The right mindset needed for all traders

[LastKiss]

Discipline and patience is the biggest thing that we need for all traders indeed, for those who want to start trading without both of them will face losses in their experience of trading. Building Discipline and patience can't be done in one day because of that many people end up giving up their effort all the time.

[borovichok]

Discipline and patience is the biggest thing that we need for all traders indeed, for those who want to start trading without both of them will face losses in their experience of trading. Building Discipline and patience can't be done in one day because of that many people end up giving up their effort all the time.

You're absolutely right in your assertion that discipline and patience are essential traits for a trader to explore the market. Although maintaining these attributes is incredibly challenging, if you are in the appropriate frame of mind, you hold the key to unlocking enormous earnings in every trade. For instance, I've seen trades that take one to two weeks to be executed before reaching their targets. Because trading news is where big figures are generated and snipers usually don't take chances when they spot great possibilities in the market, we have top news, particularly the CPI news that always comes within the weeks. Trading is a compulsory step to take if one wants to abstain to greater heights in acquiring knowledge and online skills.

[youdacapt]

New traders like the newbie as always seeking the trading as an easy way to earn money which is the wrong mindset they just risking their money into a bad decision making, having a proper guidance and knowledge newbie traders can now make an experience which is the right or wrong path with their decision making in getting position

I agree with you, often times new traders always see trading as a get rich quick scheme; and this is more reason why lots of individuals lose their assets to crypto currency investment. The key word that should be emphasized is that, knowing how to trade crypto currency is not enough; every needs to follow OP teachings with regards to trading mindset and trading psychology.

Lots of lessons in this thread. Patience and Controlled emotions will make you even a better trader than you can imagine

[milewilda]

New traders like the newbie as always seeking the trading as an easy way to earn money which is the wrong mindset they just risking their money into a bad decision making, having a proper guidance and knowledge newbie traders can now make an experience which is the right or wrong path with their decision making in getting position

I agree with you, often times new traders always see trading as a get rich quick scheme; and this is more reason why lots of individuals lose their assets to crypto currency investment. The key word that should be emphasized is that, knowing how to trade crypto currency is not enough; every needs to follow OP teachings with regards to trading mindset and trading psychology.

Lots of lessons in this thread. Patience and Controlled emotions will make you even a better trader than you can imagine

When you are just a complete newbie then for sure you would really be having that kind of thinking that this would really be that easy until the time comes where you can say that it isnt and realize that making money is never been simple.It might really be looking so easy and basic but having that buy low sell high type of idea is never been that simple and this is why its not shocking anymore that people would really be that learning up their lessons and realization on the time that they do experience unforunate events which is really that something very common i should say. Mindset should really be that versatile if we do speak about
opportunity handling because not all would really be ending up on being successful.

[Jody.Drummer]

New traders like the newbie as always seeking the trading as an easy way to earn money which is the wrong mindset they just risking their money into a bad decision making, having a proper guidance and knowledge newbie traders can now make an experience which is the right or wrong path with their decision making in getting position

I agree with you, often times new traders always see trading as a get rich quick scheme; and this is more reason why lots of individuals lose their assets to crypto currency investment. The key word that should be emphasized is that, knowing how to trade crypto currency is not enough; every needs to follow OP teachings with regards to trading mindset and trading psychology.

Lots of lessons in this thread. Patience and Controlled emotions will make you even a better trader than you can imagine

When you are just a complete newbie then for sure you would really be having that kind of thinking that this would really be that easy until the time comes where you can say that it isnt and realize that making money is never been simple.It might really be looking so easy and basic but having that buy low sell high type of idea is never been that simple and this is why its not shocking anymore that people would really be that learning up their lessons and realization on the time that they do experience unforunate events which is really that something very common i should say. Mindset should really be that versatile if we do speak about
opportunity handling because not all would really be ending up on being successful.

One of the things that makes them think it's easy to get rich doing this is that they follow people who keep saying that it's easy to get money here and without telling what the risks are, that's what I see from most people who have that mindset. So be smart in choosing an "influencer" that we will follow. We can't blame them (influencers) because the decision will go back to their listeners, but they are one of the people who are responsible for what happens to most startups.
To avoid that kind of thing, special education is needed about this, and I think it's already there depending on how they look for it.

