Trade with planning

[Danumsigwasan]

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

[DevilSlayer]

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

Are you aware about "PTTP" It means that plan your trade and trade your plan. That acronym is important after all. For us to become profitable trader, we should always plan our trade and we should follow it. We will lose our money if we will just trading without a plan. Planning is the key on order to become prepared in the market. We will not become a successful trader if we are not planning our trades.

[btc_angela]

I agree that a lot of newbie traders got burned early here because they thought it is a get rich quick scheme. So they just buy or trade without planning and the results are a disaster. But there are smart investors as well, maybe they have the experience before or just used their logical mind to learn first before joining the crypto sphere. So those are the two sets of individuals. And I'm sure those who have lost their money here have learn a valuable lesson and next time they've going to trade will careful planning. It's up to us to choose which path we wanted here.

[Beparanf]

When we enter trading or anything that includes money and investment we need to do research, study and plans what we should do as it is not a joke to start with. We will put our hard earned money in it so we better plan before entering in it. I have known many who invest and quits easily since they thought crypto is a easy money that they will gain fast, they should change their outlook to really appreciate how it's possible to others to earn even in long run.

[moviebuff777]

You need a trading strategy but also you need to study the charts. Be prepared for volatility and know in advance how to react if the market makes a move in either direction.

[gabmen]

You need a trading strategy but also you need to study the charts. Be prepared for volatility and know in advance how to react if the market makes a move in either direction.

It's also essential to keep yourself updated with what's going on in the market. That should always be part of the plan as most of the time, the movement of the market is based on news and upcoming changes. Not saying that actually determines the volatility, but it affects it largely. You have to be flexible and be ready to react and take advantage of the good news and bad news.

[Savemore]

I agree that a lot of newbie traders got burned early here because they thought it is a get rich quick scheme. So they just buy or trade without planning and the results are a disaster. But there are smart investors as well, maybe they have the experience before or just used their logical mind to learn first before joining the crypto sphere. So those are the two sets of individuals. And I'm sure those who have lost their money here have learn a valuable lesson and next time they've going to trade will careful planning. It's up to us to choose which path we wanted here.

Newbies are so very greedy where they thought that they can earn big amount of money in just short time. It is not the reality, there are big risks in trading and all of newbies should be aware of that. Newbies should protect first their capital befor they focus to earn big amount of money. Planning is required before we trade, we can win in a trade if we have plan.

[Distinctin]

Planning is one of the vital things we need to prepare before we run into a certain business or whatever it is.
What we would like to expect if we don't have this? Of course, you can't expect to have a good result. If we don't have this in trading( particularly) we can't assure that we become profitable on the other hand.

[nicolas1979]

All activity need plan as guide, in this part knowledge, money and risk combine to give us good strategy. The articles is good but need one topic, specially about mindset. This part is really important to start realistic plan become expert. People only focus in strategy and control emotion but forget about mindset. Next time you can include mindset topic in your articles, as newbie we need the right basic to start.

[Wexnident]

Well, with how the bubble last time made BTC reach 19k or so, A lot of traders and non-traders who know of the existence of the crypto market suddenly entered and BELIEVED they can make a really huge profit. Just like how traders bought at 16k, believing it would actually go up but then suddenly crashed down, then they resold at a low price, non-traders also did this, and they even did it much worse than those traders. It's like they expect the money to flow through their wallets without doing anything or waiting for anything, which lead to them buying high and selling low, losing much money that they have.

[Sanugarid]

I agree that a lot of newbie traders got burned early here because they thought it is a get rich quick scheme. So they just buy or trade without planning and the results are a disaster. But there are smart investors as well, maybe they have the experience before or just used their logical mind to learn first before joining the crypto sphere. So those are the two sets of individuals. And I'm sure those who have lost their money here have learn a valuable lesson and next time they've going to trade will careful planning. It's up to us to choose which path we wanted here.

Newbies are so very greedy where they thought that they can earn big amount of money in just short time. It is not the reality, there are big risks in trading and all of newbies should be aware of that. Newbies should protect first their capital befor they focus to earn big amount of money. Planning is required before we trade, we can win in a trade if we have plan.

Not only beginners but also professional traders are also prone to losses. When we talked about greediness, no one is exempted, all of us are vulnerable and we have nothing to do about it but just to control our own mind and emotions.

Discipline is a must in trading, proper management of money and planning is the best option. Planning is essential for the next step that you will execute in the market.

