trading needs consistent attention and full concentration

[Lakai01]

Need to consider trading as a serious and professional platform where one has to constantly update oneself.

It definitely is, yes. You only need to look at the computer setup of professional traders like @philakonecrypto:


Source

Especially with intra-day trades it is often a matter of seconds when the trend turns, so the faster you notice the trading opportunity, the higher the chance that you can successfully use it.

[Alisha-k]

A good trader is a consistent reader. You can't succeed in trading without consistency in reading. Trading is like every other occupation that requires practice and consistency just that in trading you deal with monetary equivalent either crypto or forex and has such emotions must play out so its wiser to have proper knowledge and skills which would require consistent updating.

[nelson4lov]

A good trader is a consistent reader. You can't succeed in trading without consistency in reading. Trading is like every other occupation that requires practice and consistency just that in trading you deal with monetary equivalent either crypto or forex and has such emotions must play out so its wiser to have proper knowledge and skills which would require consistent updating.

To be successful at any endeavour, constant practice and time devotion is essential to become a master of the trade. Even the best traders I know in the crypto space are constantly learning and adapting. Any trader who isn't ready to learn and adapt won't last long. This is a problem I've noticed with most new and beginning traders. You won't get very far if you only learn and don't practice it on a regular basis. As someone who has tried trading and programming (I'm a comp. Science major), Its clear that every skill not just trading needs constant learning and practice to strive and survive. Enough said.

[carlfebz2]

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. 

Not only trading but in all things in life you are engage on would really be needing that consistency and concentration for you to succeed because if you do just wander around without any designated goal or something
then you arent doing things seriously.

Specially on trading where you do deal up with moving price so you would really be needing that attention and concentration or else you would really be lost on track.

Dealing with volatile market isnt something that anyone could handle off this is why these behavior or factors is really needed.

[Vaculin]

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 becomes highly profitable if you know how to do it. As I can say that trading is not just about learning the basics but it requires a high level of market knowledge. It gonna be continuous development and that it takes time before we finally reach where we can say that we becoming pro traders. But if we don't take this seriously, we can't also expect good results. It should have a sort of focus and dedication in order to success.

[Cherylstar86]

When you're into this type of income generating ways in trading, attention and concentration was just a matter of desire. If you don't have that, I guess trading wouldn't become productive because for me that's a career which involves skills and knowledge. Every successful trader undergone several challenges, however they're able to handle everything despite of struggles.

[Hypnosis00]

When you're into this type of income generating ways in trading, attention and concentration was just a matter of desire. If you don't have that, I guess trading wouldn't become productive because for me that's a career which involves skills and knowledge. Every successful trader undergone several challenges, however they're able to handle everything despite of struggles.

It is an absolute loss on our side. And this is common to happen for those who just jump on the market without a single knowledge about trading and they only have is capital to start. This a big mistake and found to be regretting and we can never expect that this person could generate profit but just losing their money instantly.

As we know that there is no joke in trading, it involves money and that's it needs serious attention and it is fully equipped with knowledge and skill if we want to make a profit out of trading.

[GreatArkansas]

In my opinion trading requires very high patience because I see when trading many of them are easily influenced by the bad news, whereas if you are not affected you will make a lot of profit, whereas if you are easily influenced it will be difficult to make a profit. so in my opinion when trading you should be able to choose coins carefully so that your patience can make a profit.

Patience without consistency and concentration is useless. OP is right, the title of this thread says it all.
Consistency is one of the major problems of newbies, especially those people who started to trade and after few trades, they stopped and after a few days/weeks, they trade again and stop again, with no consistency.
Especially they stop when they already lost, then very huge possibility that you will not get your loss back if you stop.

[roosbit]

considering the fact that trading is highly profitable and responds majorly to knowledge and skills

Not only is it profitable, it is highly risky which is why knowledge is the key to this industry and requires some patience because successful traders don't trade everyday, you need to scan for high probability trading setups.

i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss.

Tbh trading is too demanding it needs you  to keep your head into the game such that if you lose or win you remain composed to avoid going against the trading plan.

In my opinion trading requires very high patience

Patience very important and that's one thing you learn the Hard way because your mentors, trading coaches don't tell you,experience teaches you this lesson.

[Ararbermas]

In my opinion trading requires very high patience because I see when trading many of them are easily influenced by the bad news, whereas if you are not affected you will make a lot of profit, whereas if you are easily influenced it will be difficult to make a profit. so in my opinion when trading you should be able to choose coins carefully so that your patience can make a profit.

if you have enough knowledge and you know how to control your emotions when trading probably you will not get affected on what negative news occurred in the space, because what i know of being a good trader you should know what are the most important information to prevent such issue, if not and you will just rely on your skills then it's like you put your self in the middle of a war without any weapon.. So be smart enough and don't make the things rush when it comes trading because this isn't easy task wherein you can fix all the bad situations without doing anything.

[TastyChillySauce00]

Ofcourse it is, the fact that you acknowledges that trading could be really profitable could also means that trading could cause a big loss as well, remember that the profit or losses we score depends on ourselves and market decision.
People should know that trading which are short term  usually requires dedication like a fulltime job to make profit.

[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.

Well said, the reason many traders aren't succeeding at their trade is because they're yet to understand what they're getting themselves into. Some traders hardly give the market any attention talk more of concentration. Which is why the bear always exposed the fraud they're. They basically just speculate on the market without any analysis and because it was the bull market, they come out successful and you'll mistake them to be traders.

Like others source of income that shouldn't be taken for granted so is trading, you have to keep out time to learn more and perfect your already existing knowledge on trading. If you don't do so you'll be left in the pasts and still be using outdated techniques to try tackling the market which will most likely keep you losing.

Strategy are to be updated as the market matures, if the strategy you used few years ago aren't bringing in the profits anymore then you have to update yours. Practice is what makes you perfect and if you want to become a professional traders then you have to keep practicing constantly and sooner or later trading will become a part of you.

[bittraffic]

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.

There are indicators for this like the RSI which in different time frames like in daily chart if you trade in this timeframe you will see the RSI pointed which is high and low.



Circled in green is the highest point and the lowest point. if it doesn't reach that point, you can just sit back and wait. But then this is a daily chart, going over to the weekly chart is where you can see indicators are reacting differently.

[awik p]

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.

many people find it easy to make a profit from trading, but can they last long in the trading world? I think most will lose. with a feeling of pride, then they unconsciously initiate threats to make mistakes. and many of them run out of capital because they just made a mistake, without a stop loss, they feel the price will return soon, but in the end it turns to ash

[RealMalatesta]

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.  

Being a trader is not easy, that’s why you will see a lot of people losing their money. You have to give it a lot of attention and you also have to be ready to learn all the time. By learning you will understand what works and what doesn’t. You have to understand the market that you’re into before you will start seeing success in it.

It’s just like some that would complain that technical analysis isn’t working for them in the market of cryptocurrency. They are forgetting that it is not just about technical analysis, you also have to consider other things that happens in the market, and you have to add fundamental analysis to it. So being a successful trader takes a lot of hard work.

[isaac_clarke22]

~....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.

[Quidat]

~....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.

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.

[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.

[Fatunad]

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.

[LUCKMCFLY]

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.

My technique is the following, I place an order where there is stop loss and take profit, I just have to wait to see what happens, and so I don't have to be stuck to the PC.

In my beginnings I always operated without detaching myself from the PC but that did not give me time in my daily life to do anything, just wait and see the PC, and that is not healthy either, I think that trading should be seen as a business, at least I have. learned from the books and advice of the great masters of trading, such as Wyckoff, Livermore, among others.