Which is the secret to success in trading?

[celot]

For me success in trading with getting profit although few percent and I prefer to sell my trading assets after reach although with 5% or 7% and buy back again when price down, its my way because make us how to consist to get much profit and repeat every day without waiting for long term to get much profit, some time I have disappointed why sell very quickly if holding few hours or days later maybe price will wake up more than 40% but I try to be faster for selling my trading coin, I wanna get less risk although with little profit but keep going on every day and I try without have hold my coin for long time and keep continue to get profit every time.

[1714182623]

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[1714182623]

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[1714182623]

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[1714182623]

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[1714182623]

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[hahay]

For me success in trading with getting profit although few percent and I prefer to sell my trading assets after reach although with 5% or 7% and buy back again when price down, its my way because make us how to consist to get much profit and repeat every day without waiting for long term to get much profit, some time I have disappointed why sell very quickly if holding few hours or days later maybe price will wake up more than 40% but I try to be faster for selling my trading coin, I wanna get less risk although with little profit but keep going on every day and I try without have hold my coin for long time and keep continue to get profit every time.

Small profits but if consistent then in the end it is a good result too, there is nothing wrong in any strategy if you can calculate it well and always be patient to sell at a certain target. Because the mistake that often occurs is lack of patience, it doesn't matter if you even only follow others because if you can be patient and realize buying at a lower price, then in the end it will make a good profit too. So in trading, I think it depends on patience and awareness about the right time to buy and sell, if that has been considered properly I think the trades will be at least profitable.

[error08]

The most important thing to success in trading probably "the information", that's what drives the trend in the market.
Always read and watch the news of what going on in the world, especially the economy, institutional investors buying more coins, stocks, projects development, even the elections, the point is up-to-date information about what's going on. The pattern will follow the trend on the market, that's what pushes the price to rise or fall to a certain degree.

[el kaka22]

Patience is definitely a big deal I agree with that. There are tons of companies nowadays who buy from increased price and stay calm and just wait the waves. Look at grayscale and microstragy for example, they bought at 10k when price moved from 4k, everyone said "bitcoin already made 2.5x increase why would they buy now that bitcoin is high. Well they made another 80% profit from this on top of that 2.5x increase that was before they got in.

This means as long as you can wait, you can make a profit. Obviously it is not a big problem that they would have because they have a lot of money and they can wait easily compared to us who do not have that much money and that is why I really think that they are at a big advantage but if you can copy what they do, you can earn too.

[Lanatsa]

The most important thing to success in trading probably "the information", that's what drives the trend in the market.
Always read and watch the news of what going on in the world, especially the economy, institutional investors buying more coins, stocks, projects development, even the elections, the point is up-to-date information about what's going on. The pattern will follow the trend on the market, that's what pushes the price to rise or fall to a certain degree.

When it comes to fundamentals then cryptocurrency market isn't really that highly reactive but somehow it can really make effect
towards price movement which might or might not precise thing for you to rely or based on.

You should always keep yourself informed not only on new but also in other aspects as well like trading or technical indicators.

When you do make yourself good in terms of profitability then that's what you considered on being success.

[death69]

The most important thing to success in trading probably "the information", that's what drives the trend in the market.
Always read and watch the news of what going on in the world, especially the economy, institutional investors buying more coins, stocks, projects development, even the elections, the point is up-to-date information about what's going on. The pattern will follow the trend on the market, that's what pushes the price to rise or fall to a certain degree.

Read news and other information around the world is for fundamental analysis trader. It is a good aspect of trading. However, i dont have much time to scheme news. Therefore, i choose technical analysis which is more suitable for me

[TitanGEL]

Patience is definitely a big deal I agree with that. There are tons of companies nowadays who buy from increased price and stay calm and just wait the waves. Look at grayscale and microstragy for example, they bought at 10k when price moved from 4k, everyone said "bitcoin already made 2.5x increase why would they buy now that bitcoin is high. Well they made another 80% profit from this on top of that 2.5x increase that was before they got in.

This means as long as you can wait, you can make a profit. Obviously it is not a big problem that they would have because they have a lot of money and they can wait easily compared to us who do not have that much money and that is why I really think that they are at a big advantage but if you can copy what they do, you can earn too.

Patience is important but for me it is depend on what type of trader are you, I'm a scalper trader wherein I just hold the token that I currently trading for minutes and hours. There are; any types of trader like position trade,  scalpers and swing traders. I often do margin trading so patience for me is a big thing. Patience are usually for the long term investors who hold huge funds. People mistakenly patience is the key but it is just a factor, the real key is mastery wherein we know what we are doing and we are not just buying and selling without any reason..

[Jojiru10]

keep on practicing, and be determine. you can't perfect it in just a snap, in success you need to sacrifice time and exert more effort. you also need to control yourself, don't be so greedy and don't be afraid to decide. Traders has their own strategy and techniques, it's just a matter of self control and right decision making.

[Smitty Werben Man Jensen]

The most important thing to success in trading probably "the information", that's what drives the trend in the market.
Always read and watch the news of what going on in the world, especially the economy, institutional investors buying more coins, stocks, projects development, even the elections, the point is up-to-date information about what's going on. The pattern will follow the trend on the market, that's what pushes the price to rise or fall to a certain degree.

Read news and other information around the world is for fundamental analysis trader. It is a good aspect of trading. However, i dont have much time to scheme news. Therefore, i choose technical analysis which is more suitable for me

each trader does have different skills, some use analytical techniques,
some use news-based techniques, even use both to trade, indeed we can't fix,
and we have to learn first if you want to trade.