[Comingdown]

When you are just a complete newbie then for sure you would really be having that kind of thinking that this would really be that easy until the time comes where you can say that it isnt and realize that making money is never been simple.It might really be looking so easy and basic but having that buy low sell high type of idea is never been that simple and this is why its not shocking anymore that people would really be that learning up their lessons and realization on the time that they do experience unforunate events which is really that something very common i should say. Mindset should really be that versatile if we do speak about
opportunity handling because not all would really be ending up on being successful.

One of the things that makes them think it's easy to get rich doing this is that they follow people who keep saying that it's easy to get money here and without telling what the risks are, that's what I see from most people who have that mindset. So be smart in choosing an "influencer" that we will follow. We can't blame them (influencers) because the decision will go back to their listeners, but they are one of the people who are responsible for what happens to most startups.
To avoid that kind of thing, special education is needed about this, and I think it's already there depending on how they look for it.

This is true since with the easy access of this information, there comes the difficulty of checking whether it is legit. So with this trend, we should always have the capacity to criticize and further assess the things we watch specifically related to the crypto so we won't be a victim of those who just want to use us for their own benefit.

[tjtonmoy]

I am open to learn even further, and i welcome everyone suggestions

I think one thing you didn't mention is to have a target and use SL/TP. If you can make up your mind with what amount you are willing to lose if things go unpredicted, then you can have much more control over your emotions. This has helped me a lot in my situation to have a good control over my emotion. If you have no regret, you can keep a clear head and continue with hesitation. But it is also important to point out that you are not making the same mistakes over and over. That way it could mess you up mentally. So as you mentioned, taking a break from it would help a lot.
And thanks for sharing your knowledge. This will help many. Though I should add something too.

[naikturun]

In my view the most difficult for me are point number 1 2 and 3 because it is very difficult to control it, for example when I lose I have to take back immediately what is lost without thinking about a plan first, in the end I lose more
maybe I'll fix that part first.

[LUCKMCFLY]

Discipline and patience is the biggest thing that we need for all traders indeed, for those who want to start trading without both of them will face losses in their experience of trading. Building Discipline and patience can't be done in one day because of that many people end up giving up their effort all the time.

These are not one of the things that we as traders always need, but I think that above all, before having these things, the most important thing is to be aware, and always seek more knowledge, because trading is based on decisions, the better decisions are. take translates into more money, and the more mistakes you have, the more money you will lose, here the trick is to do things right, for that there are books, to analyze everything with strategies and techniques, obviously knowing a lot about technical analysis, but knowing react to market movements and know what to do.

[FahriZah]

Yes You Tolking About Good Topic And I Agree With Your Ideas Because When Right Mindset Come Than Hopefully Success Soon Thinking.

[huu78]

i tried to fully implement this but till now i couldn't do that, i saw an opportunity then i broke my own rules, that's what happens a lot in my routine, and i'm trying my best now to do that.Some people maybe in my situation or have in my situation right now, hope they also can learn from it.

[fauzan Ichsan]

i tried to fully implement this but till now i couldn't do that, i saw an opportunity then i broke my own rules, that's what happens a lot in my routine, and i'm trying my best now to do that.Some people maybe in my situation or have in my situation right now, hope they also can learn from it.

I also experienced it, even though we already know the rules that we apply ourselves, but often we still break them, I think this is part of the psychological maturation process, it looks easy to do, but not everyone can be self-disciplined, considering that things like this have to be trained repeatedly times, so I personally apply myself not to give up, because at least we already have the theoretical basis, all that remains is to implement it

[virasisog]

i tried to fully implement this but till now i couldn't do that, i saw an opportunity then i broke my own rules, that's what happens a lot in my routine, and i'm trying my best now to do that.Some people maybe in my situation or have in my situation right now, hope they also can learn from it.

