How to Think Profitably - a Trader’s Mindset

[kodtycoon]

yes a good mindset will make your mood good too and when it is applied in every trade you do it will certainly bring a calm effect that will make you more confident to take every good decision in the end, this is very important because in our trade must make choices that at least must be fast so that we can make decisions at the right time

[DeadCoin]

I would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.

[Mr_Akbar]

I would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.

I would agree with much of that. Education and experience are both critically important for trading. Though, you can lean on the experience of others if you know where to find mentors and/or a supportive community. I would say though, that one doesn't need to spend enormous amounts of time trading or analyzing. I definitely spend a lot of time doing it, but that's because I'm passionate about it and my day trading strategy has me dipping in and out of coins in minutes/hours.

[whirlcoin]

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

yes you are absolutely right the mindset of a profitable trader will definitely been different when comparing to the the struggling trader mostly they experience the people get successful in Crypto trading and people who are using the Bitcoin from a long period of time will definitely been profitable and successful.

[bonker]

First we need to drink profitably then the the success will be going with good and positive direction and profitable traders are came along with the development of Bitcoin in a long period of time so the experience will make a person into a profitable person in trading

[Remainder]

I would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.

That's a more realistic approach, you don't just think positive of being profitable without doing an effort to make it happen.
With your love on what you are doing, you can grow more and succeed as a trader.
Our journey as a trader will always continue, we never stop learning especially in this very unpredictable market.
Every information matters as that is necessary for our analysis.

[darkr]

I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.

A regular review of one's trading journal is definitely important. Having your trades evaluated by other traders can be beneficial, too.

Anyhow, it is always necessary to read the people's thoughts about trading and strategies of this business. Even if you do not use them, you will find something very useful for you.

[Oceat]

I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.

A regular review of one's trading journal is definitely important. Having your trades evaluated by other traders can be beneficial, too.

Anyhow, it is always necessary to read the people's thoughts about trading and strategies of this business. Even if you do not use them, you will find something very useful for you.

And this is how people use to exchange information to each other to expand their knowledge about trading. It is more informative than reading those books with lots of chapters that are time-consuming. Always take note the important part of trading that you think might help you in the future and always remember that in case you need it.

[_Django05_]

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? it’s not that winning traders formulate better trading strategies, it’s not that winning traders are smarter, it’s not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.

[Yamifoud]

If we have a positive mindset, will surely affect our trading course. Profits will depend on the market design, strategies we apply(as a trader) and a right choice of coins. Even though we want more profits (as it is in our mind) but it never be that easy and it needs us to work it well .
We know already how crypto market play's and it gonna be between us on how to make deal with it.

[jhongzjhong]

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? it’s not that winning traders formulate better trading strategies, it’s not that winning traders are smarter, it’s not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.

That was right, having a winning mindset in trading has a good impact while you are in trading. It contributes good emotion which contributes also to having positive vibes and may increase and boost your mentality function which is lead to having success in trading. Psychological mindset is very important when it comes in trading and think how profitable it is.

[maxreish]

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

I am not keeping any trading journal and I am very much interested on that. Been planning to download and try it. Since i want to track all my mistakes and my performance in trading.
Also, having a positive mindset in trading is a great help. But you don't have to be overly confident that you have a positive mindset, continue learning what you lack of strategies and styles.

[Caladonian]

It's a clear statement on how traders can manage this business with much higher confidence and much better chances, it's not an easy go richness scheme as it's composed of many factors to consider each time you make your entry positions, every traders have it's own way on how to escalate their trading business, you need to work with high analyzation skills and good judgement base from how you understand the market movements.

With good discipline within you, you are adding clear insight and good anticipations to what market can bring you.

[TalkStar]

Winner have got couple of things such as;

# Patience
# Updated knowledges about multiple projects
# Trading skill
# strong mind setup

In many cases losers have some of these things but the difference is that he can't apply all in a proper way.  

[Pattart]

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? it’s not that winning traders formulate better trading strategies, it’s not that winning traders are smarter, it’s not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.

That was right, having a winning mindset in trading has a good impact while you are in trading. It contributes good emotion which contributes also to having positive vibes and may increase and boost your mentality function which is lead to having success in trading. Psychological mindset is very important when it comes in trading and think how profitable it is.

