A good advice for every traders.

[Piston]

In the year of hard work and self-reflection on your trading strategies pushing the success rate up to between high price in my experience. Discussions with other firm managers reveal stats the market. The true statistic is probably somewhere in the middle. Good traders make decisions with relative ease because they understand their rules and what they are trading and looking for in the market. Their commitment to their trading plan and process is unshakable. They do not let other people's opinions affect their judgment.

[1715336682]

1715336682

[1715336682]

1715336682

[1715336682]

1715336682

[1715336682]

1715336682

[1715336682]

1715336682

[Mactrading1028]

Having a trading tool that benefit traders, check out HyperLinq, their app Hypertrader is in beta so free to use and they have a strong presence in discord as well.

App Info: https://hypertrader.app
Discord: https://discord.gg/JsgvfUQ

[Vitalicus]

Sometimes you should listen to the analysis of others and from that you can either make you own analysis or add some analysis so its safe where you gonna enter or exit. Recording of your trade decision makes someone confident about trading, some people forget why they enter or exit. Emotion is very important and patience in every trading decision.

I usually try not to hear others analysis.
I did once and I was forced to buy a coin that was not profitable and I wouldn't buy it if I didn't listen to this stupid analysis. There are a lot of people who give false info in order to pump coins for their own benefits.

Yub. You shouldn't hear or follow any other analysis. You can take their advices but don't bet your money in it. The best way to deal with the market is to equip yourself with informations, statistics, skills. You really have to study seriously about this market before joining it to avoid losses.

[The cure]

First start small amount only.Protect your trading capital, limit your risk per trade to a maximum of a 1-2% of your whole account to reduce the effect of losing as you will preserve the majority of your trading account. Study the market flow and always use a stop loss to control your order.

[Awraawra]

Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.

You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?

Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. add your trade into a trade journal (advice from @GreatArkansas)
7. do the things 1-6 above again


Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

It's a very good advice especially to those new in trading there's a lot of new trader are complaining to their lost because of lack of knowledge about trading. Hope this is a big help to them. Hope that they can read this advice and tips to earn in trading.

[Reatim]

You must always try to act with a very cold head and a clear calculation plan.

I like this,Clearer mind will always save us from wrong decision making like what most traders do to fail.

I remember some Hot headed friends that always cry after failing.

Without realizing that the main reason why they loss is because of their un predictable mind.


and also Calculation is one good thing for taking a  trading,some has this but making greed calculating their incoming profit so in the end?

it is losing is what comes them.

[Latviand]

A good tip for any trader is to connect a trading bot and enjoy the profit.

How many times we will say that BOTS are not the effective in any circumstances? Yes, bots are useful depending on the market situation and your strategy, but it is not guaranteed that this bots will give you huge profits than a manual trading. That's clearly not a good tip, especially from beginners who wants to grow in trading.

Traders should not rely on a trading bot no matter what happens. Trading bots are just an alternative way on earning profits and that's not a 100% win if you use trading bot everytime. Risks are still there and you need to minimize it and it is easy to do that if you always perform manual trading in the market.

Manual trading will help you improve your technical analysis as you always monitor the market situation and that's the good thing here. You can improve yourself in making effective strategies that will help you win most of your trading transactions.

[GreatArkansas]

You must always try to act with a very cold head and a clear calculation plan.

This is simple but for sure it's very difficult to apply especially if you are new in trading cryptocurrencies.
It's just like you are planning everything well but when you try to execute the plan something's wrong.
Well, it's normal for every trader sometimes. That's why if we need to become a trader we should really have a calculation plan with controlled emotion and cold headed/not greedy.

[kolbalish]

Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.

You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?

Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. add your trade into a trade journal (advice from @GreatArkansas)
7. do the things 1-6 above again


Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

Already pointed something important. I can only say to set your goal first with your assets. Patience must be needed in this respect.

[lienfaye]

Already pointed something important. I can only say to set your goal first with your assets. Patience must be needed in this respect.

True, think what your goal is.
Have plan and strategy then stick to it.

The tips of op are helpful to traders whose having a hard time building their own trading logic or plan. Anyhow discipline and patience are needed to do this.

[bitbunnny]

Already pointed something important. I can only say to set your goal first with your assets. Patience must be needed in this respect.

True, think what your goal is.
Have plan and strategy then stick to it.

The tips of op are helpful to traders whose having a hard time building their own trading logic or plan. Anyhow discipline and patience are needed to do this.

