How to Think Profitably - a Trader’s Mindset

[wawanlindu]

Interesting information, the basis of everything is a mindset. What I get here is the core of the trader is that he is ready to lose, not always profitable.
I want to share a few tips for traders.
1. Professional traders always control themselves, not control the market.
2. Professional traders know that emotions are the main enemy of achieving success.
3. Professional traders do not intervene in the trading positions they have opened.
4. The way you think will determine your trading habits.

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[redsun114]

Interesting information, the basis of everything is a mindset. What I get here is the core of the trader is that he is ready to lose, not always profitable.
I want to share a few tips for traders.
1. Professional traders always control themselves, not control the market.
2. Professional traders know that emotions are the main enemy of achieving success.
3. Professional traders do not intervene in the trading positions they have opened.
4. The way you think will determine your trading habits.

That is a nice set of rules a trader should have to follow after his investment. However there are certain things that need to be understood and the important are you investment decisions and your research about a particular coin. The coin you want to invest in and trade in. You need to be well versed about such coins and only then I think trading could be profitable.

[jrrsparkles]

Interesting information, the basis of everything is a mindset. What I get here is the core of the trader is that he is ready to lose, not always profitable.
I want to share a few tips for traders.
1. Professional traders always control themselves, not control the market.
2. Professional traders know that emotions are the main enemy of achieving success.
3. Professional traders do not intervene in the trading positions they have opened.
4. The way you think will determine your trading habits.

That is a nice set of rules a trader should have to follow after his investment. However there are certain things that need to be understood and the important are you investment decisions and your research about a particular coin. The coin you want to invest in and trade in. You need to be well versed about such coins and only then I think trading could be profitable.

As a trader we don't have to analyse much about potential level of a coin,we have to analyse the price chart and how it will be reacting in the recent future will be enough,because we are going to trade those coins much often so we can get the profits and change the coin if there is necessary due to the downfall on the pevious coin.

[babysweetTiger0401]

In the first the first place, you must set your goal here in crypto trading pal.
Like You should know what coins you are going to trade or buy, then know the flow of their
plan too, also find out how many community they have who supported their coins, and
last the volume in the market must have a high demand and high buyers most of the time.
These are some of the factors you need to consider for you to have a profitable things
in crypto trading.

[akram143]

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 right if you are thinking profitably then you need to be careful and more talented because in all the situation we can make the money using the trading strategy and techniques if you execute them properly then the profit is in your hand in every time that's why the mindset is need to be stable and comfort in all the situation.

[senyorito123]

In the first the first place, you must set your goal here in crypto trading pal.
Like You should know what coins you are going to trade or buy, then know the flow of their
plan too, also find out how many community they have who supported their coins, and
last the volume in the market must have a high demand and high buyers most of the time.
These are some of the factors you need to consider for you to have a profitable things
in crypto trading.

I believe it's all in the mindset. It may not be easy but with the right ideas and fundamental knowledge then it can be realized. Focus on profitability, profitable thinking does not only mean that you're effective and efficient, you have to be a true problem solvers. Complexity is the number 1 killer to successful trading. Trading should be simple in order to be profitable. You have to understand what you want to achieve, develop a trading strategy. Keep your emotions separate from trading.

[DeadCoin]

I always set up a very low profit when placing selling orders. This brings me a decent profit everyday from $20 to $25 which is so good taking from $500. This indeed pushes me to learn more trading practically and multiple my invested amount.This is the way i grow my fund in trading

[Finestream]

In the first the first place, you must set your goal here in crypto trading pal.
Like You should know what coins you are going to trade or buy, then know the flow of their
plan too, also find out how many community they have who supported their coins, and
last the volume in the market must have a high demand and high buyers most of the time.
These are some of the factors you need to consider for you to have a profitable things
in crypto trading.

I believe it's all in the mindset. It may not be easy but with the right ideas and fundamental knowledge then it can be realized. Focus on profitability, profitable thinking does not only mean that you're effective and efficient, you have to be a true problem solvers. Complexity is the number 1 killer to successful trading. Trading should be simple in order to be profitable. You have to understand what you want to achieve, develop a trading strategy. Keep your emotions separate from trading.