But you also have to be prepared with all the risks, getting ready for all the worst things that will happen, because that will prevent you from disappointment and panic, when tough times happen. Positive thinking is important, thinking you will profit is important also because of the form of self-confidence and positive emotions. but don't overconfidence dude, because it will only get you into bad things.

[LUCKMCFLY]

Reading is very good and with many tips, the truth is that the mind of a trader or a market speculator has a lot to do with seeing trading not as the exit that will make you a millionaire at a time and in a magical way, but they see trading as if it were a business, that is, a business gives annual profits of almost up to 20% of the investment.

In trading you can do that 20% with just one move, what happens is that trading allows you to choose how much capital you can get 20% to represent the sum of many percentages approaching 20% ​​per year to be achieved with all the money invested, which, to the same as a physical business, it is required to have patience and wait for the good movements to enter the market and take a good position to see if the movement that we expect is executed.

Many traders are to see news, be aware of social rests, see youtubers, but there are others who only analyze the market, we stay completely away from the news, so that it does not interfere in any way with our analyzes, the only news that can change a market is to be a Fundamental.

I think a market speculator thinks that way and does not trust the news or the events that happen every day in any part of the world.

[shesheboy]

Thinking profitably ?  I think its bad because its the same as being greedy  . a mindset of a real pro trader is not mainly compose of profit or cash but he thinks about being positive because he needs to be foccus no matter how much negativity sorrounds him  because if he has a positive mindset he can continue waiting and trading for a longer term , that leads him to become succesful  .

[Ridwan Fauzi]

Each person has different thought about this thing but I don't understand when people says about some a ways that should be done by everyone to make a profit but he he doesn't know that each strategy always different. For instance strategy A suitable for people A and strategy B just suitable for people B, that is as far as I know when I start trading. However, for the something that all peole have a same thing is learn from the experience. This is so important to be a trader, you will have profit consistent if you did evaluation on each trading that you made. Because all of day we see the same chart and also we use the same factor to make our predict true.

[Mr_Akbar]

Anyhow, it is always necessary to read the people's thoughts about trading and strategies of this business. Even if you do not use them, you will find something very useful for you.

I definitely agree that learning about different strategies can often be useful. Learning how to evaluate different strategies is a useful trick, too.

If we have a positive mindset, will surely affect our trading course. Profits will depend on the market design, strategies we apply(as a trader) and a right choice of coins. Even though we want more profits (as it is in our mind) but it never be that easy and it needs us to work it well .
We know already how crypto market play's and it gonna be between us on how to make deal with it.

It's true that profits don't come easy at the start. In fact, it's never "easy" but with education and training it's definitely possible to be good at it. Ask a welder if they think welding is easy. They'll tell you that they just make it look easy!

I am not keeping any trading journal and I am very much interested on that. Been planning to download and try it. Since i want to track all my mistakes and my performance in trading.
Also, having a positive mindset in trading is a great help. But you don't have to be overly confident that you have a positive mindset, continue learning what you lack of strategies and styles.

Good luck starting your journaling journey! If you have any questions, don't hesitate to reach out.

Each person has different thought about this thing but I don't understand when people says about some a ways that should be done by everyone to make a profit but he he doesn't know that each strategy always different. For instance strategy A suitable for people A and strategy B just suitable for people B, that is as far as I know when I start trading. However, for the something that all peole have a same thing is learn from the experience. This is so important to be a trader, you will have profit consistent if you did evaluation on each trading that you made. Because all of day we see the same chart and also we use the same factor to make our predict true.

You're right that different traders have different strategies, even though they all look at the same markets. That said, some things like one's mindset and discipline make a big difference, regardless of what strategy they are applied to. Personal experience is a great teacher, but sometimes learning from other people's experiences can work too. This is really important in trading when mistakes can cost you real money.

[Bunsomjelican]

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

Of course winning traders they get profit while losing traders didn't get any profit.
Most of the traders who get profit are the one who applied day trade were there is a high chance for them
to earn daily as long as they know the proper procedure in trading. In short, they are well knowledgeable in trading,
while losing traders are majority of them they are neglectful, lack of knowledge, and greedy.
But your statement can be a good guidelines for the other community here in the forum.