A good advice for every traders.

[Visbay]

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.

Yeah, every trader should have a strong belief in his abilities and it’s not good for them to walk on the wrong path just because other people are guiding them so traders should keep their eyes open while choosing projects. It’s traders own responsibility to know the right time for buying and for trading but don’t listen to other people for trading.

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[Wipeout2097]

Your points are appreciated,Further traders also work on control fear of losing and just believe in having skills and decision power. Sometime rumors in news down the traders and most trader on initially stage quit on trade just because of rumors.

Stop loss option is blessing for you must apply it on your trade,will help  to save your funds. Money management have also importance in trading,Manage your money accordingly. Invest amount which you afford to loose and retain that you recover the amount you loose.

[Ahimoth]

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.

Yeah, every trader should have a strong belief in his abilities and it’s not good for them to walk on the wrong path just because other people are guiding them so traders should keep their eyes open while choosing projects. It’s traders own responsibility to know the right time for buying and for trading but don’t listen to other people for trading.

Listening to other people's advice sometimes give you good and bad decisions, so just get those some good ideas and don't use them all. You can't live all alone, so we still need others help but not all situations you can rely on them. We can do all trading with our own, and if you find it difficult just prefer to choose long term trading instead of quick trading.

[Blackdeath]

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.

Yeah, every trader should have a strong belief in his abilities and it’s not good for them to walk on the wrong path just because other people are guiding them so traders should keep their eyes open while choosing projects. It’s traders own responsibility to know the right time for buying and for trading but don’t listen to other people for trading.

Listening to other people's advice sometimes give you good and bad decisions, so just get those some good ideas and don't use them all. You can't live all alone, so we still need others help but not all situations you can rely on them. We can do all trading with our own, and if you find it difficult just prefer to choose long term trading instead of quick trading.

If you have difficulties in managing your portfolio and watching the charts it will be better if you choose long term trading instead of daily trading because daily trading is riskier and it is a lot of work actually, especially if you can't control your emotions because you might end up having more losses than earning.

[ichai]

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.

The above comments are really great for new traders. These habits are what disciplines a new trader and it's important to your long-term future victories. In my opinion, you should apply these methods to the demo account. Anyway, it is a discipline that you need to practice and the demo account will help you do it for free, do not try to make money at the beginning when you do not have a good trading plan.

[FLoving]

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.

Two years ago was the best time because none of the bad news came out in the crypto world and then after the ban of China of blockchain made it hard time for the crypto but again China is back for blockchain and again the halving will attract a lot of investors to the bitcoin and they all will also try to increase their portfolio so they all will again do trade and this will again make the time just like the two years ago. We have to hope for the best time and have to support the bitcoin and crypto currencies. This will again bring a best time for all of us and we all will earn in trading easily.

[Andrew Parker]

My only advice would be that we should always try to control your emotions. Trust me any reader out there, you win 90% battle, if you gain control over emotions. You might here that knowledge or experience is vital, but believe me, having gone through all, I can tell you even without these things you can do well if you just have the patience and control over emotions. As per rest, good broker too helps like it does for me in FreshForex.

[alan2here]

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.

Two years ago was the best time because none of the bad news came out in the crypto world and then after the ban of China of blockchain made it hard time for the crypto but again China is back for blockchain and again the halving will attract a lot of investors to the bitcoin and they all will also try to increase their portfolio so they all will again do trade and this will again make the time just like the two years ago. We have to hope for the best time and have to support the bitcoin and crypto currencies. This will again bring a best time for all of us and we all will earn in trading easily.

Most of the news appearing in China will have a great impact on this market and in 2019 there was a lot of news that made this market more difficult to predict. Currently, trading during this time will face a lot of risks and you should think carefully before making a decision.

Personally, I'm afraid of the bad news because it's the time I often panic sell and it's hard to avoid losing money so hopefully this year there won't be news that will make this market worse.

[samcrypto]

For every single trader, these are very basic logic, if you don't do any of these you've been doing very wrong so far. I agree with every single step OP has talked about because these are basically the most important trading parts, without any of them you're looking at a trading that has no purpose and you'd never know what to do with your next trading since you haven't learned your lessons. So do these things but don't think they're going to be enough, they're just the most simple naked stuff you've got to do without putting anything on top of it, you're doing these things but then you're adding what you're doing and making it better and better the more you're dealing.

A lazy trader will never succeed because all the OP said is correct and as a trader you really have to create a monitoring list for you to know and to remind when to execute your trading plan. I do have a trading book, and I'm using it every time I trade I consider this one as a real job. Trading is more profitable if you are more discipline and responsible, don't be a trader who always depend on the trading signals, market fud news and the advice of someone.

[marcous]

The point is you must have a target that is not too grandiose or greedy intake profit if you want to be safe when trading. The percentage of taking profit or cut loss is needed. because that's one way you manage risk. listen to your own conscience. Never make the same mistake. one of them is not listening to your heart, if you are sure to sell it then sell it. don't hold it because you listen to a friend's advice that is not necessarily true. And this often happens I guess. And regret will arrive when you make the wrong decision

[MWesterweele]

A lazy trader will never succeed because all the OP said is correct and as a trader you really have to create a monitoring list for you to know and to remind when to execute your trading plan. I do have a trading book, and I'm using it every time I trade I consider this one as a real job. Trading is more profitable if you are more discipline and responsible, don't be a trader who always depend on the trading signals, market fud news and the advice of someone.

Indeed, we need to put some hardwork and effort on it also, a lot of time is also needed in trading ,because we all know that in trading we can earn a lot if the coin our holding is on pump and we are selling it at that price. If we are lazy and will not be able to monitor our coin a lot of opporunity and money will surely be losing.