Exactly.Learn to make profits through your own trading strategies and not from your own emotions.Having a winning mindset brings a lot of positive traits that will make you more profitable in trading.Knowledge,focus in trading and setting your goal profits in trading will guide you to end up trading profitably.

[Xising]

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.

Good read mate, and I somehow agree. I think what this strategy likes to front is the fact that trading is a science, and so, it should be measured through terms that can be quantified. I agree on that idea because some people just like to randomly choose some coins and bet on it, without actually looking behind its history and in its background to them that idea that having to strategize to gain big through trading is possible. Many of the seasoned and successful traders have often stated that there's a lot of data gathering and appraisal that is connected with making it big with the cryptocurrency market. If one is not patient enough to do some road work, then it would be highly unlikely for them to succeed.

[juperos]

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.

I have recorded my transactions and set profit targets but I cannot do it because I am greedy.
It was so bad, I had a lot of failures in the early days of trading. I did not care about the small amount I got from the transaction.
How to improve this bad habit? I really hate it.

[slaman29]

Good read mate, and I somehow agree. I think what this strategy likes to front is the fact that trading is a science, and so, it should be measured through terms that can be quantified. I agree on that idea because some people just like to randomly choose some coins and bet on it, without actually looking behind its history and in its background to them that idea that having to strategize to gain big through trading is possible. Many of the seasoned and successful traders have often stated that there's a lot of data gathering and appraisal that is connected with making it big with the cryptocurrency market. If one is not patient enough to do some road work, then it would be highly unlikely for them to succeed.

Of course we can all agree to a certain extent, that mindset helps people to get success. With a positive mindset you see opportunity, if you were negative you wouldn't have seen it. But something like trading isn't just about individual strengths and individual control. The market is a different entity, uncontrollable and you have very little ways to minimize your own risk, every trader is almost completely vulnerable to how the market moves, no matter positive or negative.

And that is something people need to realize 100% before they even think to enter trading.

[maydna]

I always set up a very low profit when placing selling orders. This brings me a decent profit everyday from $20 to $25 which is so good taking from $500. This indeed pushes me to learn more trading practically and multiple my invested amount.This is the way i grow my fund in trading

That is great, and that is what we need to do related to the market situations. It's not a problem if we could take a very low profit, but if we can repeat the process over and over, I am sure that in one day, we can make much profit. Besides that, I am sure that you can improve your skills in trading so you can be able to make more profit in the future. I have the same experience as you, and I am fine with low profit because I am sure that in the end, we can collect much profit and you already prove it.

[GregH37]

I always set up a very low profit when placing selling orders. This brings me a decent profit everyday from $20 to $25 which is so good taking from $500. This indeed pushes me to learn more trading practically and multiple my invested amount.This is the way i grow my fund in trading

That is great, and that is what we need to do related to the market situations. It's not a problem if we could take a very low profit, but if we can repeat the process over and over, I am sure that in one day, we can make much profit. Besides that, I am sure that you can improve your skills in trading so you can be able to make more profit in the future. I have the same experience as you, and I am fine with low profit because I am sure that in the end, we can collect much profit and you already prove it.

Using $500 to trade and earning about $25 is really not a bad deal mate, that is about making 150% of his capital every month. Which investment will give him this on a monthly basis man? I think he should just stick with it this way than to be a little bit greedy and aim for more profit, then lose all his investment.

No matter his skill, no one is perfect when it comes to trading which makes us vulnerable o mistakes. Just like you have advised, I think we should just be fine with low profit that is less risky than high profit that may make us lose out of everything.

[wawanlindu]

That is a nice set of rules a trader should have to follow after his investment. However there are certain things that need to be understood and the important are you investment decisions and your research about a particular coin. The coin you want to invest in and trade in. You need to be well versed about such coins and only then I think trading could be profitable.

Yes, that is true. At least we follow their social media accounts, so we know what developments have been achieved.

As a trader we don't have to analyse much about potential level of a coin,we have to analyse the price chart and how it will be reacting in the recent future will be enough,because we are going to trade those coins much often so we can get the profits and change the coin if there is necessary due to the downfall on the pevious coin.

I know what you mean, the point is that we should not love one coin, it would be good to research coins that could develop in the future.