The three pillars of trading

[seramania]

risk management is the beginning for determining where our trading will go. where it is combined with good skills will definitely work well. but the most important thing now is that risk management must be properly executed and arranged as well as possible in order to minimize losses even though it is only under 1%

[aylabadia05]

Yes. For me technical/fundamental skills come first. Technical/fundamental skills will determine success or failure in trading. These technical skills are related to basic knowledge that must be mastered so that we can manage the risks that will be encountered in trading.

[FrozenBit]

Theory and based on personal opinion are not universally applicable and if we continue to impose it we will only see the stereotype. Basically, the goals are different, as well as the ability to reach the market, and no one will admit that their way is perfect. Personally, I feel that the key to effective trading is when you are ready for this market.

[BuNga_cute]

Yes. For me technical/fundamental skills come first. Technical/fundamental skills will determine success or failure in trading. These technical skills are related to basic knowledge that must be mastered so that we can manage the risks that will be encountered in trading.

I agree technical and fundamental analysis skills are very important in trading, but what knowledge about how crypto works that we must first learn.
If we don't know how crypto works, it will be difficult to understand how to analyze price movements in the market. This means that before deciding
to trade at least we know the basic knowledge about the crypto world, so don't trade in something we don't understand.

[Bonenx14]

The three pillars that must exist in trading, one of the three pillars you mention does not exist, so it is not perfect. That's roughly what I think.
Technical skills come first in trading because we really have to know what coin or token is a good opportunity for us to trade.

Try to mention the three pillars here so that everyone can know them well,
because I believe in this forum there are very many people who trade actively every day, so at least you can help them in this.

[michellee]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Trading is not just those three pillars because you need to have experience. If you have good skills, money/risk management, and trading psychology but do not have much trading experience, you can have a difficult time analyzing and selecting the right coin. But I think there are other things that we need to trade that we do not know as trading is not as simple as we think and it is not easy to be a good trader from time to time. If you are willing to learn more about trading, I am sure you will find the other things you need to have in trading.

[wajik-tempe]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Nothing is more important than each other, those 3 things are a must have for a traders moreover for a trader who live their live from trading or as a full time traders.
I will add one more thing to become a great trader is a courage, to be a successfull trader, a trader must have a courage to take a big decision but with a full calculation behind it. Because sometimes there will be a time that we are faced with a high risk decision that we have to take.

[$anounimus$]

risk management is the beginning for determining where our trading will go. where it is combined with good skills will definitely work well. but the most important thing now is that risk management must be properly executed and arranged as well as possible in order to minimize losses even though it is only under 1%

Whatever the job, management must exist, for example in trading, both for the long term and for the short term, what is clear is that management arrangements must always exist, and skills always coexist with management because without skills, everyone will not be able to manage risk management.

[Nasuhalugu]

Knowing about coins that have potential and understanding market conditions, it falls into the category of fundamental skills. Risk management is definitely about opportunities and threats. Therefore, in trading, basic skills are needed to be able to properly manage risk management. When we know the potential coin and market conditions, it will make it easier for us to trade.

[Wakate]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

We can't do without this pillars of trading you have mentioned which is necessary for one to gain maximum result in trading. They'll work hand to hand to better one's trading arsenal. But if you really want to know the most important one among the three, then I'll go for Trading Psychology which I believe could constitutes everything that one need in trading. Do not forget that we can't do without the three when it comes to having and effective result and being a pro in the trading world.

[aylabadia05]

Yes. For me technical/fundamental skills come first. Technical/fundamental skills will determine success or failure in trading. These technical skills are related to basic knowledge that must be mastered so that we can manage the risks that will be encountered in trading.

I agree technical and fundamental analysis skills are very important in trading, but what knowledge about how crypto works that we must first learn.
If we don't know how crypto works, it will be difficult to understand how to analyze price movements in the market. This means that before deciding
to trade at least we know the basic knowledge about the crypto world, so don't trade in something we don't understand.

