trading needs consistent attention and full concentration

[Mpamaegbu]

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.  

Well, beyond distraction and all that (they must surely come), the major thing needed to succeed in trading is "skill set". Why a lot of momentary winning traders fail is because they become over confident in their winnings and then neglect their trading plans. Trading is a profession and should be treated with utmost discipline and respect, with constant training and retraining the way doctors and engineers do. Twerking and realignment are vital aspects of winning when it comes to trading. Without which it will be almost like making a gambling on trades.

[Maslate]

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.

That only happens when we fully change our mindset and think that continuous working on our market knowledge and enhancing skills will have positive results. We shouldn't be confident that we already know the basics but instead go beyond that level of understanding as this will place a big role in our trades. Because as we are motivated and seriously consider trading is a passive source of income, the more we are encouraged to work hard and help ourselves to become better.

[Johnyz]

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.  

Well, beyond distraction and all that (they must surely come), the major thing needed to succeed in trading is "skill set". Why a lot of momentary winning traders fail is because they become over confident in their winnings and then neglect their trading plans. Trading is a profession and should be treated with utmost discipline and respect, with constant training and retraining the way doctors and engineers do. Twerking and realignment are vital aspects of winning when it comes to trading. Without which it will be almost like making a gambling on trades.

Spending much time in trading is not worth it if you still have limited knowledge so I believe, you must set your skills and strategies first before you do trading because this is not an easy buy and sell, it needs a lot of strategies and patience and don't expect that on your every trade, you'll make money because even a professional trader lose some of their money. The most important here is you achieve your goal at the end of the day, and there's always a next time if you lose your trade today, just be consistent and stay committed.

[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.

That only happens when we fully change our mindset and think that continuous working on our market knowledge and enhancing skills will have positive results. We shouldn't be confident that we already know the basics but instead go beyond that level of understanding as this will place a big role in our trades. Because as we are motivated and seriously consider trading is a passive source of income, the more we are encouraged to work hard and help ourselves to become better.

Confidence is built automatically with time but what many do is they become over confident about themselves which leads them to losses.
Losses are a part of trading. We can't keep making profits every time. But having proper money management and risk management could help us in decreasing the losses.
We need strong will and determination to be able to work continuously towards achieving our goal.
Mastering trading and that too in the crypto community is not a piece of cake. Many have failed miserably and I am sure that only the professionals survive in the long run.

[Silberman]

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.

All in all if those people quit before suffering massive losses it is not so bad, we must remember that not everyone can be good at everything so there is going to be stuff for which you have some natural talent, obviously you still need to work hard in order to develop those talents, but there are other activities in which you have no natural ability and that goes against your natural tendencies and trading is exactly like that for the majority of people, so I do not see that this is as bad as it may seem at first.

[Cling18]

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 the trading learning process and lifestyle. 

We should be mentally and emotionally prepared when we enter the world of crypto trading because, to be honest, it needs focus and emotional control since the market is volatile. It could make our emotions go like a roller coaster ride so we should know how to deal with the market. Setting a certain goal would be a big help so we'll know when to stop and when to continue.

[Ryker1]

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 the trading learning process and lifestyle. 

We should be mentally and emotionally prepared when we enter the world of crypto trading because, to be honest, it needs focus and emotional control since the market is volatile. It could make our emotions go like a roller coaster ride so we should know how to deal with the market. Setting a certain goal would be a big help so we'll know when to stop and when to continue.

Well, this is what we called ^{[day trading]} which is I really hate to watch the market over 24 hours just to gain profit and take the opportunity while the market has a great opportunity in making a profit. The best thing here is if you are a full-time trader you should have an automated trading tool that can make it easier to execute buy and sell at the perfect time without worrying and watching the price on the river. When you have this tool, there is no need for you to worry about consistently watching the market.

[Yatsan]

It is indeed right. In any kinds of work whether it is trading or not, consistency and putting full attention is a must have. Talking about trading, it is really needed for a trader to be consistent despite of the fact that we are working on a highly volatile market, consistency of a trader in a sense that he must remain consistent of learning and trying out new strategies that is appropriate of different situation for the fact that there is no standard way on dealing with the volatile market so continuous learning is a must have. Full concentration is also a need because if you are not totally aware, you might miss out important details and opportunities that will be offered by different market situations.

[Sterbens]

Actually, according to what I have learned, that in trading the main thing in learning to master all situations and reading the direction of movement is to instill a love for crypto first. because after all learning on the basis of compulsion just to increase the amount of money from $10 to $50, will be very difficult. But if you cultivate a sense of love and curiosity, then whatever time it takes will not be too serious a problem.

And most of the beginners who come, have a low level of patience, they want to catch up.

[semobo]

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 like your example of comparing becoming a trader with a school life, exactly that's how we can become a trader no matter how much knowledge we have about trading because experience makes us more perfect and the real life lessons will teach you things a lot better.

Full concentration doesn't mean 24/7, you can work in the time you want but this is a Market that never sleeps so make sure you are prepared to minimize the losses which can save your past and future profits.