You are right, planning is very important in trading, many people consider it as a short term investment, but we should always aim for the long term investment. Of course, crypto is unpredictable how far the companies will deliver the things what they mentioned in the roadmap.

Planing and strategy are very important in trading, I agree. However, many traders forget about that and trade along the way making decisions ad hoc. That can the risk in trading make even bigger and lead to unnecessary losses. Although plans might change according to situation in the market it's better that you always know which path to follow to achieve your trading goals.

[Nhor1011]

Each of us has our own goal and strategy in trading just to earn money from it. Sometimes it's good to follow some advice but we are still responsible on how to use it to meet our goals and to avoid loses. Also our own experienced would be a great learning tool that we can use to improve our strategy and to develop our trading skills without the help of others because in trading we can't rely to others just to earn or to avoid loses. It's all in our hands.

[Fredomago]

Already pointed something important. I can only say to set your goal first with your assets. Patience must be needed in this respect.

True, think what your goal is.
Have plan and strategy then stick to it.

The tips of op are helpful to traders whose having a hard time building their own trading logic or plan. Anyhow discipline and patience are needed to do this.

You need to set your goals and the right attitude to achieved and complete your journey, discipline played a big role since it's the tools to make sure that you are sticking to your plans. If you properly set everything up the outcome will take you positively as no matter what will happen you are capable handling each situations that might strengthen you to continue completing your success.

[Blue_oxen]

You need to set your goals and the right attitude to achieved and complete your journey, discipline played a big role since it's the tools to make sure that you are sticking to your plans. If you properly set everything up the outcome will take you positively as no matter what will happen you are capable handling each situations that might strengthen you to continue completing your success.

True! Besides, you should learn how to do risk management. When you set your goal, always think about the worst scenario. In that way, you can set your cut-loss target! Of course, you'll do everything and try to achieve your goal. However, in bad circumstances, you need to be wise and absolutely careful to remove the risk and accept the losses!

[tvplus006]

First start small amount only.Protect your trading capital, limit your risk per trade to a maximum of a 1-2% of your whole account to reduce the effect of losing as you will preserve the majority of your trading account. Study the market flow and always use a stop loss to control your order.

It all depends on the size of the initial deposit. And if we are talking about just a few hundred dollars, the amount of 1-2% may be less than the minimum that is set on the exchange for placing an order. Therefore, the owners of a small deposit place orders for the entire amount or use margin trading, thereby increasing the chance of losing the deposit.

[Renampun]

I think the advice for every trader is to create a portfolio and risk management, such as arranging stop lose, stop losing is very important, if for the spot market I think it does not matter, but for futures trading you must be prepared

risk management is very important...
traders who do not have risk management will only make themselves lose their assets, becoming a trader is not an easy job, it needs a plan and a mature concept in order to make a profit.

[Katerin05]

I agree with all the points above. But you need to try several strategies. And then choose the best one.

[adsdas]

I think the advice for every trader is to create a portfolio and risk management, such as arranging stop lose, stop losing is very important, if for the spot market I think it does not matter, but for futures trading you must be prepared

risk management is very important...
traders who do not have risk management will only make themselves lose their assets, becoming a trader is not an easy job, it needs a plan and a mature concept in order to make a profit.

Managing risk is not always easy because if the market is not stable, you will certainly be very difficult to manage and will tend to panic when this happens. I think that before deciding to invest, there should be two plans to prevent the unexpected happenings that you can not anticipate. I'm not good at risk management but know when to stop and when to continue.

[AakZaki]

A well-planned plan and concept will make it easy to trade. Having a good trading strategy will give you direction where you need to go and make decisions. also the most important thing is to regulate the capital used and regulate the piscology so as not to hesitate in making a decision. Then later it will be followed by technical analysis, fundamental and sentimental analysis.

[Synaesthesia]

A well-planned plan and concept will make it easy to trade. Having a good trading strategy will give you direction where you need to go and make decisions. also the most important thing is to regulate the capital used and regulate the piscology so as not to hesitate in making a decision. Then later it will be followed by technical analysis, fundamental and sentimental analysis.

It is very difficult for things to go exactly as you think because I have been in this market for a long time and until now, I still have a lot of big risks in investing. I think that just having a clear plan at the beginning of trading is enough and needing a backup plan when the market suddenly has a big adjustment. Every investor's decision will affect your current assets so try to try.