Discipline keeps you grounded

[crzy]

That’s true, and we have to develop the right discipline for us to succeed because if you become impatient, and greedy I’m sure you’ll lose the opportunity to make money. The market is very volatile and if you have weak emotion and don’t have any strategy, expect that you’ll lose your chance.

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[distr@yopmail.com]

Tthere are no doubts it is luck; and in another way you can call it opportunity; A newbie comes to the crypto currency market in the bull run and take part; ofcourse there will be profits. The consequences of not being knowledgeable about crypto currency will only start to come to play during the bear market. As they say; The profits a newbie makes in the bull run; if he fails to learn how to trade and invest; he loses it to the bear market or price correction

I think many beginners have had such an experience. I even experienced it when I first started investing and trading in the crypto market. but nowadays newbies who come to the crypto market are not new to investing. at least they know how the crypto market works to still be profitable even in small amounts and not get caught in a bear market.

[max6575]

yes to work on results with the tasks of evaluation as securing of balance with the margin equity to dispose of risks on losing as might investors to work with selection of appeals as qualifying different aspects on parts with the initiation.

[bassbity]

what keeps us going in the cryptocurrency industry is our love for it. discipline is only for the rules where we must know the limits when trading by adjusting the conditions of price movements. for us losing in trading is a natural thing. but in this context we enjoy it and in the future try to reuse it. like traders in a fish market, sometimes there is a quiet time, and there will come a time when buyers will come to give a profit. not much different from cryptocurrency. We remain conducive in responding to each season change.

[iTradeChips]

During a bull run or bear market; it is easy for newbies to make more money. In fact newbies make more money during the bull run than long term trader, the core problem is that newbies tend to lose those profits back to the market when the bear struck and the long term traders keep making their profits all year round.

You have to understand in reality that you cannot be consistently profitable except you are disciplined and glue to your rules.
The truth is, you know the right thing to do as regards crypto currency; just do it.

Active trading is not everyone's cup of tea so because most of the people in this market are having day jobs and doing this crypto stuff part time they do like to hold for longterm and i think holding for long also pays good if you are good to take some profit at high price.

I have seen many of the people that I taught to trade either give up or lose their initial investments when they trade. I do agree that it is not just discipline that is needed but also a lot of patience and proper knowledge of the coins that you are investing with. Sometimes my colleagues and friends tend to watch too much stock market videos but all you need is a sound mental faculty so as to avoid feeling too excited or too panicky.

[TWW]

I have seen many of the people that I taught to trade either give up or lose their initial investments when they trade. I do agree that it is not just discipline that is needed but also a lot of patience and proper knowledge of the coins that you are investing with. Sometimes my colleagues and friends tend to watch too much stock market videos but all you need is a sound mental faculty so as to avoid feeling too excited or too panicky.

You are right. mental abilities that are sometimes difficult to achieve. people can read and see theories about trading. but when it comes to trading itself the situation will be different. I experience it myself and try to improve it in every trade I make. to be honest it's not very easy.

[Ureung jameun]

During a bull run or bear market; it is easy for newbies to make more money. In fact newbies make more money during the bull run than long term trader, the core problem is that newbies tend to lose those profits back to the market when the bear struck and the long term traders keep making their profits all year round.

You have to understand in reality that you cannot be consistently profitable except you are disciplined and glue to your rules.
The truth is, you know the right thing to do as regards crypto currency; just do it.

I agree with your statement that discipline will surely lead us to a better direction. so it takes discipline in carrying out various activities, especially for us as cryptocurency users and also for long-term or short-term traders. with discipline we can make more money for beginners or seniors.

[kindbtc]

During a bull run or bear market; it is easy for newbies to make more money. In fact newbies make more money during the bull run than long term trader, the core problem is that newbies tend to lose those profits back to the market when the bear struck and the long term traders keep making their profits all year round.

You have to understand in reality that you cannot be consistently profitable except you are disciplined and glue to your rules.
The truth is, you know the right thing to do as regards crypto currency; just do it.

Yes, descipline is one of the basic characteristic of a trader or investor so perhaps setting targets and taking partial profits at those target points is the best strategy during a bull run because we never know how long it will continue so we need to get something out especially for those who have not cashed out anything since 2017-18.

[citywise2]

You have to understand in reality that you cannot be consistently profitable except you are disciplined and glue to your rules.
The truth is, you know the right thing to do as regards crypto currency; just do it.

It isn't being disciplined that keeps you afloat in the cryptocurrency industry, it is one factor, yes, but the major one is knowledge.  Discipline without knowledge is nothing, it is like being leash without knowing what to do.  We must educate ourselves especially when we are new to cryptocurrency that way we can avoid scams and possible losses while venturing into the cryptocurrency sphere.

I am trying to look at it that being disciplined enough to apply the knowledge is it, because having knowledge and never getting to apply it, is one same with having no knowledge at all, wisdom is the application of knowledge! Any trader can run into some windfall, but there is a level above luck, it's called management and it takes wisdom to get there.

[marilynmanson21]

what keeps us going in the cryptocurrency industry is our love for it. discipline is only for the rules where we must know the limits when trading by adjusting the conditions of price movements. for us losing in trading is a natural thing. but in this context we enjoy it and in the future try to reuse it. like traders in a fish market, sometimes there is a quiet time, and there will come a time when buyers will come to give a profit. not much different from cryptocurrency. We remain conducive in responding to each season change.

If once or twice is natural, but if someone trades and loses many times it means there is something wrong with the way he trades. Discipline should solve the problems of novice traders, but unfortunately very few traders learn about emotional management as well as discipline, and for this reason many traders stop trading because they often lose more than they make a profit.

[momchilandonov]

Discipline is the most hardest thing for newbies. They become so excited about x2 profits that after they are ready to loose everyhing in next several trades

[Kong Hey Pakboy]

During a bull run or bear market; it is easy for newbies to make more money. In fact newbies make more money during the bull run than long term trader, the core problem is that newbies tend to lose those profits back to the market when the bear struck and the long term traders keep making their profits all year round.

You have to understand in reality that you cannot be consistently profitable except you are disciplined and glue to your rules.
The truth is, you know the right thing to do as regards crypto currency; just do it.

That is not entirely true. Some newbies still are not knowing enough about investing and trading in crypto. Joining in this forum is really helpful especially for beginners because all things that they need to know about crypto, it's actually here. Having discipline is one, but that's not all. It is still important to constantly learn more about the current happenings, then try to change or adapt depending on your initial goals. Knowledge is application is still the best if you want to succeed in one area.

[YOSHIE]

You have to understand in reality that you cannot be consistently profitable except you are disciplined and glue to your rules.

I haven't found the word "discipline" in the world of investing, as far as I know there are no specific rules if you invest in crypto.
Crypto investing isn't it, a job done by a group of military/offices that requires discipline.

Discipline, yields nothing in the crypto world, what is needed in the world of crypto investing is: capital / assets to invest, commitment to the future, analysis and profit.
Elon, he did it all. I never saw him say discipline, he just said capital and courage, boom, boom, boom, exploded....