[Darooghe]

Every traders should have a plan. if you don't have a plan, you will fail, and never jump into a trade blindly. It is not the trade that kills you, it is the size of the trade. So, use leverage carefully. Money Management is the most important though. But you also need to make sure your trading plan will produce profits. One could use money management on a losing strategy and still lose it all, they'd just lose it slower. Also do not trade with a small amount of money. Have at least $2,000-$4,000 before start trading.

[FLoving]

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.

Two years ago was the best time because none of the bad news came out in the crypto world and then after the ban of China of blockchain made it hard time for the crypto but again China is back for blockchain and again the halving will attract a lot of investors to the bitcoin and they all will also try to increase their portfolio so they all will again do trade and this will again make the time just like the two years ago. We have to hope for the best time and have to support the bitcoin and crypto currencies. This will again bring a best time for all of us and we all will earn in trading easily.

Most of the news appearing in China will have a great impact on this market and in 2019 there was a lot of news that made this market more difficult to predict. Currently, trading during this time will face a lot of risks and you should think carefully before making a decision.

Personally, I'm afraid of the bad news because it's the time I often panic sell and it's hard to avoid losing money so hopefully this year there won't be news that will make this market worse.

In the year of 2020 when there will be halving of the mining reward of bitcoin you do not have to worry for your money because just remember the year of 2016 when there was halving and at that year Russia banned bitcoin in their country and I remember at that time the price of bitcoin not reduced with that news and even at that day bitcoin rally continued.

[buwaytress]

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.

You're basically just saying what most people who pay attention will realise: the only time traders consistently make money is during a bull run. Even all the famous crypto funds and basket funds and algorithm traders find a huge correlation of profit with a bull run.

What's the take away from all this? Don't waste your time trading if you're just a guy going with the flow. Buy, hold, keep your day job. At least you'll gain back all that time lost in trading to actually earn something and maybe even learn from your job.

When the bull market comes, everyone will know it, you won't need to be a trader to know when ATH hits. Then you sell what you're comfortably letting go of.

[FLoving]

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.

You're basically just saying what most people who pay attention will realise: the only time traders consistently make money is during a bull run. Even all the famous crypto funds and basket funds and algorithm traders find a huge correlation of profit with a bull run.

What's the take away from all this? Don't waste your time trading if you're just a guy going with the flow. Buy, hold, keep your day job. At least you'll gain back all that time lost in trading to actually earn something and maybe even learn from your job.

When the bull market comes, everyone will know it, you won't need to be a trader to know when ATH hits. Then you sell what you're comfortably letting go of.

That is actually the process of long term trading or holding cryptocurrencies which is really a profitable process and no one lose in it if they have patience and they do not lose heart and sell in bad market while that is also right that traders always earn in bull market but the real traders do trade when they are in bad market and they strive to involve in trade and try themselves to earn in that market.

[IHF]

5. according to the records , if you find something wrong with your trading logic, fix it

I think that is were the REAL problem for most traders occur. They just dont really know what they actually have to fix. Therefore ideally you need an experienced mentor and good understanding of the Basic Success Principles in Trading. So, dont underestimate that point 5  

[3la9l_kolbaCa]

Personal logic with business logic must be one-way. If we don't manage to make the smart trades the losses are going to be massive and the wins will be tiny. You have to keep a close record of your trades and make sure you don't get stopped out in these massive fields of chopiness. You have to stick to your strategy if you trust it and have good money management.

Yes it is important to have skills about everything you start using to make money.  You should learn from different resources about trading and then choose the one you like the most. A trader should not be in a hurry to win profit or try to be rich faster, before buying coin just know about the coin and about trading platforms. If you will trust and trade blindly the result will be only lost so be careful.

To avoid any circumstances on trading blindly, don't be too aggressive on picking those non reliable and sustainable asset. Being to rush on every decision along with the desires of quicker profit will put you at risk and you'll tend to loss everything you had. Personally, my experience could let me share to anyone in order to help them prevent any possible mistakes. It's not easy to fail, that's why we needed to choose the best asset and hold it for several months to take into full maturity before earning the profit that we wanted.

[Capt00]

5. according to the records , if you find something wrong with your trading logic, fix it

I think that is were the REAL problem for most traders occur. They just dont really know what they actually have to fix. Therefore ideally you need an experienced mentor and good understanding of the Basic Success Principles in Trading. So, dont underestimate that point 5  

They can find it where it goes wrong because in the first place they don't know what they are doing. Losing, that is exactly where they go.
For sometimes, we also have to realize that trading won't go smooth all the time. Suffering such difference will often to happen but yet, isn't the way we should really be disappointed, tried to work it harder and be positive. 

[redsun114]

Trading is a lot risky, it’s very difficult to benefit from trading and if you check it’s only a few people that makes profit from trading. Take your first advice for an example – imagine that someone is trusting the wrong trading plans, what do you think is going to happen ??

So, the first thing should be finding the right plan that works, because it’s not every plan that is going to work, if you trust on the wrong plans you’re as good as finished because you will keep losing. Trading requires a lot of practice and as time goes on you will be getting perfect. Another very important advice any trader needs is to make sure that they are trading an affordable amount.

[Kevondo]

The point is you must have a target that is not too grandiose or greedy intake profit if you want to be safe when trading. The percentage of taking profit or cut loss is needed. because that's one way you manage risk. listen to your own conscience. Never make the same mistake. one of them is not listening to your heart, if you are sure to sell it then sell it. don't hold it because you listen to a friend's advice that is not necessarily true. And this often happens I guess. And regret will arrive when you make the wrong decision

Yes you are right. Trading is all about keeping yourself disciplined in accordance with the need of the hour. A person who is into the trading of cryptocurrencies must have a flexible approach towards the ever changing market. This helps you a lot in taking the right step at the right time. Trading is only beneficial when you apply your techniques at the required time.