Traders need to learn

[Ifemini]

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

[cengat]

One of the core troubles accustomed to traders of crypto currency is their mindset.
Believe me, as a trader, you need to be confident and always trade to win and make profits.
Never have it in mind that you are trading to lose, develop a strong mentality and always dyor
Your mindsets determines what you see on a trade chart anytime

Honestly it is more likely that traders need to learn more about companies/coins they are investing in.
Your attitude and confidence matters for your mental health, not for results and profit

[cabron]

I have been trading for awhile to which I came to a realization that only USD matters at some point. When crisis strikes, its the USDT that we kept to hedge. When the bear market came and everyone panics, its the USDT that saves us from not losing more than -80%. So when you trade keep this mindset as always and you'll not lose by holding a coin in unusual times.

[Mianae]

As trader, you will not always win there are some times the market reacts to a sudden news. What a trader should learn to do is playing safe if a trade starts to go against you, you close such trade if its in your favour don't be greedy keep to your set targets. The first step is having a trade plan and following it judiciously come what may.

[Youghoor]

In addition to what the OP has stated I think crypto traders need to avoid mixing emotions when trading cryptocurrencies. Also, traders should set targets for their trade and also not be greedy waiting for a particular coin to moon before cashing some profits out of it.

[Teawhalee]

Anyone trading without being confident is not yet a trader. The most important thing is yo have enough knowledge to the fullest. This will be bring confidence and assurance anytime you analyse and take trades.

[Denreal]

As a trader or whoever aspires to become a trader, you would need to quickly study the range of fluctuation in the market, because trading is best done in a fluctuating market. Also, you should expect to see win and loss on trading, but while it seems you are losing, particularly when buying low, in the real sense of it, that is not a loss, but that you are accumulating for the future, for s time that the price will rise again. However, when its rising, do not allow greed to set in. Always take your profit when it is available or at your disposal.

[mersal]

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

Being over confident also sucks,you should have to act according to the situation,if it is going to assit the traders then do trades or just hold trading mode and enjoy the holding.In trading losses happens so no need to worry if you lost money but never go with the money which you can't afford to lose.

Learn different types of trading as well and pick which one suits you most.

[ScamViruS]

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

As a trader, you must have confidence. But it will require good trading knowledge. And trading knowledge is not made in one day. If you are a good trader, you have to be patient with trading knowledge. However, there is no basis for all trade wins. Big traders do not always win. There is no system that can take 100% of the winning trades.

[DarkDays]

I think cryptocurrencies traders should stick to demo trading platforms for the first few months of their journey. Sure, you'll likely miss out on some profitable trading opportunities, but you will also save yourself some money when you inevitably make serious mistakes.

The cryptocurrency market is no easier to trade than traditional markets like forex and stock indices, don't think that just because you know a thing or two about cryptocurrencies that you are suddenly an expert trader.

Take your time and learn the fundamentals before risking real money.

[adzino]

Okay, yeah whatever you said is partially correct, but no, they shouldn't always be thinking about making profits. If one keeps on making strategies for  profit, then there might be a time where he will have to deal with a situation where he will have to make perfect exit with minimum loss, but won't be able to do so since he had never made any kind of exit strategy.
My point is, instead of thinking about profits only, try to think about the other aspects too. Try to think about what to do when you suffer huge loss. Try to think about the "mistakes" that you might make or have made.

[20kevin20]

Dunno if it's some psychological stuff or I simply don't have the luck and gift of being a trader, but no matter how confident I am, whenever I'm buying a coin the market goes bearish and whenever I sell it goes extremely bullish. It happens every single damn time so I just gave up trying. Like all my trading history from 2013 'till today is a history of missed trading moves.

My last investments are now worth less than half of the money I invested. I might just happen to be the unluckiest one out there and miss every single damn trade.

[bttmember]

I have been trading through different markets earlier from forex to commodities, from stocks to crypto and i have found out that what ever your strategy is and what ever is the level of your skill you are still going to see bad days and weeks making losses, so there is nothing as good as daily profit.

[asriloni]

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

Just try to determined the decision that we will take it based on the chart is not enough. We must also learn a lot about how to determine the fundamental that will be affecting the price of crypto.
To build the mentality the traders must always try to trade in the market and they can adapt with the market itself.

[davesscenario]

right now can be a golden opportunity to invest in lesser known coins with big potential.
For example TemTum is going to be announcing it's partnership with multiple nations to provide them with their blockchain as a backbone for their own stable national currencies.
once the announcements are made to the press, post-corona panic, I can see TEM going $1+
 

[Kasabus]

Okay, yeah whatever you said is partially correct, but no, they shouldn't always be thinking about making profits. If one keeps on making strategies for  profit, then there might be a time where he will have to deal with a situation where he will have to make perfect exit with minimum loss, but won't be able to do so since he had never made any kind of exit strategy.
My point is, instead of thinking about profits only, try to think about the other aspects too. Try to think about what to do when you suffer huge loss. Try to think about the "mistakes" that you might make or have made.

As a trader, you should learn how to deal smart enough in times you win or you lose your capital. Accept the fact that trading is just between the two, winning and losing. But still trade with positive mindset and be skilled enough because it will minimize your losing somehow.

[Jating]

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

Definitely, we need to be very positive in any way we kind because that's where it starts. If you feel that you are not that confident and can always win, then it will surely manifest it when you do your trading activity. Of course, we can't really say that we are always going to win 100%, because after all we can make a lot of mistakes. But being positive and optimistic that we can win, definitely will be a plus, just saying.

[btc_angela]

Right, mental toughness is one factor that can spell success or failure in your trading.

I see people being aggressive, well that's not bad, but be logical and positive but not too greedy. That's why we seen a lot of beginners suffer a lot from the start because they always think that this game is easy, and it's a way to make easy money. Learn how to control your emotions and you will surely stay in the game. This is a game, sometimes you win, sometimes you loss, and learn from your past mistakes, be confident but not too cocky.

[Nalbo]

It all sums up to experience and learning from your mistakes. The correct formula for you should be found by yourself and it won't necessarily replicate for anyone else. You can't call yourself a trader if you stop trading and wait for the price of coin to rise. That's what a hodler does. A trader would actively trade and make profit even in a falling market.

[oscarftw]

One of the core troubles accustomed to traders of crypto currency is their mindset.

Believe me, as a trader, you need to be confident and always trade to win and make profits.

Never have it in mind that you are trading to lose, develop a strong mentality and always dyor

Your mindsets determines what you see on a trade chart anytime

That's a very good motivational post, sometimes I do trade but I have always doubt that I could lose money. I think this fear only exists in new traders, also I'm new. Without lost some money, you can't gain experience in trade. Only huge lose will make you more strong. Always I feel risk in new coin, if anyhow this coin died. Old coin always follow total marketcap situation.