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Author Topic: trading needs consistent attention and full concentration  (Read 957 times)
doctor877 (OP)
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July 18, 2021, 10:21:05 PM
 #1

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. 
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July 18, 2021, 11:50:58 PM
 #2

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. 

Indeed, that school is within our personal drive towards trading because it can't be done without a capital. If you don't have enough starting capital to use as an entry of a desired coins you're planning to trade with, we can't earn bigger profit. As a good start, make use of the extra saving you had and don't let that money just sit without growing. Studying in trading should need guidance from expert, so seeking mentorship from a companionship is my best advice.
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July 18, 2021, 11:59:21 PM
 #3

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. 
Experience is the key which basically talks about on how you gonna sustain yourself in trading and this would be in involvement with real experience and trades which would really be involving lots of trials and errors.

Consistency and patience is also a main factor on where people do should mind of because you wont learn nothing if you wont experience it for yourself.Get focused and concentrate on what you've been doing.

You should survive out.

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July 19, 2021, 12:56:04 AM
 #4

Well basically having a basic sense of discipline is very necessary, tenacity in responding to a process that has occurred is very necessary, the point is to be able to get used to daily activities consistently and don't forget a strong sense of intention as well as optimism that is able to motivate yourself to succeed. That way, digging deeper insights and knowledge related to trading, will be more motivated and able to master.
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July 19, 2021, 02:20:15 AM
 #5

In fact , trading profits are not easy to obtain. Focusing on trading is conducive to making practical judgments and adjustments to the market and trends at all times. This is a good habit.

However, I would like to remind you that sometimes too much focus on the disk will make you lose your judgment on a large cycle trend. Keep trying in the world of trading until you find a trading method that suits you.
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July 19, 2021, 04:49:30 AM
 #6

right, a trader is like going to school, where we must always learn with the market and not be complacent. because the market can easily stalk our psychology when we feel great. therefore staying alert, sticking to the rules, and always being calm are the characteristics of a good trader, they will remain calm even though profit / loss befalls them

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July 19, 2021, 05:27:39 AM
 #7

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. 
And I wouldn't blame them for that. Controlling emotions and understanding the concept of which trading is both losing and winning takes time to actually take in. A LOT of time imo. I'd actually not compare it with school imo, since the results are quite dependent both on how you take knowledge in and how the school gives you knowledge. Trading is more of a self travel kind of thing. You can meet a few guys here and there in the travel but in the end, it's mostly up to you on how to actually do stuff.

Just don't be discouraged and let nature take its course, you shouldn't have much problem then.

R


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July 19, 2021, 08:49:18 AM
 #8

It is highly profitable when you also got higher capital. It's misleading to the newbies to say that there's much profit in trading, yes, that's a fact but it's all words until they've tried it on their own.

That's why when a newbie who's not in depth on trading and tries it out, they lose which is expected but they're having a false hope that upon doing it, they'll make that much money.
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July 19, 2021, 09:28:32 AM
 #9


You don't always win in trading even with your full concentration particularly in crypto because even if you are good in technical analysis the fundamental news will affect the market. Some of us said that because of the Bitcoin adoption the market isn't very risky but the truth is that it is still affected with just a simple fud and then your position in the market comes trembling.

When you say full concentration, you have to eat, drink and sleep with all the bitcoin news to be profitable. I say just do the swing traders do, you position when the price is at the lowest point and hold and then sell when the price is at its peak. By this, you don't have to put all your concentration.


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July 19, 2021, 09:56:47 AM
 #10

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. 
Mostly newbie traders are emotional, so most likely they are carried away specially if they see huge margin profit in the beginning. But make no mistakes about it, trading is a journey and you won't always win. Those who stay in the game and learn from this mistakes will possibly succeed. But there are a lot of factors to consider, capital for example is one of the most important. That's why there are whales in this game and most likely they are going to profit bigger than average joe.
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July 19, 2021, 10:03:12 AM
 #11

I say just do the swing traders do, you position when the price is at the lowest point and hold and then sell when the price is at its peak. By this, you don't have to put all your concentration.

