Which is the secret to success in trading?

[DoublerHunter]

Success would particular talk about;

• Hardwork, patience, effort, mistake acceptance, doesnt chase up losses, always stick to plan.

When it comes on secret then theres no secret but there are characteristic on which someone should have because you wont survive into this market
if you do lack these kind of mindset or qualities then expect yourself to fail.

^ This is definitely right, the truth and the fact. Hardwork and patience are the perfect instruments to gain profit in trading, hard work that includes your technical and fundamental analysis so that you can predict the market near close to the real price and patience when you execute trading and need to have perfect timing upon riding on the volatility of the crpytocurrencies. Because when you know how to have a perfect move when the price fluctuates, there is a big success waiting for you ahead. Nevertheless, I don't see there is a secret, probably the real secret was I already mentioned.

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[palle11]

I think the first secret to successful trading is ''Passion'' many people failed in their businesses because they lack passion that will motivate them to carry out the business, even thou they lose and the ability of you introducing brand idea. It's all about risk, died or survive in trading.

Passion is a big factor to success , when you fail you have the interest to come back because of that passion. I thin that is a very factor to how successful that someone can go. Whatever field of life including trading, all are tying to passion to drive the goal of the business.

[Inkdatar]

I think the first secret to successful trading is ''Passion'' many people failed in their businesses because they lack passion that will motivate them to carry out the business, even thou they lose and the ability of you introducing brand idea. It's all about risk, died or survive in trading.

Passion is a big factor to success , when you fail you have the interest to come back because of that passion. I thin that is a very factor to how successful that someone can go. Whatever field of life including trading, all are tying to passion to drive the goal of the business.

Having a passion to what you are doing will truly helps for you to succeed in trading. But you know, there are also good traits to go by with passion that is determination and have patience in every steps in trading. Treating trading like a business will also bring success and think of continues learning since the market is volatile and risks only what we can afford to lose. .

[South Park]

in my opinion there is no secret word in the world of trading,
all you have to understand is to read an indicator and chart, if you can analyze this well,
then your trading will be successful.

I agree with the idea that there is no secret, some people think that just because someone is successful at an activity that person knows something that they don't and for the most part that is not true, what happens is that the people that are successful are not afraid to put in the time and effort to develop the skills necessary to become good at whatever they want, this is why we see so many newbies trying to become traders and once they are unavailable to get great profits in a matter of a month or two they get desperate and then they take bad decisions, while those that are destined to become good traders are not afraid to wait for months or even years for the opportunity for a good trade to appear.

[matchi2011]

I think the first secret to successful trading is ''Passion'' many people failed in their businesses because they lack passion that will motivate them to carry out the business, even thou they lose and the ability of you introducing brand idea. It's all about risk, died or survive in trading.

Passion is a big factor to success , when you fail you have the interest to come back because of that passion. I thin that is a very factor to how successful that someone can go. Whatever field of life including trading, all are tying to passion to drive the goal of the business.

Good point! The mear fact that you love what you are doing and you are willing to take time in learning the deeper portions of any
fields that you wanted to succeed, there's no stopping when you love what you are doing.

Trading is a venue where people drives their desire to win over another, you are risking your money in hope that your knowledge upon
is well enough to earned good compensations.

[gabbie2010]

in my opinion there is no secret word in the world of trading,
all you have to understand is to read an indicator and chart, if you can analyze this well,
then your trading will be successful.

I agree with the idea that there is no secret, some people think that just because someone is successful at an activity that person knows something that they don't and for the most part that is not true, what happens is that the people that are successful are not afraid to put in the time and effort to develop the skills necessary to become good at whatever they want, this is why we see so many newbies trying to become traders and once they are unavailable to get great profits in a matter of a month or two they get desperate and then they take bad decisions, while those that are destined to become good traders are not afraid to wait for months or even years for the opportunity for a good trade to appear.

That is it,  your skill and your brain is the important aspect towards becoming a successful trader, BoT or EA are just automation that aid trading however it can never be as perfect or reliable as Individual input,
The ability to analyze, study Price Action coupled with one or two indicators using your brain will enable such a trader to be profitable based on experience while managing a trade.
A desperate trader can never be profitable in a long run because trading encompass patience, skills, money management  and  higher reward  to risk ratio.

[MWesterweele]

Success would particular talk about;

• Hardwork, patience, effort, mistake acceptance, doesnt chase up losses, always stick to plan.

