trading needs consistent attention and full concentration

[passwordnow]

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle. 

It's normal for them to get carried away because they're only thinking of the return and that's why with even a small loss, they're already panicking but that's not a good take on this market because it reflects the results as they trade. Actually, it's good that they quit quickly so that they can save themselves from further losses which might happen if they stay for so long in the market that they're not accustomed to.

Quitting or taking a break isnt bad because this is the time on where people do make out self realizations neither they would come back and continue or would totally quit because this isnt something fits for them in terms of
money or risk taking and its on different level on each person so you would really see different outcomes about this and when talking about things needed about trading then it would really be needing full attention and concentration for you to succeed even though its not guaranteed but you would likely to succeed into this market if you do have this kind of behavior unlike others which do easily
quit when they do experience first loss.

Yes, it's not that bad at all because they know what they do and if they can't cope up with the market, that's all what they need to do and that is to quit or have some break. And as they break if they want to get back, they need to think of the strategy and learn from the mistakes and experience that they've gained through trading. If they cannot be on the full concentration, they should find a better market, a market that fits their knowledge and time to keep going.

[seramania]

In trading, we are indeed required to explore deeper trading knowledge and don't be complacent with the results we get. so psychologically we have to feel we still have a lot of shortcomings so that this is a motivation for us to study harder and work harder

[Obito]

The title's right, that's why you should think twice before getting in trading because it will take up a lot of your time and you will be surprised if you underestimate the time needed to trade each day especially when the market is bearish and you have to watch out for opportunities.

[Questat]

In trading, we are indeed required to explore deeper trading knowledge and don't be complacent with the results we get. so psychologically we have to feel we still have a lot of shortcomings so that this is a motivation for us to study harder and work harder

It means that we need to go beyond what we have today and make every day a habit to learn more until we find enough to deal with the market behavior.
It is likely to have the confidence and when we feel that we got what we want to happen on our trades.
All of this stuff needs passion and motivation, and we don't have to underestimate trading. Many got to fall and suffer failures because of such action and we don't need to be like them, otherwsie.

[molsewid]

Depending on self preference since not all would really be that having that kind of mindset but since we do have own decisions in life then its up to personal choice on which path you would take.
Neither you do focus on having a job and would enjoy it or would rather stick out on boring things but you are earning more? You can choose which one but for me i would rather choose
on seeing those charts and would really be cherishing out bigger income or profits even though nothing is assured but still you know the things you could do when you do have
more money compared into those day workers out there.

For some trading is kind of fun that it doesn't get them bored while they're doing it even it cost them all day to do the thing but there are also some of us who didn't a full time trader which also have had some things to do aside from trading. But here's one thing I know as a trader it may really cost you time and effort and it requires a constant learning because the price is not constant same also as the trend. As the trend keep on constant changing then the need for us to be updated and learn new things is a must.

[michellee]

In trading, we are indeed required to explore deeper trading knowledge and don't be complacent with the results we get. so psychologically we have to feel we still have a lot of shortcomings so that this is a motivation for us to study harder and work harder

It means that we need to go beyond what we have today and make every day a habit to learn more until we find enough to deal with the market behavior.
It is likely to have the confidence and when we feel that we got what we want to happen on our trades.
All of this stuff needs passion and motivation, and we don't have to underestimate trading. Many got to fall and suffer failures because of such action and we don't need to be like them, otherwsie.

but after all it is a process, where we are required to learn first to achieve the goal. but for me we should have learned theoretically from the experience of other traders, so try not to make mistakes like what they have done. so in reality it seems to just control the psychological problems where everyone will be different in the learning process

Yes, that is a process but that will depend on how hard we learn to trade because many of us do not continue to learn to trade and just use the other suggestion to buy and sell the coins. The psychological problem for every trader will be different and they need to know how to solve the problem so they can focus on trading and analyze better. If you can learn more about trading, you will see many trading lessons that we should learn.

[Kelvinid]

~....this means its needs full attention and concentration consistently.... ~

This is why I stopped day trading back in 2019. It was eating all of my time that I could have spent in something more...fun.
I mean I already have my job, and I would cut off tired and just straight up looking at the charts is kind of tiring even during my day-offs.

