Which is the secret to success in trading?

[aponk]

This is my opinion, from my own experience and knowledge of the subject from executing many operations.

 

investigate and have knowledge of the company that we are going to buy, its stock or currency that you are going to trade
be analysis of graphs and know how to read trends.
trust yourself and do not copy others, because the other can be wrong.
be patient not everything is now, sometimes you have to endure so that you can reward it.
have continuous monitoring of price values.
have a strategy, not everything is crazy, the best things is to take things slowly and think before acting.
not having emotion and having a cold and calculating mind, everything is going to happen only is to be a calculating person.
always be aware of everything new, news, technology and more. the more updated the better.
have variety, not commercial with only one I recommend having a portfolio of investment variety.
the most important thing to have a fixed-paying job to invest, do not put all your money because you can risk losing everything.
 

 

This is what I learned from my experience, I hope these things will help you because it has helped me to know what to do in each situation.

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[Smartvirus]

There are a lot of qualities a good trader need to have and I've noted quite a few in your article and I'll like to lay emphasis on it and as such I've quoted them right here.

be patient not everything is now, sometimes you have to endure so that you can reward it.

Not many traders have the patience to wait on a confirmation for an entry or exit point by analytical tools like the candle stick patterns before taking a position in the market. Patience is vital as, a confirmation is like a guarantor on speculation on analysis because, their is always a possibility of a continuation and break out.

have a strategy, not everything is crazy, the best things is to take things slowly and think before acting.

As a trader, developing a trading strategy that suits you is more better and profitable than copying other people's trades or trading based on subscribed signals. It doesn't build experience.

not having emotion and having a cold and calculating mind, everything is going to happen only is to be a calculating person.

Emotions are what create biasness on a persons entry or exit position in a trade. It might somehow make you raise your take profit or stop loss if in place due to the situations at the market, your emotions can breath forth greed which could be damaging.

always be aware of news

News is one main market mover as most traders depends on news to decide if they are to buy or sell, go long or short depending on what is deducted from the news. News has the potential of altering an existing trend in the market especially when the news is a strong one.

[durilup]

Crypto is different than traditional stocks. If you are trying to make profit by trading cryptocurrencies in a bad time ( after halving ) probably you will lose your funds. I would recommend also to anyone to start with demo in the first years of trading

[CryptopreneurBrainboss]

This is my opinion, from my own experience and knowledge of the subject from executing many operations.

The secret has to do with determination and continue practice couple with knowledge on the subject. Trading isn't something anyone can just perfect without investing their time and effort. Been successful also has some luck factor in it as you could do everything right from the technical analysis to perfect timing of the market but still come out unsuccessful.

In trading, your emotions is your biggest enemy, been able to conquer it in regards to controling your greed or fear will do you more good and kick start your journey of success. There isn't a straight path to been a successful trader but it all boils down to not losing. The strategy of trader A might not favour trader B which is why we're advice to develop our different trading technique.

[wxa7115]

Well, I have nothing to say about your experienced all I can see is that you learned from it. But anyway, for me I think the secret to success in trading is no.1 is knowledge, Focus, know the coins you are trading it, have a self-discipline, and be patience, so with this it can give us a good result in the end for sure as an individual trader here in cryptocurrency.

And after knowledge I will say the next most important point is simply execution, a great deal of those that lose money in the markets know that what they are doing is wrong at the moment they take their decisions and yet they decide to go against what their knowledge tells them, why is that? Because they do not trust it and then they let their emotions take control and at that point your knowledge becomes irrelevant.

As such once you know how to trade the markets it is important to apply that knowledge otherwise all the time you spent trying to learn how to trade would have been for nothing.

[Rodeo02]

Crypto is different than traditional stocks. If you are trying to make profit by trading cryptocurrencies in a bad time ( after halving ) probably you will lose your funds. I would recommend also to anyone to start with demo in the first years of trading

Demo for trading? Are you saying leverage trading?

One year of practicing, it's  cool but I think that's too long to wait for your money if you eagerly looking to earn trading. It's better to read books watching videos that can help you to learn and add more knowledge  .you can also join seminar that teach about crypto trading so you don't need to wait that long before you can make your first trade .

[Kong Hey Pakboy]

From my perspective, you need determination in improving yourself in trading that you don't rely on others strategy for you to experience a successful trade. You need to create your own analysis and speculation for you to make a good strategy that will help you make a considerable amount of profit, that is why many traders are still doing their own research because they want to know the performance and history of the project in the market.

[Sterbens]

Well, I have nothing to say about your experienced all I can see is that you learned from it. But anyway, for me I think the secret to success in trading is no.1 is knowledge, Focus, know the coins you are trading it, have a self-discipline, and be patience, so with this it can give us a good result in the end for sure as an individual trader here in cryptocurrency.

it is true that knowledge is the main key in any case, it is not enough if you only have the desire to trade without any prior knowledge about trading cryptocurrency. learn and identify first what coins will be traded, then always follow the latest trends and don't delay the time you have. always prioritize consistent with what you want to achieve.

[dunfida]

There's no  success but there are qualities and behaviors that is needed for letting yourself survive into this market.

-Patience
-Dont be greedy
-Always set goals/target
-Dont easily get Fomo'ed or fall in FUD
-Dont listen to other calls, stick to your own analysis
-Good capital or money management

These are quite the basics but following them wont really be that easy and it takes time and experience.

[bitbunnny]

I don't think there is any secret. Maybe exactly that is the problem, some people think if they reveal the secret of success traders, the receipe they will become successful too
But there is no receipe, just dedication, knowledge, patience, long process of learning and knowing the market, managing the risk and that still will not prevent you from losses. To my experience to become good trader it takes a long and sometimes painful process and that is not for everyone.

