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Author Topic: Follow a trading process.  (Read 756 times)
cytpoway121 (OP)
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November 28, 2020, 08:22:49 PM
 #61

Some people would like to aim to get more profit regarding trading but it's worth it?
Some of them risk a large amount of money just to get more income some of them are already skilled but how about the beginners this is the misconception right here that the trading is just easy.

It depends on your capabilities if you can risk more go
If you want to play safe go

No one can stop you but again at the end of the day always profit is the goal.

Definitely, the aim of every trader or investor is to take profits but the reason why you need a trading process is to ensure that you have a way to take such profits. Remember that trading is a skill, and you can take profits consistently by the skill you trade with. So i ask again. what is your strategy ?
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November 30, 2020, 05:06:14 PM
 #62

You mention this is very helpful because of the rule of least that all novices need to know. Psychology and experience are therefore important to newcomers because they can panic and make wrong decisions, so we should trade with a cold mind and understanding the market.
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November 30, 2020, 09:22:15 PM
 #63

It is really essential that things must be organized and well managed to come up into well fixed process to be able to come up into gaining success rather than failure. On trading, aside from profit and process, you must also come up into a best strategy that is based on your preference and intellectual understanding so that it would be easy for you to come up with a back up plan since we are working on a volatile market on which dealing with sudden changes must also be included on the process we are talking about. Process must be composed of strategy that is visualizing what can happen so that we are already foreseeing that can happen once certain circumstances come into the path. There is no need on chasing losses for you will end up losing more and no need to rush things up for you need to be patient and trust the process.

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November 30, 2020, 09:22:22 PM
 #64

You mention this is very helpful because of the rule of least that all novices need to know. Psychology and experience are therefore important to newcomers because they can panic and make wrong decisions, so we should trade with a cold mind and understanding the market.
All can be attained through experience because making yourself aware with the market is the best way to learn in.

Actual hands on and experience will teach you on how things do works and what are the things you would face up and in further result neither it would be on profits
or in loss and with that you would eventually learn.

Process does take too long time and you shouldn't be on a hurry because letting yourself in a hurry will really make mistakes because
you cant really focus and trying to be profitable with very less analysis that had been made.

R


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December 01, 2020, 08:27:34 AM
 #65

In trading there is a necessary steps to do before starting your journey in trading. Make a trading plan than chasing a quick profits. In order for us to be successful in trading we should know the process when to enter position and when to exit. Since market conditions can be shown in down or uptrend. However, having a solid trading plan profits will follow especially to those who are newbie in this journey.

Take baby steps if you are just in the learning phase, majority of new traders are keep failing because they keep skipping the basics of the trading. They switching quickly in the harder concepts that can make them to be confuse more. There is no shortcut in trading journey because you really need to experience a lot of things. You should also be patient trader where you should not quickly expect that you will become a professional trader by just weeks or months. Trading is a journey and it is not a race so just be sure that you will have guts to learn and to master a lot of strategies in trading.

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December 01, 2020, 10:24:19 AM
 #66

In crypto currency, i suppose that there are two P's, Profit and process.

Oone core words i have for newbies  and enthusiasts in the space today is that they should follow the process. Result might not come early or sooner as you expect it to do, but it will yield in profits; if you stick to your process rather than chasing profits.

NB: This is a wake up call to all traders to develop a trading skill or perhaps strategy; and ensure to stick to the process until perfection, and you can watch the profits follow.
Without have process we can't become the first position to earn profit, right now many people try with instant way how to get much profit and always have on their mind when investing with bitcoin or altcoin they will get much profit, never have chance with investment have tw o ways loss or profit but they always faith with profit only. I know how the first time I trade coin always not lucky and have to sell after price correction but exactly price going to higher, but have to sold it.

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December 02, 2020, 06:23:29 AM
 #67

In crypto currency, i suppose that there are two P's, Profit and process.

Oone core words i have for newbies  and enthusiasts in the space today is that they should follow the process. Result might not come early or sooner as you expect it to do, but it will yield in profits; if you stick to your process rather than chasing profits.