[el kaka22]

Patience is important but for me it is depend on what type of trader are you, I'm a scalper trader wherein I just hold the token that I currently trading for minutes and hours. There are; any types of trader like position trade,  scalpers and swing traders. I often do margin trading so patience for me is a big thing. Patience are usually for the long term investors who hold huge funds. People mistakenly patience is the key but it is just a factor, the real key is mastery wherein we know what we are doing and we are not just buying and selling without any reason..

Even if you are doing trades within minutes, patience is still very important and doesn't change a thing, or if you are doing margin or futures they are all the same. Because, if you are doing trades within minutes, you might have the stress and excitement of hitting that button constantly, and doing it a bit too late or a bit too early could lose you a lot of money. However, if you are patient and calm you could definitely make a trade that would be perfect for you.

Plus if you do spot trading that is quick, you could definitely stretch that to over few hours instead of few minutes as well, same goes for margin sometimes as well. Find the best time to buy or sell, doesn't matter how quick you are trading there are always better places to buy and sell if you could take a look at few hours and pick the right peak.

[Renampun]

...
trust yourself and do not copy others, because the other can be wrong.
...

don't copy another but listen to another suggestion...
For beginners, do not ever decide something without thinking or listening to advice from other people who are experienced. Trading is not just 'buy or sell' but also a matter of time, if you buy or sell at the wrong time then you are definitely losing.

[South Park]

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.

You touch an interesting point, sometimes when I speak to people that have begun their journey as traders they tell me about all the indicators and strategies that they use and when I take a look at their charts it is a complete mess, it doesn't matter how smart you are no one is going to be able to understand what is going on in that chart, for the most part you only need three or four indicators to be able to become a competent trader, but obviously this is only true if you know how to use them.

[coiner-88]

I believe that is too long to even consider waiting for your cash on the off chance that you excitedly hoping to procure exchanging. It's smarter to peruse books watching recordings that can assist you with learning and add more information. There no mystery but instead this do truly require determination, consistence and a long persistence yet we do manage unpredictable market which as a feature of nature of person which is excessively enthusiastic and responsive then that is on of the variables that do truly influence our exchanging or into our objective.

[yohananaomi]

...
trust yourself and do not copy others, because the other can be wrong.
...

don't copy another but listen to another suggestion...
For beginners, do not ever decide something without thinking or listening to advice from other people who are experienced. Trading is not just 'buy or sell' but also a matter of time, if you buy or sell at the wrong time then you are definitely losing.

good guidelines from a friend to those who are not used to doing it. because it seems like an easy thing because it also takes patience and does not panic quickly before determining the next step to do the best.
very true, trading is not just selling and buying and this I really agree with because have to analyze it well because it could be that the actions we will take will backfire on us and suffer losses.

[doomloop]

sometimes when I speak to people that have begun their journey as traders they tell me about all the indicators and strategies that they use and when I take a look at their charts it is a complete mess, it doesn't matter how smart you are no one is going to be able to understand what is going on in that chart, for the most part you only need three or four indicators to be able to become a competent trader, but obviously this is only true if you know how to use them.

These indicators might work well in the regular stocks market and currency trading but when it comes to crypto market thing are not as simple because I have seen some of the best in the trading market being dumbfounded by the market movements and so I think there is literally no way one can predict the prices movement correctly.

I mean if there was someone who can actually do that they would be billionaire by now so everyone reaching the charts and everything are just speculating and no one can predict the actual price or bear/bull run of Bitcoins.

[Salauddin1994]

Yes, in order to be successful in business you have to find something inside yourself your own knowledge and experience is more effective than the intellect of others following your own strategies will help you learn something new even if it is a loss and will help you to move forward. Trading will become easier by following the trading charts by doing market analysis yourself without relying on any bots.

[gibssh007]

Being a successful trader requires lots of reading and back testing,in that way u will be able to discover which indicator that is best suitable for you.
  for instance must traders, enters a trade base on moving average crosses for either buy or sell while some other trader uses  moving averages as support and resistance level.

[militiariko]

Most talks, chats and threads about trading success are quite educative and enlightening; but only few make mention of committment. I feel it is a different thing to learn how to trade; it is a different thing to be committed to being successful in trading. Several learners have given up on trading, while several others takes signals off others and call theirselves traders.

To trade succesfully, you need to find out if you are committed to the course, so are you committed to learn trading ? or you get mostly distracted?

[Sled]

Why people get succeed is because they don't stop learning and they also applied what they have learned. 
Reading, searching, and experience has a huge contribution to our success. Therefore, if we are lazy person and full of doubts, certainly we go nowhere and never expect that we will succeed. Hard work, acting smart, make the decision wisely equals success.

[South Park]

sometimes when I speak to people that have begun their journey as traders they tell me about all the indicators and strategies that they use and when I take a look at their charts it is a complete mess, it doesn't matter how smart you are no one is going to be able to understand what is going on in that chart, for the most part you only need three or four indicators to be able to become a competent trader, but obviously this is only true if you know how to use them.

These indicators might work well in the regular stocks market and currency trading but when it comes to crypto market thing are not as simple because I have seen some of the best in the trading market being dumbfounded by the market movements and so I think there is literally no way one can predict the prices movement correctly.

I mean if there was someone who can actually do that they would be billionaire by now so everyone reaching the charts and everything are just speculating and no one can predict the actual price or bear/bull run of Bitcoins.

Fortunately you do not need to predict the direction of the market 100% of the time to make profits out of it, as long as your money management skills are strong and you have a strategy that can profit from the markets then it does not matter if you lose many trades as long as you win more during the trades you happen to win, this whole idea of predicting the direction of the market 90% of the time or more is a myth and even a system like it could be a losing one if the 10% of your losses are massive while your wins are small.