WHAT DOES A TRADER NEED?

[Mahanton]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Fundamentals arent always precise when you do rely on making trading entries basing on what you do hear on.

Tools being used either fundamental and most of the time with technicals.Combining two things rather than focusing on one.

Tradingview is enough for me but analysis will vary into each trader.Just seek or find on what system of trading do works for you then
you should stick on it.

[1714195370]

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[1714195370]

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[1714195370]

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[adroitful_one]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Tradingview and whatever social media the coin you're trading generally uses are really all you need. It's pretty self explanatory why you need Tradingview. The social media information is key because sometimes you will see a huge, almost instant fall off and you'll want to invest at that time. But, you really need to go check the social media and see if there was some important reason for the fall off and decide whether or not it's worth the risk.

[Sahyadri]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Depends upon the interval you wanna trade.
If you are looking for long term. Look for a decent bottomed out entry and leave your investment until there is some massive bull run where you can exit and buy back in after the correction. For that you don't need much of technical knowledge or news updates. Basic idea and general news would do.
If you are up for short term or day trade. Sometimes technicals are more than enough. News could help only if you get it before everybody else. Mainstream crypto news won't be of much help.

[zeze18]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Depends upon the interval you wanna trade.
If you are looking for long term. Look for a decent bottomed out entry and leave your investment until there is some massive bull run where you can exit and buy back in after the correction. For that you don't need much of technical knowledge or news updates. Basic idea and general news would do.
If you are up for short term or day trade. Sometimes technicals are more than enough. News could help only if you get it before everybody else. Mainstream crypto news won't be of much help.

Even we're looking for long term investment, i think we should learn more and analyze more of what we going to invest because investing in crypto currency is 50:50 , either we will have so much profits or we will lost of our assets because random investment on a coin would be so dangerous in cryptocurrency, many scammers and dead projects.
We should only invest on a coin that has good credibility and have big community so the coin will survive for a long run

[Suslived]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

All of those are important but also unfortunately, TradingView is also not enough. If you really want to be a trader then you have to put in the time and effort to do the research and analysis across multiple platforms. You need to keep updated through crypto-related websites, Facebook trading groups, and even Twitter.

More than that, it might also be a good idea to start reading trading books.

[Tipstar]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

First one is the most important ones. Generally we are not aware of insider news and whale movements so the thing we can use to generate us a profit are news. As the crypto market is highly volatile, every bit of news brings change in prices. If you are first to read it and react, you'd than be followed by sheeps of investors. And you can make a profit before the trend stops. But if you are late by some %, don't follow others.

[Hamphser]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

First one is the most important ones. Generally we are not aware of insider news and whale movements so the thing we can use to generate us a profit are news. As the crypto market is highly volatile, every bit of news brings change in prices. If you are first to read it and react, you'd than be followed by sheeps of investors. And you can make a profit before the trend stops. But if you are late by some %, don't follow others.

The first one is good for some people who just started trading but it is not recommendable in the long run. What you need is a fundamental analysis on your own so that you won't have to vary your actions due to the news because some of the news and articles are fabricated. Doing so it would still be difficult because of the volatility of the market but at least you're not far from the result.

[Darooghe]

The most important thing a trader needs is a lot of capital, because most traders aim for a 1% daily return, that means that they need at least $10,000 to make $100 a day. However, very few traders can get this kind of returns. also, As a trader, it is more important to know that you will always follow your rules than it is to make money because whatever money you make, you will inevitably lose back to the market if you can't follow your rules, and leave your discipline.

At the same time you need to develop your thinking which typically comes from live trading experience. the market is your teacher, and As you trade over time you will learn what works and what doesn't. you need to learn basic technical analysis, chart reading, fundamental analysis, and risk management, and the most important skill is to fully understand how the way you think affects what you do which affects how much you make.

[DeadCoin]

The most important thing a trader needs is a lot of capital, because most traders aim for a 1% daily return, that means that they need at least $10,000 to make $100 a day. However, very few traders can get this kind of returns. also, As a trader, it is more important to know that you will always follow your rules than it is to make money because whatever money you make, you will inevitably lose back to the market if you can't follow your rules, and leave your discipline.

At the same time you need to develop your thinking which typically comes from live trading experience. the market is your teacher, and As you trade over time you will learn what works and what doesn't. you need to learn basic technical analysis, chart reading, fundamental analysis, and risk management, and the most important skill is to fully understand how the way you think affects what you do which affects how much you make.