[Kong Hey Pakboy]

That's why this isn't for everyone since not everyone have a good time allowance to do because some have other side hustles besides trading but I don't think that it has to be consistent all throughout because once you get a grip and feel of what to do in trading, you will be able to know what to do and you don't have to be on it all the time.

[ninkdwi]

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.

You are absolutely right, and when we are only able to beholders then that is a choice that must be made. Don't force day trading without having adequate knowledge in the field of TA, because that's the same as singing about what has been issued as capital. Does not guarantee anything if you do not have mature knowledge. Then don't occasionally trade daily just follow influencers every day without having a firm grip. Remember the portion of Influencer with small daily traders, is not the same.

[fullhdpixel]

All in all if those people quit before suffering massive losses it is not so bad, we must remember that not everyone can be good at everything so there is going to be stuff for which you have some natural talent, obviously you still need to work hard in order to develop those talents, but there are other activities in which you have no natural ability and that goes against your natural tendencies and trading is exactly like that for the majority of people, so I do not see that this is as bad as it may seem at first.

This is true plus not everyone in the crypto world is a trader as well, we have to remember that. I personally am a person who works for crypto, I do normal content work and earn crypto, meanwhile I also invest into crypto, very long term investment that requires absolutely nothing from me, just buy and hold for as long as possible, and lastly I do small time trading, remove trading and not a big part of my life changes and I am still in crypto world nearly 12 hours a day.

This is why I think it is obvious that traders who are "not serious about trading" are not people who get out of crypto completely, I know plenty of people in the crypto world who are not interested in trading it, so we could say that crypto can accept all kinds of people from all over the world doing whatever they want to do with it. This is why I am quite happy with the way things are for me, and I understand those who stop trading after a quick while as well.

[blockman]

That's why this isn't for everyone since not everyone have a good time allowance to do because some have other side hustles besides trading but I don't think that it has to be consistent all throughout because once you get a grip and feel of what to do in trading, you will be able to know what to do and you don't have to be on it all the time.

Trading isn't solely for everyone because it's only for those people who are willing to take risks and are patient with the market. You don't think that it hasn't to be consistent? if that's what you think then you shouldn't be trading because trading needs consistency in every trade that you do. Because if you don't have that, you're just wasting your time and you don't have a keen plan as you trade because it's very important to have a clear plan as you trade.

[el kaka22]

This is exactly why I am not trading. I am a very busy person, I work nearly 12 hours a day (I have to say I take breaks longer than a normal worker, probably can finish it in 8 if I worked with less breaks but I want to make a quality work so I give breaks in the middle) and sleep 8 hours a day, that means I already have only 4 hours a day for myself, which is usually at night, from around 11 pm to 3 am I am all to myself and have nothing to do.

To become a trader, I would have to spend that period to get better and keep checking stuff and constantly trading, which I will not be doing at all, I rather spend that time to relax and enjoy life because I am going to live only once so I rather not throw all of that away at trading, that 4 hours is the only part of my life that I can consider myself actually living, which is very precious to me.

[imstillthebest]

highly profitable ?
 i think that depend to the person doing trade if he is skillfull he can do the right thing like chosing the right coin for trading , not letting his emotion overcome him and others but some can perform better in investing and other busines and not in trading .
 tho your right that if we are in trading , we need to foccus in it but it was not bad to have a day off to do things that makes us entertained . we need them to unwind and perform much better when we comeback in our business

[tvplus006]

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.

We are not yet at the stage of evolution when machines can replace people. Accordingly, the trading bot will not be able to evaluate projects and invest in promising coins instead of you, but it can perform a certain amount of your work. In any case, if you are engaged in day trading, you should be ready to make timely decisions around the clock.

[Zilon]

Consistency is key to any profitable result. Trading comes with lots of market behaviors and it only takes a consistent trading to master a handful of this numerous market behaviors. A trader might take a trade from a good entry point but fear would make him close just too early due to retracement. Knowledge is lubricant that brings out the best of every trade but consistency improves on the knowledge

[LUCKMCFLY]

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.

Human beings cannot really compete against this type of tool, since normally these bots tend to act in a few seconds and guarantee a net profit. I have always looked for information about high frequency trading, but I see that there is very little information about it, I imagine that many whales do have these types of tools.
In the Stock Market, there has already been high frequency trading for many years, but it has remained very quiet, however, you cannot cover the sun with a finger, if it has already been in the Stock Market for years in the BTC market too.

[Golftech]

Consistency is key to any profitable result. Trading comes with lots of market behaviors and it only takes a consistent trading to master a handful of this numerous behaviors. A trader might take a trade from a good entry point but fear would make him close just too early due to retracement. Knowledge is lubricant that brings out the best of every trade but consistency improves on the knowledge

Experiecing the actual market in a continous ways makes you assess and anticipate much closely,

the market have different behaviors as you said and there's no questions with that especially with

high volatility, it's difficult but with your ability to adopt in the long process you may  succeed.