I also experienced it, even though we already know the rules that we apply ourselves, but often we still break them, I think this is part of the psychological maturation process, it looks easy to do, but not everyone can be self-disciplined, considering that things like this have to be trained repeatedly times, so I personally apply myself not to give up, because at least we already have the theoretical basis, all that remains is to implement it

Even professional traders break their own rules sometimes. Despite the application of all the proper mindset needed to succeed in trading, there will always be circumstances where we could commit mistakes and wrong decisions that we might regret which is still part of the learning process. What is important is we are learning from our mistakes and experiences and we correct the wrong decisions that we have made.

[BD Crypto]

In my point of View the right mindset to have every traders to make traders after proper analysis and never do trading with emotion. Always do trading with logic. Like if you are watching there is a resistance then you must exit your trade or if any breakout happens then you must enter the market. So traders should have mindset to trade with proper analysis and knowledge. Then they will have a good return from successful trading.

[stomachgrowls]

Planning
Persistence

Follow according to your plan and be persistent on what you are trying to achieve but of course you should really be needing to be versatile because conditions on this market is really that unpredictable.
The right mindset you should really have is on how to achieve your goals but of course you should really be making yourself that prepared for whatever things that you would encounter on this market
where lots of ups and down and unexpected turns of events which would really be experience.So make yourself that prepared for that!

[irhact]

Discipline and patience is the biggest thing that we need for all traders indeed, for those who want to start trading without both of them will face losses in their experience of trading. Building Discipline and patience can't be done in one day because of that many people end up giving up their effort all the time.

Discipline takes steps by steps and the right mindset, I think it starts from the time you picked interest in trading and decided to learn the things needed to become a professional trader, if you aren't discipline from that time then you can't change it when you start trading because you'll encounter frustrating times as a trader that'll make you want to give up

Patience and discipline works together so if you aren't discipline then you can't be patience as it takes a lot of concentration to achieve both. To be successful at trading you have to be able to master both quality or you'll fail miserably.

[visionE2]

Discipline and patience is the biggest thing that we need for all traders indeed, for those who want to start trading without both of them will face losses in their experience of trading. Building Discipline and patience can't be done in one day because of that many people end up giving up their effort all the time.

Apart from being disciplined like you said. A trader must also always think long term and have a plan to achieve his goals in the long term. Don't focus too much on quick results or short-term gains. In addition, Trading also involves risks and losses are part of the process. A trader must be ready to accept losses and learn from mistakes that have been made. And a trader should think objectively and not be too swayed by emotions or personal opinions. Trading decisions should be based on objective market analysis and available data.

[Fondarchand]

Selling and buying early will become a cause of your failure so quick decisions should be avoided because some people do not have any idea that what will happened next but they make incorrect decision which will mislead them. Those who planned and worked according to it then it will be easy for them to take a positive step towards a success and one should keep in mind that whenever the price become low then in such situations wait for the best will be better and in such situations quick decisions will be risky. Working according to market situations accept some strategies which will also be in accordance with conditions is the actual thing to be a profitable trader.

[cydrix]

Excellent topic, especially for those just starting out in the cryptocurrency trading industry. I enjoy reading this kind of in-depth information since it helps me keep my mind sharp when it comes to trading. similar to methods, advice, and of course many forms of analysis. Discipline is crucial to me since it will manage your behavior and always remind you to avoid making bad decisions. Perhaps you lost sight of the fact that you should never engage in trading while under stress, furious, depressed, or even intoxicated. Because even though you have self-control at the time, you are unable to govern yourself.

[Altryist]

Even professional traders break their own rules sometimes. Despite the application of all the proper mindset needed to succeed in trading, there will always be circumstances where we could commit mistakes and wrong decisions that we might regret which is still part of the learning process. What is important is we are learning from our mistakes and experiences and we correct the wrong decisions that we have made.

An experienced trader who makes mistakes will not be successful, this will only lead to the fact that he will continue to accumulate experience, but there will be little sense from this if he himself violates his own rules. What are these rules for if you don't follow them? In this case, it will be impossible to achieve success, every time such a trader loses money, he will tell himself that he is getting precious experience, but without discipline there will never be a result.