[AniviaBtc]

I agree that a lot of newbie traders got burned early here because they thought it is a get rich quick scheme. So they just buy or trade without planning and the results are a disaster. But there are smart investors as well, maybe they have the experience before or just used their logical mind to learn first before joining the crypto sphere. So those are the two sets of individuals. And I'm sure those who have lost their money here have learn a valuable lesson and next time they've going to trade will careful planning. It's up to us to choose which path we wanted here.

Newbies are so very greedy where they thought that they can earn big amount of money in just short time. It is not the reality, there are big risks in trading and all of newbies should be aware of that. Newbies should protect first their capital befor they focus to earn big amount of money. Planning is required before we trade, we can win in a trade if we have plan.

Not only beginners but also professional traders are also prone to losses. When we talked about greediness, no one is exempted, all of us are vulnerable and we have nothing to do about it but just to control our own mind and emotions.

Discipline is a must in trading, proper management of money and planning is the best option. Planning is essential for the next step that you will execute in the market.

When we talked about discipline, application is important for you to practice managing your actions and thoughts. In order to have a right planning, technical analysis must be executed in the market for you to know what is the next move you will perform.

[avatar_kiyoshi]

Discipline and consistent practices is the most important things to do in trading.
All things about fundamental trading become useless without discipline and consistency, also it's difficult to achieve successful in trading.

Don’t resign your job before you make savings that can fund your living for more than 3 months.

It's hard to apply, because the focus will be divided between job and trading. Unless it's remote job.

[palle11]

I think trading is considered as a career for those that are called as "professionals ", those who have plans and built strategy overtime and this is why they stay through it even when their order is going down, they don't exit until they are sure their plan at that time has been swallowed by the market. But those who run out and in for me are not yet traders but they want to make money through trading.

[bitbunnny]

Well, some people think that trading is equal as gambling so they trade without plan or strategy relying on pure luck.
Of course that is completely wrong approach and can only lead to losses that you could have avoided
Before you start to trade it's necessary to define your goals and plan and strategy how to achieve that. We all know that plans sometimes don't go as we wish so recovery strategy is needed too.

[jazmuzika217]

I am agree that we need to plan and thank you for the link. But I think aside from planning we need also to apply our knowledge and have continues learning about crypto trading. Because all we know that it is not only a job or even an extra income but we need to consider it as  profession that change our life.

[AbuBhakar]

I think trading is considered as a career for those that are called as "professionals ", those who have plans and built strategy overtime and this is why they stay through it even when their order is going down, they don't exit until they are sure their plan at that time has been swallowed by the market. But those who run out and in for me are not yet traders but they want to make money through trading.

I know people who already quit their job to focus on trading. Maybe they really are good in trading as they chooses more to trade than to expect a regular income. There are pros and cons but all we need is  really to plan and not be too fast in thinking. I'm planning to do it so but will need to set my goals and identify whether it will be sufficient or too risky to do so.

[milewilda]

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

Of course! Everything do really need a plan specially with trading which it isnt really an easy thing when it comes to basic knowledge or we do call basics of the basics then i do go with Babypips.com.

[Assface16678]

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

Of course! Everything do really need a plan specially with trading which it isnt really an easy thing when it comes to basic knowledge or we do call basics of the basics then i do go with Babypips.com.

To do trading, we must consider a lot of things. If we are a newbie in cryptocurrency trading, we must read a lot of things that contribute to our knowledge of trading. Today it is not hard to find sources of information on the internet because, by just a single search, there is a lot of information given to us. Trading is an exchange of coins into different coins, and by this kind of process, it can give profit depends on the value of both currency. We must consider too what coin do we need to trade because not all of the coin is suited for short term trading, and not all of the currency is good for long term trading. To make sure all of the activities we are doing is cryptocurrency will benefit us, to make sure those trade also consult with the trading experts to avoid loss of income.

[piebeyb]

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

usually in the case of many traders who have lost, so too the experts they also experienced defeat in trading it's just that experts usually take the moment to minimize defeat and can even turn back to victory, this is usually because they have experience like you said that people those who go out after losing are traders who are usually invited by friends to introduce bitcoin to him but do not provide any basis and any knowledge about trading so that he is trapped and then out, but this is great if those who lose learn from the defeat, they will become experts and expert trading like the others, but what you say and write may not be applicable to them, I think without that guide they will become great traders when learning from defeat