Yes, the capital, constant update on things going around the coin you have chosen to trade, analytical skills and experience on it by studying the chart and trend moves, choosing the right coins with best services and projects and finally patience is the key to succeed in trading. Once you have invested into a coin after a complete study, just wait for its hike, do not go for panic selling. You need to get used to whales move and play accordingly. This comes only after a huge and continues experience.

[agentx44]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

All of those technical matter are greatly needed in order for you to become successful in trading but you should also pay attention on the attraibutes you need to attain to completelt be a great trader. You should be smart and wise with your decision making whenever you are trading, always make sure that you monitor the market value of the coin you are trading. You need to make sure also that you don't give your trust to anyone easily or else you would end up experiencing fraud and scams. Be patient always too because things here requires a lot of time before getting in good shape.

[bitbunnny]

First of all good trader needs knowledge and information. Then all those techical things like charts, analisys and everything else along with following news. But be very careful with news sources and especialy don't trust social networks.
What will help you the most is experience and self confidence but that comes with time.

[pixie85]

I would say that the only things that a trader needs are technical analysis, risk management and a rested, clear, emotionless mind so he can take the right decisions based on his edge.

How about coffee? A lot of it. Or if you don't like it you can choose coke or pills. Most pro traders are users addicted to whatever they can find starting from caffeine and and ending with hard drugs.

Of course that in order to place trades he's gonna need a broker(trading platform) and a charting platform like TradingView. Old professional traders usually use their own purchased software or the classical MetaTrader, but personally I think TV has a much better and easy to use interface than any other charting software out there.

And money, don't forget about money. Without money to trade with a trader is as good as a car without fuel.

[bitcoin31]

First of all good trader needs knowledge and information. Then all those techical things like charts, analisys and everything else along with following news. But be very careful with news sources and especialy don't trust social networks.
What will help you the most is experience and self confidence but that comes with time.

Sometimes traders have bad result in trading because they trust easily to the news in social media so I suggest next time better to know the real news or information before we take an action becaude for sure many of that people wants to see other people to suffer so they spread news that are not true.  Knowledge is very important in trading to know what do and don'ts.

[realaccountakira]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

You should be able to answer this question through a few google searches. But basically NO, tradingview is not enough, no matter how many analysis you read there, you will always fall short if you don't explore all possible streams of news.

You have to check crypto-related blogs, facebook groups, telegram groups, even twitter. You need to know whats happening and you need to read books about trading. If you want to be a successful trader that is.

[Ararbermas]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Reading news is very important for a traders, wherein to become updated  everytime about the market situation.  And also using a platform and tools is very useful as well but make sure to choose those had certain things which can help you to prevent risky situation. And lastly trading views is not enough wherein must make a technical analysis always to assure everything will be under control.

[tenakha]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

If you add "manage your feelings" to your list and stay on track, you can succeed. You should set certain rules and these rules should be at your side in every trade. Then, you should learn about how to make money in trade. Also never expect big profit. Always calculate your earnings in accordance with the interest on the money in your balance. The possiblity of 10% is the same, it does not matter you invest 100 or 100k.

[LouVandetta]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Aside from the things you've mentioned above, One thing you should add is How to keep your emotions together. Emotions took great part in how well you performed as a trader. How not to be Fomo-er guy or panic seller.

Only trading view is not enough, you need to combine both technical and fundamental analysis. But sometimes news could have quite a big of impact, so yeah, be smart.

[Ridwan Fauzi]

You must be able to balancing them (reading news, use tool if you think it will makes comfortable and know the ins and out about it, and your also your knowledge against analyst of trading). Each person will have their own strategy and you should have it, that you can count on.

For my self, I get used to use my strategy and do that I mentioned above according to the needs and the situation. If I got an useful information that I think it will makes prices move down and up then I'll choose it. But if the market movement is suitable to use technical analyst then I'll choose it. I think this strategy is really needed by all trader.

[CarnagexD]

Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

If you want to become a good trader you must have a lot of knowledge about it and you must keep on learning more new things. Reading all news about trading might also help you and I know all of us use some tools that guide us on doing trading. As a trader, you should always control your emotions and try to make your own analysis of a certain cryptocurrency. Lastly, make sure you will use a trusted and reputable cryptocurrency exchange so you can assure that your funds are safe and secure.

[gabmen]

Knowledge and experience. That includes losing a lot of trades in the process. There's no assurance in trading so a trader should be able to manage timing and his capital. Proper expectations as well that not everything will turn out the way you expected. And lots of patience. The market can push you to your emotional limits. It's a matter of always being prepared. Technical skills will come in time.