When it comes on secret then theres no secret but there are characteristic on which someone should have because you wont survive into this market
if you do lack these kind of mindset or qualities then expect yourself to fail.

Truly there is no such a secret tool to become a successful trader in crypto but the only weapon that each and every trader has was itself or ourselves. How we input such an effort to be able to learn to trade, hardwork and patience. We all being used to say this line here in crypto that "patience is a virtue". The next step was the execution, how do you apply those things that you've learned base on your own research. And another most important thing is how could you control your self.

[death69]

Success would particular talk about;

• Hardwork, patience, effort, mistake acceptance, doesnt chase up losses, always stick to plan.

When it comes on secret then theres no secret but there are characteristic on which someone should have because you wont survive into this market
if you do lack these kind of mindset or qualities then expect yourself to fail.

Truly there is no such a secret tool to become a successful trader in crypto but the only weapon that each and every trader has was itself or ourselves. How we input such an effort to be able to learn to trade, hardwork and patience. We all being used to say this line here in crypto that "patience is a virtue". The next step was the execution, how do you apply those things that you've learned base on your own research. And another most important thing is how could you control your self.

You have a good point. There is no way but to learn by ourselves. Trading is a hard task which can not be mastered if you are lack of efforts. I have seen many people give up trading because they have lost lots of money. Then, they blame trading and swear that they involve in this job. I cant judge them. They just have lost in a battle

When you become succeed in trading, the reward is limitless. You will be able to work whenever you want and wherever you like. Sounds like an amazing dream right? But i have spent more than a year to trade without having any decent profit. Though i never give up, i believe that someday, with enough knowledge, experience and capability to control my emotion, I will become one of the best traders in the world and then, i can quit my 8-hours-a-day forever

[kram31]

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.

Thank you for the kindness of tips and advise you gave here in the forum mate.
Almost all of your experienced are true and correct where most of the traders in crytpocurrency are facing
the same yours. Therefore, I think for us to become successful have passion and strong determination and
patience as well.

[passwordnow]

You don't have to monitor the markets all of the time. Just because you don't day trade, you're no longer a trader. You're still considered as a trader if you buy and sell at any time that you want. It is when patience comes and makes it as an important attitude to cater your success through trading. Patience in a manner that you only sell when you get into profit, you don't make yourself affected by any bad news but you go according to your plan of when and how much is the price you're about to sell.

[dunfida]

You don't have to monitor the markets all of the time. Just because you don't day trade, you're no longer a trader. You're still considered as a trader if you buy and sell at any time that you want. It is when patience comes and makes it as an important attitude to cater your success through trading. Patience in a manner that you only sell when you get into profit, you don't make yourself affected by any bad news but you go according to your plan of when and how much is the price you're about to sell.

There are different type of traders which means its neither an active one or swing/long term one and youre right when it comes to definition of a trader which it doesnt
really need to be an active one for you to be considered as one.Buying and holding would already be enough.
Selling point will vary into each person because not all have the same mindset or on when he would be satisfactorily convinced for him to sell.
success can be defined that you do become profitable in spite of the losses you had committed and you do make yourself sustainable.

[D ltr]

You don't have to monitor the markets all of the time. Just because you don't day trade, you're no longer a trader. You're still considered as a trader if you buy and sell at any time that you want. It is when patience comes and makes it as an important attitude to cater your success through trading. Patience in a manner that you only sell when you get into profit, you don't make yourself affected by any bad news but you go according to your plan of when and how much is the price you're about to sell.

I read what you explained and it is like trading management that every trader must do, patience and also a self-made plan is what traders must do to be successful, without proper trading management traders will have a hard time getting success.

[Question123]

The succesful trader their secret is they have a lot of patient and hardwork.

Patient of waiting to the coin they hold to increase the value so that they will sell it and they will gain a huge profit and that is what happens now to them now.

Hardwork on doing a research and make a discovery and list a possibility to happen in the future that they create a prediction to the coin.

[Untomabur]

You don't have to monitor the markets all of the time. Just because you don't day trade, you're no longer a trader. You're still considered as a trader if you buy and sell at any time that you want. It is when patience comes and makes it as an important attitude to cater your success through trading. Patience in a manner that you only sell when you get into profit, you don't make yourself affected by any bad news but you go according to your plan of when and how much is the price you're about to sell.

