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Author Topic: Which is the secret to success in trading?  (Read 1148 times)
Sebas.tian
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December 18, 2020, 03:44:34 PM
 #161

In my honest view, the secret to success in trading are as follow: Have a good capital for your investment, Don't be greedy to take profit when there is an open opportunity, Ensure not to follow FOMO becasue this is the most dangerous means to loss your portfolios easily among friends in the industry, lastly, learning and relearning should be imbibe.

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December 18, 2020, 03:46:57 PM
 #162

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.


If you want my decision or opinion then i wil suggest you don't believe in any secret about making money or getting success. Don't believe in any tricks to make money just believe in one thing that you have to make your own tricks own strategy. Because if someone makes strategy then its work for him not for you remember that. You have to make your own strategy or secret tricks by working by you. When you gives much more time in this platform you can gain more knowledge and by that knowledge you can make your own secret strategy. Just remember that one thing
Inspiron14
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December 23, 2020, 11:31:56 PM
 #163

trading does not require secrets, but requires knowledge and experience,
many successful traders because of their bad experience, and it makes them realize that trading requires some important points.

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December 27, 2020, 10:17:18 AM
 #164



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.
Yes, i also tell don't copy from other because he can be wrong. How can you control emotions when i seen 20k usd fall in 10k?


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Alexmagn84
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December 27, 2020, 03:55:19 PM
 #165

I think knew whether you realize hot to explore first the coin, understanding graphs and examine it you will get effective in addition to you know how to supervisor your feeling. Especially the concentrate needs to make a little benefit out of the minor variance. Individuals bomb out of exchanging when they will in general make a major benefit out of little venture.

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December 28, 2020, 06:09:34 AM
 #166

It's like you are asking what is the secret to success in gambling...or in life! And I can tell you it's patience! I can tell you it's bankroll management! I can tell you it's research before investing!... Furthermore, I can tell you a lot more, and guess what...they are not so secret in the end!
To be successful in life and other things around you need to know yourself, your position and what you are capable for! Set up your goals (try some lower ones at first), learn and make progress, with time you will be able to set up higher goals! The secret is in knowing what you can and what you can't do, don't go over your head, don't be greedy, observe the situation, make conclusions, check your options, make your move! I wish you profitable trading!

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December 28, 2020, 06:27:04 AM
 #167

The secret is in knowing what you can and what you can't do, don't go over your head, don't be greedy, observe the situation, make conclusions, check your options, make your move! I wish you profitable trading!

These advise you dropping here are good once to be a better trader. Not being greedy can help a trader in building and accumulating profit over time. This is important in trading for consistent profit. The trader who wants to rush for profit will miss it for losses.
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December 28, 2020, 11:16:51 AM
 #168

Yes, i also tell don't copy from other because he can be wrong. How can you control emotions when i seen 20k usd fall in 10k?
Unless the strategy is to copy them buying bitcoin and holding it and do nothing as you wait for the price to go up. That's not a bad strategy and will make you far from trading.

It is still part of trading because you have to sell when you hit the price you're trying to reach as you buy it.


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December 28, 2020, 01:19:54 PM
 #169

Each and every trade in cryptocurrency has the strategy but it is not same and applicable for all. So I don't believe that there has any secret to success in trading. You can develop your own strategy and need to do more research. I also trade more than one years in crypto but I don't have any secret honestly.

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January 26, 2021, 11:55:35 AM
 #170

Follow the strategy and forget about emotions. This is the advice of experienced traders.
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January 26, 2021, 12:13:44 PM
 #171

Follow the strategy and forget about emotions. This is the advice of experienced traders.
You have a point, plan and strategy has an important role to execute a good result in trading. But before that we need to fill our minds with knowledge about trading (regardless if its stock or crypto) and on what to expect as a trader. Base on my experience as a trader the secret to success in trading is having a right mindset, plan and strategy to follow in order to be on the right track. Its fine to follow other trader's strategy because we can learn from it but its a must to have our own understanding. Analyze the situation and have plenty of time to spend monitoring the market.

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January 26, 2021, 01:14:04 PM
 #172

Minimize trading costs. ...
Watch Trading times. ...
Follow Bitcoin News. ...
Use technical analysis. ...
Use stop losses
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January 26, 2021, 01:36:24 PM
 #173

Follow the strategy and forget about emotions. This is the advice of experienced traders.
Easy to say but hard to follow.

Emotion is one of the hardest to control for being a trader. You can easily be brought up by it whenever the market is in favor and not. You'll commit such decisions that are not suitable which you'll regret afterwards.

But it's a correct advise, although forgetting about emotion isn't easy.


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