Getting more skills in trading

[Questat]

As you continue to move forward, it's impossible that you won't learn unless you are not really interested in what you are doing. Newbies don't have to literally learn all the notes they will encounter but learning the basics should do. During their progress, other things will be automatically learned on the way.

Experience is the best teacher. The more we do the actual trading, the more chance we become knowledgeable and really improve our skills and mental development ( that it talks about decision-making)

Like in any other activity we do, as long as we are serious to learn something, we will get used to doing it.

We need to spend time and focus on how to learn trades. No shortcuts.

And I believe this thing...
Everything should be in the process. Learning the basics, Doing actual trading, learning from mistakes, improving skills, and soon...until we reach our goal.

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[livingfree]

We all have different ways of trading but time and knowledge is best teacher.

Time through experience worst and the best with trading.

It's true that those factors that have been said by OP really are going to help to become better. I've been seeing candlestick analysis as well as Fibonacci.

You choose where you're comfortable because these strategies are guides and they really are effective if you get to master them or at least tried for so many times.

[Xampeuu]

We all have different ways of trading but time and knowledge is best teacher.

Time through experience worst and the best with trading.

It's true that those factors that have been said by OP really are going to help to become better. I've been seeing candlestick analysis as well as Fibonacci.

You choose where you're comfortable because these strategies are guides and they really are effective if you get to master them or at least tried for so many times.

experience is the best teacher, as well as trading, any good theory is useless if we lose in trading practice. therefore indeed in trading we have to try it many times, so that we get a lot of experience and evaluate it, by itself we will get what we are looking for. this is the same as demo trading and real trading, where during demo trading it may be easy for us to make a profit with the strategy we use, but it will be a different story after we switch to real trading, and after trying of course we will know the cause

[Fakhrulenclix]

there are so many theories for trading, but that's not all, as we read, there are some things that must be done to be able to apply the theory of trading skills that we have learned.
Doing hard and consistent work every day to practice the theory of trading skills that we have learned from any source is something that must be done and maintained if you want to continue trading. and all that is learned will sometimes be eclipsed by the experience of the trading experience you do.

[sulendra12]

~snipped~
I like to update this post as I learn more... thanks

Those are really good to learn but it takes time to learn whole of that aspects and you maybe have little time to learn all of that. Once you learn one aspect you will find something that you are not familiar about and that makes you learn more as you find something new everytime you learn some skills on trading. Keep in mind that you have to practice it with your real money, otherwise your skills worth nothing.

[lixer]

Those are just startup topics and not getting more skills? You can get more skills by trading since you would understand it well and you can make different strategies based from actual trades. I see some users for example they learn what is trend line and all the time they are forcing things that would fit a trend line and ended up losing their trade.

I think those list of yours is a good startup to understand the theory behind that topic and that is not exactly what will happen in actual trade and only through actual trading you'll understand and gain skills in trading.

It was the experience, that you will get the more you do trading but along with that, your skills will also build up because you will know some things i.e if what can affect your trade, you will create different strategies and etc.. there are things that are not fit in a single strategy, no wonder why some can lose because they keep forcing it.

I don't know if they already knew that it was not possible or not. They should not be afraid and limit their selves on one strategy because there are lots of strategies out there. It can be true that what we see is not always what we get but at least we have an idea if what to expect. It can still help us somehow.

[Findingnemo]

Practice makes a man perfect that suits well for trading as well so more you are doing the more skills you can gather. Also you can try different strategies and find your own, if you are simply copying someone's don't expect it to give huge profits for you because no one is going to expose a billion dollar secret.

[el kaka22]

experience is an important part of cryptocurrency trading but even at that do not underestimate the importance of learning cryptocurrency trading before looking for gaining experiences. You don’t just create an account on exchange and start trading without having a clue of what you are even doing. You wouldn’t even know how to put a call or put option.

So, you have to gain the knowledge first and know all these things before you start your trading, and then you already have it in mind what you are about to do. And with experience you will get to better whatever knowledge that you have gotten from your training. Experience is the practical part of what you have been taught.

People need to realize that the road to success is paved with pain and mistakes. You can't become a great trader by just being one, people are not born as great traders or terrible traders. You become one, and in order to become one you need to learn and do better. This is why I believe that it is quite important for people to understand they need to spend a lot of time at this.

You do not become a great software developer overnight, you do not become a great accountant overnight, and just the same you do not become a great trader overnight neither. Yes, the difference is that you may risk so much of your money into it, but that doesn't change the result.

[kamilah147]

if you use a simple way to know when we should buy and when we should sell, I think you have to be loyal to watch the market movement. the market will always change, when the market goes down you must dare to determine the support line on the chart, with reference to the previous market chart. It will help you in a simple way to trade.

[Oceat]

if you use a simple way to know when we should buy and when we should sell, I think you have to be loyal to watch the market movement. the market will always change, when the market goes down you must dare to determine the support line on the chart, with reference to the previous market chart. It will help you in a simple way to trade.