This means that trading isn't an easy job for all. Some just got it shortly and make themselves better after a short while but many were also getting hard to understand it and finally do an exit. To say that trading might be boring especially when we don't have a huge interest in it.

It is usually we are dragged by some influential people who told us that trading is profitable and easy, well, it was different when we are in actual trading and we can feel the difficulties especially when we struggled to understand the situation and suffering losses.

[Silberman]

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle. 

I would think that this should have been incredibly obvious and yet most people do not know this, revealing the low level of knowledge they have about trading and the markets in general, trading is hard anyone that says otherwise is lying or does not know what they are talking about, and the only way to become successful at it is to always watch the markets as you do not want to miss a single opportunity, as those opportunities appear and disappear relatively quickly.

Some set of people that say trading is easy have had many long years of study and at their present level they can command profit which terms it easy. That's why they say its easy. The other set of people are saying so because they want to lure people to join VIP or coke for money management. Trading is as tough as it should be easy.

That is a possibility but even then I have my doubts, after all even if it is easy to produce profits for the expert traders now, I am pretty sure they remember all the time they dedicated to the study of the markets and all the mistakes they made and all the money they lost and the sleepless nights they got out of it and the majority will still say that it was hard, only the most talented traders that did not had to go through that could say something like trading is easy.

[Hamphser]

Those traders who quits immediately or give up immediately are not really that serious in trading, they might be here just to try it out or experience the trading but those people who are really interested in trading will continue its journey even after many failure or losses. Yes it needs consistent attention and concertation since you are going to use strategy on how you will enter and exit the market.

Not that theyre not serious but rather they hadnt just expected on how they would act if losses would happen.When  its your first time then you would really be having that kind of impression.

You would really be on state of shock but your determination would rather be broken or wouldnt really mind at all.If you are really eager to learn then you would definitely not mind

if you lost once because you would really be thinking on where did you go wrong and would be curious and would really be trying out and you do really gain up experience.

[Karish2return]

It is very easy when newbies says that trading is very easy and we can do that without much efforts and doing much work and search for it, but when they are really doing trading, it is much difficult and needs much attention and concentration. That's why it is profitable.

[DarkDays]

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle. 

When it comes to short-term trading, it is necessary to do so, but in my view of trading I prefer to do it in the medium and long term, I have found that peace of mind in trading is the best thing to have.

The need for focus and concentration mainly applies to short-term trading but not so much for long-term. This is one of the reason why some people buy in and leave their coins for years before they come back to it.

This strategy works well for top 5 cryptos with a long-term of 1yr+ because their overall trend is likely to go up, but the picture becomes more complicated when considering other alts that are not the top coins.

[jaberwock]

In trading, we are indeed required to explore deeper trading knowledge and don't be complacent with the results we get. so psychologically we have to feel we still have a lot of shortcomings so that this is a motivation for us to study harder and work harder

Yeah, getting too overjoyed with your achievements is not ideal but at the time though, we must appreciate our good trades and work on the bad ones. I mean self-appreciation is an underrated aspect of life because if you appreciate yourself when you do something good, you will feel like repeating it while if you just don't feel satisfied with good trades, you will struggle to find happiness.

The title's right, that's why you should think twice before getting in trading because it will take up a lot of your time and you will be surprised if you underestimate the time needed to trade each day especially when the market is bearish and you have to watch out for opportunities.

Learning about the project when buying a new token and keeping an eye on the news when buying bitcoins is important. It's not just important to learn but also keep yourself updated with the latest occurrences too.

[kawetsriyanto]

Trading is a combination of those two and also discipline, smart strategy, good management of emotions, risks, and funds, and also the right decision. Besides, with those terms, we can have good experiences. Experiences will tell us how also.
But yeah, we are seeing not only newbies but also maybe most of us cannot do those all very well, except we are professional traders.

And if we are a daytrade, of course, trading will also spend much of our time and energy. We always know how a daytrade makes us lack sleep at night. 

[Lanatsa]

Trading is a combination of those two and also discipline, smart strategy, good management of emotions, risks, and funds, and also the right decision. Besides, with those terms, we can have good experiences. Experiences will tell us how also.
But yeah, we are seeing not only newbies but also maybe most of us cannot do those all very well, except we are professional traders.

