes out that something really good or really big is going to happen. People often FOMO in to the coin and push up the price. If the big boys know the news they wait until a few hours before the news comes out and sell to those FOMOing in and they can make anywhere from 3% to several 100%. They buy when the rumour starts and sell as everyone panics in.