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

[darahjuang]

The most important thing is basic knowledge around crypto trading. When there is no basic knowledge how to manage the risk management that we will face in trading. These two things are very important and interrelated with each other. There is no benefit if you have a lot of capital while basic trading skills are not there.

[bluebit25]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Those are the factors that are theoretically so, but when trading you will hardly be able to manipulate them flexibly. And there will be no factor that is the most important because if something is missing, I believe your trading will be difficult to achieve.

[beerlover]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

I would say that those three are definitely correct but adding "studying/learning" is very important as well and it never really stops as well so it is a very important pillar of it. Could you put it into "technical/fundamental skills" if you want to? You could, but studying and learning is not just learning skills neither, there are more stuff to learn then just how to trade as well.

So, I would say that if you are not student of trading then you will end up losing money. This is also true for 10-20 year veterans in stock market, even warren buffet keeps studying to get better and he is one of the richest person in the world while being 90+ years old as well. So all in all I would say that there is a good chance this is the fourth pillar but probably the most important one because anyone who stops learning will stop earning at the same time.

[Lanatsa]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

Don't forget about;

•Emotion handling

Asking on which one is the most important? I could say that all of them are important and its not really that ideal that you should focus only one aspect because having these multiple
qualities could really help you out to sustain this market.

You do need to learn up those qualities or things so that you would able to sustain yourself into this unpredictable venture that not everyone could simply engage on.

[sana54210]

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

If I make a trading parable, it's almost the same as a person who sells in a traditional market, where bargaining always happens and there is always an increase and decrease in demand, that's how I make an analogy so I can understand it better when I'm trading.

I do the same but my example is always a hectic cat. Cats could ignore you, live like they own the house and never even check what you are doing, eat their food, do their business and scratch if you ever want to pet them, but the same cats could come to you, want you to pet them, want you to feed them, want attention, sit on your lap, sit on your computer so you pet them, basically suddenly become very needy. Same pet, same cat, but depending on their mood they are very different animals.

Market is the same, it could crash to 30k tomorrow and I wouldn't be shocked about it, it has done it before and it could have that type of crash yet again, or the same bitcoin could break ATH as well, and I wouldn't be shocked about that neither, think about it, I am so used to volatility that anything between 30k and 65k is definitely normal for me, just like how cats are.

[Golftech]

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

If I make a trading parable, it's almost the same as a person who sells in a traditional market, where bargaining always happens and there is always an increase and decrease in demand, that's how I make an analogy so I can understand it better when I'm trading.

Same concepts indeed, you have to deal with your understanding to when to buy and to when to sell your asset.

There are influenced that affects the whole market that you needed to consider and like how OP provide the 3 pillars
you need to make sure that handling each information do help you with your trading business.

better anticipation and good control with your emotions.

[BuNga_cute]

Yes. For me technical/fundamental skills come first. Technical/fundamental skills will determine success or failure in trading. These technical skills are related to basic knowledge that must be mastered so that we can manage the risks that will be encountered in trading.

I agree technical and fundamental analysis skills are very important in trading, but what knowledge about how crypto works that we must first learn.
If we don't know how crypto works, it will be difficult to understand how to analyze price movements in the market. This means that before deciding
to trade at least we know the basic knowledge about the crypto world, so don't trade in something we don't understand.

Yes, right. Trading activity in crypto if we see and learn is almost the same as trading the stock exchange. At least the first trading activity we have understood about the coins that are in a good trend in the market. Then the opportunities that exist on the coins.
It is absolutely impossible to get success if knowledge of trading is not known.

That's why it's important that we learn everything about the crypto world, don't be in a hurry to make a profit from trading. But the reality is that
today there are a lot of newbies without knowledge and experience who dare to trade crypto using large capital. They think trading is just buying
coins at low prices and selling them at high prices. In fact, trading is quite complicated and it takes patience to become a successful trader.
The conclusion is that knowledge is the most important thing in trading, so don't ever be lazy to learn first. If we already have knowledge, we can
trade well and profit will come.