And if we are a daytrade, of course, trading will also spend much of our time and energy. We always know how a daytrade makes us lack sleep at night. 

Risk management in short because money handling,emotion,decision making is part of it and when you are aware and does know on how to make things in position then most likely you would really succeed into your trading career.Its not a guarantee but high chances you would able to reach out.

Everything does involved investment does really require consistent attention and concentration so that you would really be on track and you do know on what you are doing.

Jumping into this venture without having these considerations is just pure gambling.So you should really be mindful with these factors no matter what.

[Shasha80]

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle. 

When it comes to short-term trading, it is necessary to do so, but in my view of trading I prefer to do it in the medium and long term, I have found that peace of mind in trading is the best thing to have.

The need for focus and concentration mainly applies to short-term trading but not so much for long-term. This is one of the reason why some people buy in and leave their coins for years before they come back to it.

This strategy works well for top 5 cryptos with a long-term of 1yr+ because their overall trend is likely to go up, but the picture becomes more complicated when considering other alts that are not the top coins.

Therefore short-term trading is only for people who really make trading their main job, because I admit it requires more time and attention.
So for me, who really makes trading as a side job, very difficult to divide the time if I have to do short-term trading. In the end I did choose
long-term trading, which I only check the market in my spare time, but have to be careful choosing coins for long-term trading. Because not
all coins are good for long-term trading, this requires good research and analysis in order to be able to choose which coins are suitable for
long-term trading. I usually choose coins that are among the top 10 rankings on coinmarketcap for long-term trading.

[cryptolord2077]

In general, yes, but it all depends on your style and which candlesticks you are trading.
In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.

[CryptopreneurBrainboss]

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle. 

Trading has different stages and until you reach the final stages which then your experience becomes a major factor behind your success, you haven't mastered the act of trading. Anyone can get lucky with their first trades so don't think because you got them right that you have mastered the act of trading. This kind of thought is want drives newbie into taking decision that are far beyond them like increase their risk side just because they had few trades correct.

It can be very frustrating at first when you want to become a trader, after few successful trades it'll feel like trading isn't for you as all you do will seems to not be working. Others would be profiting but when you try yours, you'll come out not successful. You don't have to quit, just need revisit your drawing board, probably taking some few weeks off the market might help.

Go back to learning, instead of quiting. If you do pass that very first frustrating stages then everything will begin to fall into place. Trading needs practice and consistency, discipline as well. All these helps to keep you focused.

[Distinctin]

In general, yes, but it all depends on your style and which candlesticks you are trading.
In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.

If you just rely on the bot to work on your behalf, you are actually making yourself out of trading. Being hands-on in this field makes our minds work together and could create good ideas/strategies. Time and focus are needed and a must thing to do, but it doesn't mean that we have to spend all day in trading as it was just like you are killing yourselves and it was not a healthy practice. I dare not to do this as it was not only the reason why we become successful in trading. 

[oHnK]

In general, yes, but it all depends on your style and which candlesticks you are trading.
In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.

If you just rely on the bot to work on your behalf, you are actually making yourself out of trading. Being hands-on in this field makes our minds work together and could create good ideas/strategies. Time and focus are needed and a must thing to do, but it doesn't mean that we have to spend all day in trading as it was just like you are killing yourselves and it was not a healthy practice. I dare not to do this as it was not only the reason why we become successful in trading.  

I need more knowledge about trading, many of people here said that if we choose for trading we dont have to spend all day with monitor the candlestickcls but we can use the bot for helping our job. Can you help me to find sources referency to learn about trading more? Is the bot really help us and we can trade easier than before. Because first time I entered the crypto market, I have spent much times just for waiting the right time to sell and buy everyday.

[pawanjain]

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle. 

That sentence just hit me hard. It actually makes sense. With time and practice comes experience.
We have to practice trading regularly and not lose hope when we lose money. As you said consistency is the key.
Even I have started to learn to trade and practice it regularly. Yes, I do lose money but sometimes I do make profits.
I hope at some point the amount of losing money will decrease and the profits will increase.