HOW TO BECOME SUCCESSFUL AT CRYPTO TRADING

[Rengga Jati]

Dont listen on others suggestion.

I think not all suggestions to ignore because some suggestions instead give you good things. Something you need to focus on who gives the suggestions is. Only listen to trusted people or valid sources that tell you suggestions. If you have been already a long time in trading, I am pretty sure that you must know which one is good to listen and which one is worthless.

Always set limitation or profit goal.

The point isn't to limit the profit goal but make a specific & reasonable profit goal. Every trader should know how to determine the right profit goal. Something to consider in making the profit goal is about the possibility and be specific. So, you can plan proper methods or strategies based on the goal.

[JasmineRose]

I not find some question here ?? But it is Ok, i understand what you mean.
So, we know market crypto now is really hard right now and some people is losing huge of money.
A little tips of trader by me, try to hold your coin for a week, because right now is really bad time to buy and sell.
My teacher trading said it to me, so i believe with him.
He is a pro trader and more than 10year trade Forex and crypto.

[Kelvinid]

These things could help you out from trading and lead to better results.
 * control our emotions( desperation will lead us into nothing but just a losing ends)
 *positive mindest( think about winning)
 *contentment ( greediness will make you out from controlling your emotions)
 *preparedness( keeping aware of the market flows and focus in your trade)

The consistency of these things will boost your trading into better and you can see the difference from you've done before.

[Vitalicus]

The cryptocurrency market is among the most active markets that still has great promise. In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

 

You can be friends with the volatility so don't be scared of it. This market proves to us that you can be more profitable but of course the risk is too much for those who don't have enough skills or knowledge in trading. To become successful in trading you must not forget to invest yourself as well, because you have to be more knowledgeable enough to survive. Losing money is normal in trading, set aside your emotion and become a good trader in process.

The most profitable investment in this market is to invest in yourself! Building a strength fundamental knowledge, mastered skills and analysis techniques help you become a successful trader! Because of the volatility of this market, we're able to earn profit out of it! If this market is a stable market rather than a volatility one, we can't earn nothing!

[Ridwan Fauzi]

The cryptocurrency market is among the most active markets that still has great promise. In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

 

So, what your question here? Are you just make a statement that crypto currency is promising place and also dangerous place to trade?  I don't think there is no safe place or even comfortable to be a trader. Foreign exchange and stock exchange are also have a high risk as well. Did you see when covid19 come? Almost financial instrument have decreased and it happens until now.

There is no comfortable place to trade in any place unless you make by yourself. I mean, become a trader you should know its rule and your own strategy and I guess you'll be comfortable while you trade. I just new to trade especially trading crypto and I must have a bunch of experience in order to make my day trading getting lose. So, I just force myself to find a lot of experiences here so as I can make money in it exactly profit consistent in it.

[Salauddin1994]

Cryptocurrency is very good platform for trading. Trading here is much easier but before that we need to have both knowledge and experience about cryptocurrency trading. To be successful in cryptocurrency trading need to try to analyze the trading strategies. You have to monitor different sites and if you trade by following the trading rules the amount of risk will be less and you can easily become a successful crypto trader.

[spike420211]

What exactly is your question?

Indeed, in fact, you have already answered it. Some cryptocurrencies are at the top of the pyramid, the rest are at its foot or in the pit of oblivion.
Those who made the right bets are now celebrating a victory, the rest are indignant about injustice.

I agree with you, there doesn't seem to be a question. In fact this seems like a statement intended to have others state what they think makes a successful trader.

Which some on here have already spread their wisdom such as FOMO, and most important of all do the right research as technical analysis and charts reading isn't all but you gotta watch the news, market sways, predict investors thinking as well as keep an open eye to the emerging projects. These factors and others determine whether you make a profit or a loss! And that's what trading is!

What you are talking about is a very complex forecasting methodology.

In other words, you need to understand not in technical analysis, but in business, in order to properly invest your money, but then this can no longer be called trading, but rather investment.

In trading, rather, the most important factor for making a profit will be an understanding of the technical analysis and the operation of various indicators with the help of which one can predict the market movement to a certain extent.

[Emitdama]

Investment usually happens to help the invested as well, like for example ICO where you invest but the money you sent should be used to increase the price of that coin as well and that works for both of you, the price of coin increases so you get profit but they get money so they could work on it and increase that said price.

In bitcoin it is not like that anymore, it is more like investing into a commodity and not a business, it is digital and it is scarce and there is really a good amount of demand for it whereas there is limited supply of it every day so you can say what people have been saying, bitcoin is digital gold. So, when you are investing into gold do you expect to get rich over night? No. So, you should not do that with bitcoin neither and focus on profiting long term.

[Review Master]

The golden rule of a successful trader is "Buy the rumor and sell the news" whatever it's crypto or other tradings. So, any new or struggling traders can follow this to be a successful one. Also, we must use the stop-loss option to avoid the unwanted loss or unexpected price swings. As everyone say not to follow others signals because others already buy their crypto and then make the signals. So, we need to make our own research and strategies.

[Golftech]

The golden rule of a successful trader is "Buy the rumor and sell the news" whatever it's crypto or other tradings. So, any new or struggling traders can follow this to be a successful one. Also, we must use the stop-loss option to avoid the unwanted loss or unexpected price swings.

Unexpected swings are more present from this market, as the behavior being volatile really needs to write down, proper management of funds is very likely the first thing to learn.

As everyone say not to follow others signals because others already buy their crypto and then make the signals. So, we need to make our own research and strategies.