How do you know which point is the highest and lowest point?
The highest and lowest points are summed up after the fact.
It is difficult for people to judge when trading.
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July 19, 2021, 10:30:19 AM
 #12


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 is just the way life is. The the things you need to do in life to achieve your goals and they are
1. Consistent
2.Patient
3.Good passion
4. Looking and working on little details

These above three are important to our lives as living life itself is trade so we need them. Someone who is not patient who always quit at a little challenge. No trading strategy is perfect because all of them have their errors but being able to work it out takes being consistent, good passion and identifying the errors which are the little details.
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July 19, 2021, 12:16:12 PM
 #13

Depends on your trading plan and trading time some of the people having their trading plan because this serves as a guide to the traders if you don't have a plan you cannot make a trade because once you lose your path it's too hard for you to make decisions.

Trading time is the most important thing you need to consider when you are in the market or not this serves as a good strategy to win when the market is active once it happens you need to make more conscious because of active volatility.

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July 19, 2021, 12:42:27 PM
 #14

Trading needs focus and concentration besides knowledge and skills. Traders can not feel satisfied with what they achieve because they need to adjust their skills every day. After all, the market also changes up and down. That is why they need to learn without stopping to improve their skills and learn more lessons from many good sources. Maybe we can not always make a profit, but we need to keep trying because we need to become pro traders and succeed. Enjoy the process of trading while you learn and you will see that you will get a good result in the future.



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July 19, 2021, 01:45:57 PM
 #15

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. 
Some people took trading as a full time job thus they wouldn't treat with it levity they  traded with most seriousness and gave it attention, of course I don't expect any experienced trader to risk their hard earned money deposited in a broker or exchange and play around with trading knowing that a lot of skills and knowledge must be implemented to guarantee consistent profit earning else such a trader portfolio will get rekt within the shortest period of time unfortunately this is mostly common to newbie traders who without acquiring all the necessary skills jumped into trading with a mindset of making huge profits in a bid to becoming rick quickly.

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July 19, 2021, 02:51:11 PM
 #16

Depends on your trading plan and trading time some of the people having their trading plan because this serves as a guide to the traders if you don't have a plan you cannot make a trade because once you lose your path it's too hard for you to make decisions.

Trading time is the most important thing you need to consider when you are in the market or not this serves as a good strategy to win when the market is active once it happens you need to make more conscious because of active volatility.
We can guarantee when will the time the prices is good to trade. The market is too volatile and prices moves too fast or low. Having time to do charting and studying the possible effects of the price increases and dump can help but being able to monitor thoroughly in any time of the day will be much better especially if we are a day trader.

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July 19, 2021, 04:01:01 PM
 #17

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's true! If you want to earn bigger profit in trading, you should learn both technical and fundamental analysis, put a lot of time and focus, and of course a huge capital. The amount of profit is base on your capital and on how you do trading. Be a good learner to be a good and successful trader.

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July 19, 2021, 04:23:34 PM
 #18

And I wouldn't blame them for that. Controlling emotions and understanding the concept of which trading is both losing and winning takes time to actually take in. A LOT of time imo.
Controlling emotion is very difficult when you are in open positions, use leverages, especially if you are trading with big capital and with loan capital.

Vital advice, always use your own money to trade or invest. Loan will cause pressure of loan repayment and loan interests as well. When you have unstable emotion and are under pressure of loan repayment, you might make bad decisions. Consequently, loses will knock your doors.

Instead of trading, let's buy, dca and hodl!

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July 19, 2021, 04:37:33 PM
 #19

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.



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ReiMomo
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July 19, 2021, 05:25:35 PM
 #20

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. 

Right. Need to consider trading as a serious and professional platform where one has to constantly update oneself. As like, one is responsible and dedicated towards his/her career, trading should be taken in seriously. Better to even spend a percentage of amount to learn techniques, graphs moments and etc which is the key of trading.

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