I read what you explained and it is like trading management that every trader must do, patience and also a self-made plan is what traders must do to be successful, without proper trading management traders will have a hard time getting success.

trading management can be done easily, it's not something complicated,
the secret to successful trading is that you can read an analysis, because trading requires proper analysis.

[death69]

You don't have to monitor the markets all of the time. Just because you don't day trade, you're no longer a trader. You're still considered as a trader if you buy and sell at any time that you want. It is when patience comes and makes it as an important attitude to cater your success through trading. Patience in a manner that you only sell when you get into profit, you don't make yourself affected by any bad news but you go according to your plan of when and how much is the price you're about to sell.

I read what you explained and it is like trading management that every trader must do, patience and also a self-made plan is what traders must do to be successful, without proper trading management traders will have a hard time getting success.

trading management can be done easily, it's not something complicated,
the secret to successful trading is that you can read an analysis, because trading requires proper analysis.

Not as easy as you think. I have approached many professional trader and they said that money management is the hardest thing because you can be affected by your emotions.

Many of my friends who read hundreds of books but still, they can not make a monthly profit with trading. Learning is only 20% of trading, according to many sources

[Anyobsss]

There's no secret to it. It is common knowledge that If you want to succeed at something you have to put the time into it, you have to study everything about it. There's no successful trader that become successful overnight, they have put thousands of hours to study how the market behaves, learning how to read charts, studying how other traders behave that basically, it becomes a part of them. There's no real secret to it. It is effort.

[passwordnow]

You don't have to monitor the markets all of the time. Just because you don't day trade, you're no longer a trader. You're still considered as a trader if you buy and sell at any time that you want. It is when patience comes and makes it as an important attitude to cater your success through trading. Patience in a manner that you only sell when you get into profit, you don't make yourself affected by any bad news but you go according to your plan of when and how much is the price you're about to sell.

I read what you explained and it is like trading management that every trader must do, patience and also a self-made plan is what traders must do to be successful, without proper trading management traders will have a hard time getting success.

It is part of it, the management. Every trader can be good in their own perspective based from what they do and how they make their trades worth. As always, you need to be well-managed when you trade and you don't have to get caught by your emotion lest you're used to it.
That will be your main enemy in trades if you're very much emotional in each of your trades and success can't be reached if you're mostly depending to it.

[maldini]

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[barbara44]

there is nothing wrong with imitating trading, because before we find our own characteristics in trading we need to reflect on those who have been trading for a long time, the most important thing is high willingness and patience. because controlling emotions is very difficult, especially when faced with high volume market movements, often making emotions uncontrollable.

Imitating or learning from someone is never a bad idea but it becomes a problem when you are too dependent on someone else for your profits and that is why a lot of traders criticize copy trading because instead of learning you are only earning and in future this can have drastic consequences.

I have fortunately been able to read interviews and articles from some of the best traders, not in the crypto market but in general. They have one thing in common and that is to have a correct vision when you invest like if you read the story of how Jeff Bezos became so rich he always had the long term vision with Amazon and never focused on profits and that is what led to his success and same goes with investing and trading, have a good vision with what you are doing.

[Hamphser]

there is nothing wrong with imitating trading, because before we find our own characteristics in trading we need to reflect on those who have been trading for a long time, the most important thing is high willingness and patience. because controlling emotions is very difficult, especially when faced with high volume market movements, often making emotions uncontrollable.

Imitating or learning from someone is never a bad idea but it becomes a problem when you are too dependent on someone else for your profits and that is why a lot of traders criticize copy trading because instead of learning you are only earning and in future this can have drastic consequences.

I have fortunately been able to read interviews and articles from some of the best traders, not in the crypto market but in general. They have one thing in common and that is to have a correct vision when you invest like if you read the story of how Jeff Bezos became so rich he always had the long term vision with Amazon and never focused on profits and that is what led to his success and same goes with investing and trading, have a good vision with what you are doing.

Always set goals or plans on making yourself better into this trading field.This might not really be that easy but it can possibly be learned if you do really put up some

efforts and time with it and of course where mistakes will be your best teacher into this kind of circumstances.You should have goals or targets on a specific period of time where

you do push up your limit and then relearn on what you had go along the way.Theres no secret when it comes to success but rather having that persistence of hardwork and dediction
on learning for yourself.

Dont be dependent too much into others just because you've been thinking that you can make it on your own.