Correct, signals are very common to bag holders they already have lots of stored coins while providing signals. Once followers start to buy in complete dumped will follow.

[coinfinger]

The cryptocurrency market is among the most active markets that still has great promise. In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

People who win profits are happy, and those who don’t are out there regretting why they ever decided to trade cryptocurrency. It’s just how it is. I do see a few of them complaining here on bitcointalk.org forum. Everyone is not going to win, the profit you make is another person’s loss. But that doesn’t mean that people will stop trading. No matter the level of risks involved, you will still see lots of people still trading. If you can’t trade, you can try other easy ways to earn from cryptocurrency, such as HODL or mining.

[hahay]

Every market has a variety of activities and yes, maybe with high activity that ultimately makes the price of cryptocurrency can move up and down quickly and that way, if you want to be a successful trader then it is enough to make low buy and sell high but if you still Just fail, then try to correct every mistake you make repeatedly, but one thing that I think you should realize is about your own courage or mentality that ultimately you continue to experience failure in trading.

[MCobian]

It's true that crypto trading is a promising opportunity to make money, and also the price of volatile cryptocurrency can cause profit or loss.
Therefore we must be able to become successful traders, in order to become rich people. And being a successful trader is not an easy thing
we can achieve, there are several processes that we must go through. We must have knowledge and crypto trading experience is a prerequisite
for becoming a successful trader.

[pawanjain]

Crypto trading is harder than trading stocks because fundamental and technical analysis works good in stock market but the same doesn't work well with the crypto market. Hence it is difficult to predict how the market would reach in that time period.
This is the main reason why crypto market is at peak sometimes and the other times it's at the bottom.
Many people who are unable the predict the price are the ones who suffer huge losses.
Only time and experience can make a person successful at crypto trading.

[lienfaye]

The volatile nature of crypto is the reason why we are earning here and to better understand it we need the knowledge and proper learning.

Because if you understand how crypto works its not hard to see the price swings of the market. You can bear seeing it even your assets are losing its value since you're aware that it can recover and its a temporary situation.

We all started as newbies but we can improve ourselves as time passes.

[Janation]

It is the nature of cryptocurrency trading.

If you don't want a volatile market, then I guess you should think twice before riding this wave. This wave is really violent and made a lot of people losses in the past years that it is in the market. With the same wave, people earned a lot of profits and it started a lot of successful traders and comfortable living. Being successful is hard, especially with this market unless you really are full into it.

[el kaka22]

Many people who are unable the predict the price are the ones who suffer huge losses.
Only time and experience can make a person successful at crypto trading.

Simply, how you make use of your time for gaining experiences to sharpen skills matters. With skills, anyone could predict the turning points of markets easily and accurately; which means no more suffering of losses but they can see their profits growing over the time. How to become a successful at cerypto trading must be having lots of perspective answers but the most generalized could be, DEDICATION.

Being successful is hard, especially with this market unless you really are full into it.

Hope you didn't mean "full time" trading as lots of part time traders as well enjoying their successful run with crypto trading.

The level we are showing dedication should be at full and the eagerness to learn new things should be at full. Continuous learning this the simple trick to enjoy success in trading forever.

[Janation]

Being successful is hard, especially with this market unless you really are full into it.

Hope you didn't mean "full time" trading as lots of part time traders as well enjoying their successful run with crypto trading.

The level we are showing dedication should be at full and the eagerness to learn new things should be at full. Continuous learning this the simple trick to enjoy success in trading forever.

No, you already said it, DEDICATION.

Since time is a friend of investing, it is better if you are not fully in it since you could continue your career and not be fully enveloped by the activities in your trading. There are those disadvantages if your attention is fully in investing since with the volatile movements, you might have doubt on what to do and you might overthink most of the time.

[famososMuertos]

Sometimes a simple sign like "!" or "?" It helps as much as making a huge context, to try to ask or give an opinion.

The little details add up in commerce, intuition helps, in short, I have gone through all the posts in this thread looking for emmaglory5 and nothing, zero, but I decided to invest my time in your post, because I think that really what you were looking for help and no discussion, why? your faces at the end of the OP.

Actually the ROI factor in green is a measure to determine the value of your time in the trade and consequently to know if you are making profits, but profit and being receiving favorable returns does not mean to be successful in the trade. In fact the losses consequently do not indicate it in a certain way the opposite case, not being successful, consequent losses in the trade is an index to understand the market, if you see it that way and you do not suffer for those losses it is that you are successful, because your income and good performance allow you to bear the losses, do you understand the point of how to measure success in the trade?

Do not abandon the OP, the path to success begins with attending to the small details.

[Nellayar]

In the last couple of years, cryptocurrencies have experienced massive, volatile price swings, which have caused some crypto traders to thrive, and others go through huge losses.

 

On the contrary, there are traders who also able to recover after being down for the last couple of years as you mentioned.

You will just lose if you give up. Dealing and playing with the volatility is the challenge here. Don't focus on how much you lose but think of a way how to maintain winning stats. Learn to make strategy at any given trend. There is no perfect trade as even professionals still lose today.

If you think you can't handle your losses then better refrain doing trades.

I was once poor in trading. I experienced zero percent income and 60% losses in my portfolio. I hold coins before because of a FOMO. I did not use stop loss technique and I thought that trading is really simple in math.

But all of that was eliminated when I tried to study the market, search for trading tutorials, plan my execution and determine my risk management skills. Although, I can say that I am not a pro trader till today because I have still guts in buying coin and I am a small trader until now. I can say that trading never fails us but we fail it when we start to despair from our trading activities. Don`t lose hope and continue what you are started.