NB: This is a wake up call to all traders to develop a trading skill or perhaps strategy; and ensure to stick to the process until perfection, and you can watch the profits follow.
the earlier process is used for trading because the process has to go through a lot of things to go through, for profit you can adjust the process if the process is good, profit will be easily obtained by whoever the trader is. so I think following the trading process is a must
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December 02, 2020, 07:50:36 PM
 #68

In crypto currency, i suppose that there are two P's, Profit and process.

Oone core words i have for newbies  and enthusiasts in the space today is that they should follow the process. Result might not come early or sooner as you expect it to do, but it will yield in profits; if you stick to your process rather than chasing profits.

NB: This is a wake up call to all traders to develop a trading skill or perhaps strategy; and ensure to stick to the process until perfection, and you can watch the profits follow.
the earlier process is used for trading because the process has to go through a lot of things to go through, for profit you can adjust the process if the process is good, profit will be easily obtained by whoever the trader is. so I think following the trading process is a must
Anything does need a process because if you dont follow on that path then you would really ending up on having no plan or set of goals since you arent minding when it comes to
organizing up on things.

When trading then lots of factors that do really affect your profitability or the outcome of your trades and with that then you should really prepare up yourself yet mistakes are inevitable
and with it then you would able to learn from that and thats part of the process.

Trying to turn back? This isnt one of the qualities of a good trader..You should sustain all of these things for you to succeed.

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December 03, 2020, 09:20:57 AM
 #69

These two factors are very important, because the stands as the gate ways to making it big while trading. Profit and process. The two (2) P's. And I think following the normal trading process, is to think of the knowing how. Which is the process of trading. The first lesson to learn before diving into the ocean of trading that could eventual swipe you off your feet. When starting out to trade, don't be too forward of wanting to taking profit immediately. Success in trading takes time, and you have to be patient to enjoy that.

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December 04, 2020, 04:47:34 PM
 #70

Yup true, anyone that wants to be successful in anything has to follow the process, but one problem that most people do have is with finance. Trading cryptocurrency, especially day trading requires that you have enough money to keep trading and knowing very well that as a noob you’re going to make mistakes that will lead to loss of money, it’s not going to be really easy.

So, as you’re learning you also need to not put too much of your reliance on crypto, focus more on your other job and let this one be a side hustle so you can keep getting income to invest in your side hustle.
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December 04, 2020, 10:18:23 PM
 #71

In everything you want to achieve, there is always a process. We can't jump into the results without any sacrifices. If we want a good results, we should strive hard to reach it. Trading is really hard to understand, you need to input your time and determination just to know every factors of it. In fact, even you know it a lot there is always a chance that you may lose your trades. However, if you will be open for changes, you have to accept the fact that you commit mistakes and never did that again.

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December 04, 2020, 10:22:12 PM
 #72

In everything you want to achieve, there is always a process. We can't jump into the results without any sacrifices. If we want a good results, we should strive hard to reach it. Trading is really hard to understand, you need to input your time and determination just to know every factors of it. In fact, even you know it a lot there is always a chance that you may lose your trades. However, if you will be open for changes, you have to accept the fact that you commit mistakes and never did that again.
Hard to say that mistakes that you had experienced on the past wont really be able to experience once again.Of course you would able to experience it out but at least you are already aware on the possible
actions  that you would made since you do already know on what would be the next plausible scenarios that will be next.

Everything needs process but majority of us are too impatient and thats why we do rush up on making decisions without even rethinking if its right or worth to be done.
Not all would really be taking off some sacrifices but instead they do make reckless decisions and when they got flopped down then thats
the time they do make out some study or doing their assignment.

Trading isnt something that you can just learn in one day.It will take lots of time and all of possible hardships for you to embrace about it everything.
Building yourself as time pass by with sufficient experience.

