tarable
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February 09, 2019, 06:15:11 AM |
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The most important thing in trading is how to handle our natural emotional, that is greedy and not patient. This is become the key to make profit and second one is how to reduce the risk from wrong trade by use stop loss. Technical and fundamental analysis is others second thing to learn in trading.
surely that is because the first key when trading it must have a great sense of patience and must throw away the emotional and greedy nature too. because if you still use both of these properties then until whenever you all will not be able to trade smoothly
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pawanjain
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February 09, 2019, 06:59:53 AM |
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The recent market trend is very volatile, and if you are a good short trader you can earn at least profit and a great experience. To those who want to become successful on trading here’s my short tip to you;
1 . Keep on working - You cannot get something from nothing, just like in trading you cannot master trading in just one month, or less because its a long process. It will take sleepless nights, and a failure on trading, or even a big loss on your money, just continue because it will build your character.
2. Never skip the process - Some may look for an easy money but later on they will just failed because of not enough experience and knowledge. This can be related to your patience which is very important in trading right now and in the future. Take easy steps to become better in trading.
3. Trade like a pro - Never underestimate your skills and potential, always do your best in trading and you can be more successful. Newbies should not depend to anyone, trading is all about hard work, do it with passion.
Always be profitable in trading, that's our goal and we can achieve it! Any additional tips for everyone would be much appreciated, let’s continue to help everyone so they can succeed also.
Trading is an art and being a successful trader depends on many factors. Your tips will surely benefit the beginner traders as these are the things they lack. Trading should be done from a calm mind else it leads to panic trades which again leads to heavy losses. You should just believe in the coin you invest in. Because if you simply buy a coin and sell it then that's not trading it is probably gambling. Believe in the coin and hold it until it gives you profits.
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iamverybusyperson
Newbie
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Activity: 174
Merit: 0
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February 09, 2019, 12:36:05 PM |
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Emotions are not so important as sound mind and analytics are important. Without these qualities, it is unlikely to be able to correctly match the facts and predict the future.
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izanagi narukami
Legendary
Offline
Activity: 2058
Merit: 1028
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February 09, 2019, 12:47:00 PM |
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All I can said that crypto trading far more riskier than ordinary stock trading so eventhough you have implement your step, you need need some extra effort for it for example , advancing chart analyzing skill , make trade plan, making money management. Yes, it is not instant but it's possible
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playboy654
Member
Offline
Activity: 546
Merit: 32
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February 10, 2019, 01:49:11 AM |
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The recent market trend is very volatile, and if you are a good short trader you can earn at least profit and a great experience. To those who want to become successful on trading here’s my short tip to you;
1 . Keep on working - You cannot get something from nothing, just like in trading you cannot master trading in just one month, or less because its a long process. It will take sleepless nights, and a failure on trading, or even a big loss on your money, just continue because it will build your character.
2. Never skip the process - Some may look for an easy money but later on they will just failed because of not enough experience and knowledge. This can be related to your patience which is very important in trading right now and in the future. Take easy steps to become better in trading.
3. Trade like a pro - Never underestimate your skills and potential, always do your best in trading and you can be more successful. Newbies should not depend to anyone, trading is all about hard work, do it with passion.
Always be profitable in trading, that's our goal and we can achieve it! Any additional tips for everyone would be much appreciated, let’s continue to help everyone so they can succeed also.
yes these points are enough for a person to start his journey in trading and the existing persons who are in struggling situation will also follow some points here in this topic so trader must need experience and training before being an trader.
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apityeh71
Member
Offline
Activity: 476
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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February 10, 2019, 07:56:42 AM |
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I learn many things from my loss in trading, I already know what is my mistake and I will not do it again. Jump in to trading without risk management and trading plan is one of the big my mistake and second one is greedy and FOMO.
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Ewinsane
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February 10, 2019, 08:03:40 AM |
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All I can said that crypto trading far more riskier than ordinary stock trading so eventhough you have implement your step, you need need some extra effort for it for example , advancing chart analyzing skill , make trade plan, making money management.
I'm not seeing that trading is riskier than any other trading because I am profitable with crypto trading whereas other type of trading were not profitable for me. Because, only with crypto I am enjoying the feature of holding whereas most other types of trading markets are not providing this big facility to enjoy easy profits. I agree day trading is much riskier one but buying and holding kind of trading is easy and profitable and more importantly it is less riskier one. it is not instant but it's possible
We always should not rush for making instant profits from trading because only in day-trading kind of things are capable of providing instant profit whereas buying and holding way of trading takes more time to give a big profits.
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Yatsan
Legendary
Offline
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
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February 10, 2019, 10:12:53 AM |
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The most important thing in trading is how to handle our natural emotional, that is greedy and not patient. This is become the key to make profit and second one is how to reduce the risk from wrong trade by use stop loss. Technical and fundamental analysis is others second thing to learn in trading.
Yeah i agree too, emotional quotient of a trader is better than his intelligence quotient when it comes to trading. I've been trading for years now and i can say that emotional response to the market is very significant especially when it declines drastically. For me technical and fundamental analysis of a trader is just a bonus characteristic.
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DevilSlayer
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February 10, 2019, 10:19:10 AM |
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Self control and patience are the most important trait taaht every trader should have. Having patience can help us to eait the right moment to enter and exit the market. We can make good decisions if we have good self control for us to manage our feelings and emotions.