[J1mb0]

Every investor in the crypto market has a strategy of their own, and it is not entirely the same.
It is very important to me to always learn new knowledge and manage greed, it helps me avoid FOMO and helps me make the right decisions.

[boyptc]

I want to explain about copying others.

Sometimes it's good but most of the time it's not. There will be a lot of lessons doing that mostly if you follow a good trader. It is not wrong to copy others trading portfolio and style but it's also the best to have your own.

Later on as you copy, you can build your own strategy and copying others is like a stepping stone.

[milewilda]

Success in trading is when you do make profits in the end of the day.Losses are inevitable though but somehow can be suppressed if you are already knowledgeable enough into this field.
There no secret but rather this do really need perseverance, consistence and a very long patience yet we do deal with very volatile market which as part of nature of human being
which is too emotional and responsive then thats on of the factors that do really affect our trading or into our goal.For you to succeed then you would need to have that strong mindset
and control.You wouldnt learn this on an instant because experience will be gained along the way.

[ice098]

To be honest? For me, there is no perfect or secret way to be successful in trading because I knew if you know hot to research first the coin, reading charts and analyze it you will become successful plus you know how to manager your emotion. These things are not secret this is every trader should know, and the bad thing is sometimes people now in trading wanted to earn money in an easy way so they skip these fundamentals.

[n0ne]

Success in trading can be made out of the basic principle. Just buy low and sell high, you need to be very close in observing the market. Particularly the focus needs to make a small profit out of the minor fluctuation. People fail out of trading when they tend to make a big profit out of small investment. Very few get lucky to make such a big profit out of trading.

[teosanru]

This is my opinion, from my own experience and knowledge of the subject from executing many operations.

 

investigate and have knowledge of the company that we are going to buy, its stock or currency that you are going to trade
be analysis of graphs and know how to read trends.
trust yourself and do not copy others, because the other can be wrong.
be patient not everything is now, sometimes you have to endure so that you can reward it.
have continuous monitoring of price values.
have a strategy, not everything is crazy, the best things is to take things slowly and think before acting.
not having emotion and having a cold and calculating mind, everything is going to happen only is to be a calculating person.
always be aware of everything new, news, technology and more. the more updated the better.
have variety, not commercial with only one I recommend having a portfolio of investment variety.
the most important thing to have a fixed-paying job to invest, do not put all your money because you can risk losing everything.
 

 

This is what I learned from my experience, I hope these things will help you because it has helped me to know what to do in each situation.

I think patience is the utmost important thing in market. You will have to treat this like any other business have a plan for every move have yourself hedged towards every risk of market and devote proper time to it. Charts and everything are just your weapons it's all upto you how you use your weapons. There is no single style of trading everyone has their own style of trading and their own way of making money and nobody is going to tell you it's you who has to find out what suits you.

Success in trading can be made out of the basic principle. Just buy low and sell high, you need to be very close in observing the market. Particularly the focus needs to make a small profit out of the minor fluctuation. People fail out of trading when they tend to make a big profit out of small investment. Very few get lucky to make such a big profit out of trading.

Ahan? Is it so easy to follow this basic principle? Who knows what's low? And what's high? Help me spotting lows and highs if it can be done by observing I am ready to put the capital and i will give you 50% of the profit we make? It's just a myth that you buy low sell high. It's about the right time which is as per your strategy. You may enter on breakout or consolidation stage. It's upto your personal pov. There is no holy grail of high and low.

[ScamViruS]

There is no secret in trading. It’s all depend on the trading experience and your knowledge of trading. Your practice will help you gain knowledge about trading, and trading will be easier for you when you gain the right knowledge. Those who come to the market and spend more time looking for shortcut ways of trading, they can not stay in the market for long. So you have to understand that there are many more traders like you in the market who have come with the intention of making profit, same like you.

So if you can't do something different here, you can't be stay long. When it comes to trading, the most important thing is to control emotions and greed. Because all your experiences will fail unless you control your emotions and greed.

[usekevin]

This is my opinion, from my own experience and knowledge of the subject from executing many operations.

 

investigate and have knowledge of the company that we are going to buy, its stock or currency that you are going to trade
be analysis of graphs and know how to read trends.
trust yourself and do not copy others, because the other can be wrong.
be patient not everything is now, sometimes you have to endure so that you can reward it.
have continuous monitoring of price values.
have a strategy, not everything is crazy, the best things is to take things slowly and think before acting.
not having emotion and having a cold and calculating mind, everything is going to happen only is to be a calculating person.
always be aware of everything new, news, technology and more. the more updated the better.
have variety, not commercial with only one I recommend having a portfolio of investment variety.
the most important thing to have a fixed-paying job to invest, do not put all your money because you can risk losing everything.
 

 

This is what I learned from my experience, I hope these things will help you because it has helped me to know what to do in each situation.

Trading need of patience to get profit from it.Some people lose their money by impatience in the holding.When the price increase a small pump,they will sell their holding at minor profit.But it's not a good plan to get more profit from trading of cryptocurrency.If you take of risk,you will gain from it.But it's not a dam sure one.Even some chances are their to lose the money.

[lifeOK]

The secret to success in trading? Try not to follow some random people ideas however follow on yourself. You don't generally require such much coins in your portfolio for trading. Search for a decent coin with an awesome use case and trade on that coin only. Doing technical analysis and forget about all the noise out there.

[thesmallgod]

You are probably talking about buying new token with a specific project and not on old listed coin. Generally, there are no secret to earn big by trading because it is pure luck. The market is unpredictable. Above all you need to learn from mistakes. I discover that the higher your capital you are using in trading, the more the profit and so therefore, do not trade more than what you can afford to lose and most time, if you want to trade, always choose platform with high liquidity.