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December 04, 2020, 11:33:04 PM
 #73

Trading must be patient ,, because patience will be rewarded.  You must enjoy every learning process.  because your trading experience will make you more and more understand how trading really is.  Risk management is very important, don't be too emotionally greedy when entering and taking profit in the market

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December 05, 2020, 05:23:26 AM
 #74

Your words at the opening were very wise, most people when trading only think of profit. Even though if we follow the trading
process well, profit will come by itself without us having to pursue it. Chasing profits without paying attention to the process
will only make us greedy and suffer losses. So patience in carrying out the trading process is the real key to getting profit.

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December 05, 2020, 05:53:52 AM
 #75

Trading means is not a profit every time I think trading is a profession and carefully work so get the positive feedback trading person is rear that professionally trade and get the profit and make new trading life, firstly you can start trading and try to learn deeply. that then make invest finally big amount.
Absolutely right, It has absolutely nothing to do with crypto. It's not about taking profit every single day, but the ability to look at a chart and do your own TA has a lot to do with trading crypto. Meanwhile if you're learning deeply now it covers all the basics then it helps generate profit.

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December 05, 2020, 09:41:02 AM
 #76

All come from a so-called process, this is serves as a guide to us not only in trading but has been also applied to any business.

Traders who come without a process and goals make themselves very difficult and even make them a reason to quit. That why some people do copy trading as a basis for their future sole trading and that simply they used such a thing to make his own trading process going straight to his goal and succeed.

This can be long and no shortcut.


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December 05, 2020, 09:53:12 AM
 #77

Trading must be patient ,, because patience will be rewarded.  You must enjoy every learning process.  because your trading experience will make you more and more understand how trading really is.  Risk management is very important, don't be too emotionally greedy when entering and taking profit in the market
It is right. By enjoying the process, we will know that trading is not as easy as we think because we will need to know when to enter the market.
Risk management and greedy will always be at the traders, and that will not be easy to handle because if we see the price can touch the high price, our greedy will become bigger, and we want to get more profit.
If that so, there will need to control ourselves not to chase a bigger profit if the price can not increase more because that will not be available to us to want a bigger profit.
Enjoying the process will be fun, especially if we can take the lesson from every moment in the market.
Besides that, we can learn more about analyzing the market that can improve our skills.

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December 05, 2020, 08:23:35 PM
 #78

Your words at the opening were very wise, most people when trading only think of profit. Even though if we follow the trading
process well, profit will come by itself without us having to pursue it. Chasing profits without paying attention to the process
will only make us greedy and suffer losses. So patience in carrying out the trading process is the real key to getting profit.

Aiming to take profits as a trader is definitely not a problem; you must aim for profits; how you target your profit and methods you use to attain it is what the main post is addressing. Also, following a process well does not guarantee that profit will come; because you might be following the wrong process unknowingly. We should just ensure we do it right purposefully.
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December 05, 2020, 09:50:25 PM
 #79

Most people who fail in crypto trading are impatient with the process, to make large profits in trading the correct process is
also needed. So it is wrong to expect instant profit from trading, we have to carry out the trading process correctly, it makes
it easier to get profit. When the trading process occurs, there we can learn a lot about the right way of trading. That is what
ultimately makes someone become good traders.

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December 05, 2020, 11:10:45 PM
 #80

Most people who fail in crypto trading are impatient with the process, to make large profits in trading the correct process is
also needed. So it is wrong to expect instant profit from trading, we have to carry out the trading process correctly, it makes
it easier to get profit. When the trading process occurs, there we can learn a lot about the right way of trading. That is what
ultimately makes someone become good traders.
Sometimes when we are new to trading we oftentimes get impatient with everything, we tend to make things as fast as it could or go with our plan, in trading there's no shortcut to everything, we need to learn all of it throughout the year or months, we Can never learn everything in jsut a day so profit will not get huge in a day only, aside from knowledge we should learn how to control our emotions, because that is everyone's weakness.

This is the reason why it is not advisable to rely on trading bots as you will not get the good grasp of trading if you will do so. It is better to start from scratch and learn the process, tips, tricks along the way. The longer you are in trading, the more knowledge you will have in attacking the market. Also, not every coin have the same market behaviour, so if you are following the coin, you do need to check their updates not only here but on their social media channels.
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