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Ispep
Member
Offline
Activity: 154
Merit: 24
The future of security tokens
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February 10, 2019, 02:27:46 PM |
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The third tip to me may actually not be so correct,I think if newbie traders try to think like pros,it could lead them into taking drastic decisions and moves that would not be beneficial to them,trading is a process and it's gradual,before one should trade like a pro,you should be a pro
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omonuyak
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February 10, 2019, 02:46:40 PM |
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Thank you sir, for sharing this with us and I like the point that there is no easy money. If you want to become a professional in trading you must endeavour to learn and also getting experience through trading. In the process remember you are going to incurred some loses.
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BitBustah
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February 10, 2019, 03:03:38 PM |
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All I can said that crypto trading far more riskier than ordinary stock trading so eventhough you have implement your step, you need need some extra effort for it for example , advancing chart analyzing skill , make trade plan, making money management. Yes, it is not instant but it's possible
But the potential gains in crypto are so much higher. Investing in stocks has become really boring, lol. If the stock market fell 80% like bitcoin there would be so much panic and it would be declared a global disaster.
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Caladonian
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February 10, 2019, 03:30:15 PM |
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Thank you sir, for sharing this with us and I like the point that there is no easy money. If you want to become a professional in trading you must endeavour to learn and also getting experience through trading. In the process remember you are going to incurred some loses.
Loses can also be take as learning fundamentals, each failures will give you more ideas on how to act and how to decide correctly, we do need to make things positive even we suffer out from it, it's part of this journey and if we wanted to keep surviving we have to comply correctly and convert things in a good acceptance. Just take small steps and keep learning each day of your journey.
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LUCKMCFLY
Legendary
Offline
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
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February 10, 2019, 03:38:42 PM |
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I think that despair is a classic error or when you see a candle in favor and you enter at that moment thinking that you will lose the movement, you can immediately back off because they are traps for the unwary.
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Best Dreams
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February 10, 2019, 03:42:13 PM |
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You can't control also the market situation also for tgose people take the risk of the market you can't stop some emotion being happened in your mind selling it for low prices.
But you will have to hold on with your emotions instead of acting whatever your heart says being emotional, so to be a trader you will have to know there is no place for emotional people as when price falls it’s time to show who patient and how wise you are, never panic just keep on holding and don’t take any action because of fake rumors.
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MI6
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February 10, 2019, 10:44:21 PM |
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You can't control also the market situation also for tgose people take the risk of the market you can't stop some emotion being happened in your mind selling it for low prices.
But you will have to hold on with your emotions instead of acting whatever your heart says being emotional, so to be a trader you will have to know there is no place for emotional people as when price falls it’s time to show who patient and how wise you are, never panic just keep on holding and don’t take any action because of fake rumors. In trading, follow our emotion is bad idea. Because it can make us panic or maybe afraid if miss a moment. And that is what trader's must face so they not make a decision carelessly.
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richminded (OP)
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February 12, 2019, 09:18:20 AM |
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2. Never skip the process - Some may look for an easy money but later on they will just failed because of not enough experience and knowledge. This can be related to your patience which is very important in trading right now and in the future. Take easy steps to become better in trading.
I want to highlight on this one because many newbies are trying to make easy money without having any fundamental background to support for their tradings. We should really go with the process, and never to depend on any hype news of the fud news. Traders must know how to be more patience on executing their research. In addition with this tips, maybe I can suggest for the new traders out there try to be more resourceful, there's a lot of ways now to learn how to trade do it better, don't take much risk on trading without the right analysis. Having more resources in learning trading can easily be done, and its good have it because the more the merrier. Just keep on doing better each and every day of your trading, don't take any shortcuts. The third tip to me may actually not be so correct,I think if newbie traders try to think like pros,it could lead them into taking drastic decisions and moves that would not be beneficial to them,trading is a process and it's gradual,before one should trade like a pro,you should be a pro
Newbies think so negatively nowadays, and they only listen to FUD news. Now if they do a little more professional action then they cannot be bullied by anyone and have a good trading decision.
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Julunguul
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February 12, 2019, 05:20:20 PM |
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1 . Keep on working - You cannot get something from nothing, just like in trading you cannot master trading in just one month, or less because its a long process. It will take sleepless nights, and a failure on trading, or even a big loss on your money, just continue because it will build your character.
Well too much losses in crypto also will make us get worst from economical side, actually this is also not a good condition at all. Even after doing some asset management, then we keep loses and still yet to recover our asset. Some people have to stop at this point
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ophyrim
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February 12, 2019, 05:30:16 PM |
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One more:
-Discipline: For example If you are a day trader and you trade for 2% with 1% stop-loss you always have to follow your rules. like a machine. No greedy and no fear of lost
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beerlover
Legendary
Offline
Activity: 3094
Merit: 1191
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February 12, 2019, 05:38:55 PM |
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One more:
-Discipline: For example If you are a day trader and you trade for 2% with 1% stop-loss you always have to follow your rules. like a machine. No greedy and no fear of lost
This is what being emphasized by many professional traders here in the name of importance of sticking with our trading plans. A trading plan must include money management and everything. Having limit for both profit making levels and stoploss level will be helping eliminating our emotions from overtaking our trading plans. We always must need to trade without emotions that must be a very big tip for every trader. Whenever we will be allowing our emotions to take control of our trading plan then a deviation will be leading to complete collapse of our hard work. Because, I have never seen our emotions leading to profits even that will be happening only for very less percentage compared to number of occurrence that we got collapsed.
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