A good advice for every traders.

[yulionoo]

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.

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

[1715355798]

1715355798

[Mumbeeptind1963]

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need  a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

[lina2018]

I want to say if you are a trader then you have to be enough patince and hold your asset for long time

[asus09]

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need  a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

Its not free site way to earn money with bitcoin and altcoin investing because if always try we lost much money and how to start investing again without have money, maybe learning first with technical when have to buy and sell bitcoin, without have knowledge we can get profit and success with bitcoin and altcoin investing, we have know about internal and external of bitcoin situation.

[CarnagexD]

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need  a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

try and try until you succeed? Trading cryptocurrency makes a difference on that quote, you cannot just try and try after try... it will be more right if it's try and try if you afford to lose because the market will test you until you lose your patience and money since volatility is at the very high rate especially top 10 coins in the market. A good advice for now is just to hold until the next halving, that might be a good strategy for the moment.

[Subbir]

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.

Trade won't come so easily many studies will need to be done but success will come here but so as to be a successful trader, you want to follow the instructions in order that the danger of loss is far lower Stop loss is certainly one among the foremost important things here.

[mbakruroh]

Your post is right, as trader we should do that and never use bot/ trading signal for better result. I make journal to write everything I do ( strategy & money management ) as basic decision to execute my strategy. If something wrong happen I just look the journal to find the mistakes, change it and test again. This repeat activity will become good habit, train us to disciplines and respect our skill better than yesterday.

[Visbay]

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.

Trade won't come so easily many studies will need to be done but success will come here but so as to be a successful trader, you want to follow the instructions in order that the danger of loss is far lower Stop loss is certainly one among the foremost important things here.

I also suggest every trader that its not good to trade without knowledge as to when you are trading its important for you know what you are exactly doing and be ready to face the problem that could come in your way while trading. Mostly new traders get worries about market changes and they sell early for panic which is not a good thing at all.

[Cacingkemi]

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need  a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

there are times when we really need to have a strong belief in ourselves in trading, because sometimes the advice and input obtained from others may not always be able to minimize losses. however, we must be able to bear all the risks we will face in the trade that we do.

[Fuchbau]

A good advice for every trader?

Don't.

It's a common fact that in forex, 96% of new traders lose money and give up when their funds run out.

There is no reason to believe that this % is any different in crypto: if you factor in the extra risks of being scammed by wallets, exchanges and sundry thieves, the % is probably even higher than that.

So that means there's nothing in this forum that's not a scam?

have you ever found one that's good?

[Karmakid]

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need  a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

there are times when we really need to have a strong belief in ourselves in trading, because sometimes the advice and input obtained from others may not always be able to minimize losses. however, we must be able to bear all the risks we will face in the trade that we do.

It is better to believe in ourselves rather than to believe other people on their opinion about the things that you should do. Just because they are making profit then that doesn't mean that they are always right, just take the tips and always customize based on your strategy. Execute base on your own point of view and if you make mistakes, improve and try again.

[crossabdd]

some time ago, around 2016 I was an active trader. and you are right. I made a lot of money but was still afraid of losing. because the advantages and disadvantages are always side by side. I once thought to record every mistake I made in trading that made me lose. but every time I profit, I always forget. This is true, it is better if these tips are applied in trading. and can minimize losses.

[gweedo]

These are the best advice for all traders. I think it will help a lot of newcomers here and it will minimize the losses in trading. I am also a trader and I have been doing this for more than 3 years, up to now I still often lose money because every day the market becomes more unpredictable and harder to control than before and what makes me lose the most in this market is the lack of assertiveness. And a true trader needs to be assertive to act at all times in different market conditions, up to now, I haven't been able to finish it, it's really difficult

[Kambal2000]

These are the best advice for all traders. I think it will help a lot of newcomers here and it will minimize the losses in trading. I am also a trader and I have been doing this for more than 3 years, up to now I still often lose money because every day the market becomes more unpredictable and harder to control than before and what makes me lose the most in this market is the lack of assertiveness. And a true trader needs to be assertive to act at all times in different market conditions, up to now, I haven't been able to finish it, it's really difficult

And this is all what we need as well, we all need the advice from the experts as they will be our inspiration in our trading journey, because if we will just rely on our own then I don't think that we will be succeed, so we also need to check the others opinions, skills, advice and experience for us to learn more.

[Wapfika]

some time ago, around 2016 I was an active trader. and you are right. I made a lot of money but was still afraid of losing. because the advantages and disadvantages are always side by side. I once thought to record every mistake I made in trading that made me lose. but every time I profit, I always forget. This is true, it is better if these tips are applied in trading. and can minimize losses.

I don't do recording too, there is someone who also tell me to record it, but what important is we learn in that lose, we need to know that losses is part of trading. We need to work harder to improve our skills in trading and find ways to be knowledgeable enough in what we're doing.

[mersal]

Change your trading strategies or styles when the existing one doesn't give enough profitable for a while.And find your trading method based on your experiences and needs don't just rely on other which may not work for you either.

[Chrystora123]

snip..

I appreciate the advice you give.. but what you suggest is only a theory of how to trade well.  while in practice, self-control is what determines whether the trader is losing or profitable.  self-controlling includes controlling our greed because successful traders are traders who are not greedy and are able to control themselves and their time.

[cryptoangel]

About 2 years ago I started Trading that time I lost my many fund for trading.
Now I am very careful about trading.
I always research any coin which i want to trade.
Thanks for share about trading.           

In crypto logic is little different from any other investment so beginners are loose the funding in crypto investment. But 2 years ago market was growing well so everyone earn some profit in crypto trading. I always suggest new investors are carefully participate each trade and long term investors are never loose the hope because they have secure volume investment.

[rijaljun]

About 2 years ago I started Trading that time I lost my many fund for trading.
Now I am very careful about trading.
I always research any coin which i want to trade.
Thanks for share about trading.           

2 years ago is the best time to make money from trading and no way you lost lot of funds during those beautiful days. But if it was real then is okay, no one makes real profit in the first day of trading, as long as you learn from your mistake and you fix it in the next time then you should be okay.

Let's keep learning of everything so we can adapt in any condition.

[CarnagexD]

some time ago, around 2016 I was an active trader. and you are right. I made a lot of money but was still afraid of losing. because the advantages and disadvantages are always side by side. I once thought to record every mistake I made in trading that made me lose. but every time I profit, I always forget. This is true, it is better if these tips are applied in trading. and can minimize losses.

I don't do recording too, there is someone who also tell me to record it, but what important is we learn in that lose, we need to know that losses is part of trading. We need to work harder to improve our skills in trading and find ways to be knowledgeable enough in what we're doing.

I record my trades too when I lose back then but the thing with recording is you can base your technical analysis using it so you can have better plans on the next move. Recording is helpful until I find it too complicated when market becomes crowded and whales become playful, the market became more unpredictable and so recording becomes useless anymore.