Watching the market when to change all day is a stressful thing to do and that is not so simple as you think. What the OP need is an experience and knowledge to all of what he listed. Though, OP seems to not be that active in engaging and exchanging topic with the rest of us so if someone find this topic it's not that useful to them. They rather do their own research or find a good source of information and luckily we have the beginner's and help board where important topics about Bitcoin that was aim to educate the newbies.

[Fatunad]

if you use a simple way to know when we should buy and when we should sell, I think you have to be loyal to watch the market movement. the market will always change, when the market goes down you must dare to determine the support line on the chart, with reference to the previous market chart. It will help you in a simple way to trade.

Watching the market when to change all day is a stressful thing to do and that is not so simple as you think. What the OP need is an experience and knowledge to all of what he listed. Though, OP seems to not be that active in engaging and exchanging topic with the rest of us so if someone find this topic it's not that useful to them. They rather do their own research or find a good source of information and luckily we have the beginner's and help board where important topics about Bitcoin that was aim to educate the newbies.

Its a matter of personal kind of effort and understanding on what are the things should be done realistically and wont really be relying that much with others but rather discover
it for yourself which is a must thing but its not bad to snip out some ideas for your benefit but of course dont expect or anticipate that much to be effective because to mind off
that we are just all speculators on here which means that every analysis and speculation would be all totally random whether it works or not.

[Benefactor]

Then, at that point, you can learn assuming you do the experience, which is a reason for upgrading hypothetical information, and exchanging implies losing, and along these lines you should focus on the mental perspectives. Rehearsing likewise implies you need to manage feelings which you don't insight on the off chance that you simply watch YouTube exchanging instructional exercises.

[livingfree]

We all have different ways of trading but time and knowledge is best teacher.

Time through experience worst and the best with trading.

It's true that those factors that have been said by OP really are going to help to become better. I've been seeing candlestick analysis as well as Fibonacci.

You choose where you're comfortable because these strategies are guides and they really are effective if you get to master them or at least tried for so many times.

experience is the best teacher, as well as trading, any good theory is useless if we lose in trading practice. therefore indeed in trading we have to try it many times, so that we get a lot of experience and evaluate it, by itself we will get what we are looking for. this is the same as demo trading and real trading, where during demo trading it may be easy for us to make a profit with the strategy we use, but it will be a different story after we switch to real trading, and after trying of course we will know the cause

In trading, it's no doubt that experience will teach you a lot of things. If you're a frustrated trader and you're always experiencing the worst with your trades yet you're not giving up, there's a likelihood that you're going to be one of the most successful traders in the future.

Successful traders today aren't those type of traders that gave up easily. They were the ones that has the perseverance and have a not giving up attitude despite of being unsuccessful with their early years or months of trading.

It becomes handy when you apply what you've learned in your losses and then eventually formulating the strategies that suits you and your trading style.

[jostorres]

As you continue to move forward, it's impossible that you won't learn unless you are not really interested in what you are doing. Newbies don't have to literally learn all the notes they will encounter but learning the basics should do. During their progress, other things will be automatically learned on the way.

Like in any other activity we do, as long as we are serious to learn something, we will get used to doing it.

We need to spend time and focus on how to learn trades. No shortcuts.

Yeah you are correct. Everything about trading is not what anyone can learn in a day. The first thing is to learn the basics of trading and after you have learnt the basics, you can then go forward to start trading. So many other things are what you would need to acquire through the experience you are going to have in cryptocurrency trading as you have started.

So, it is not compulsory that anyone who wants to become a trader  will have to learn everything, that’s a really good point that you have made. One other important thing that newbies should know is how to also manage their capital.

[Rockstarguy]

The truth is that one can't get all the skills that are required in trading but learning more about trading is always important in trading . What I understand about trading is that the more consistent one is into to trading the more experience to know more things about trading, getting more skill is with time , it can't be achieved in a particular time.

[Mpamaegbu]

~snipped~

OP, we can only speculate on where price is headed and likely places to hop in or out but can't be too certain of it. Let me quickly reiterate that it's better to guage the market from the indicators that lead, rather than those which lag. Of all those indicators you've there, Pivot Point and Support & Resistance are the bomb. Concentrate and rely more on them to pick your trades.

What you need is hard work and looking at the things that you have mentioned you can achieve them if you have passion for trading

Working hard is a cliché. There's a paradigm shift now and we tend to see it as, "working smart". If it were by hard work, a lot of the top wealthy guys won't be counted in the scheme of things. Working hard is strength while the other is brain work.

[Oceat]

if you use a simple way to know when we should buy and when we should sell, I think you have to be loyal to watch the market movement. the market will always change, when the market goes down you must dare to determine the support line on the chart, with reference to the previous market chart. It will help you in a simple way to trade.

Watching the market when to change all day is a stressful thing to do and that is not so simple as you think. What the OP need is an experience and knowledge to all of what he listed. Though, OP seems to not be that active in engaging and exchanging topic with the rest of us so if someone find this topic it's not that useful to them. They rather do their own research or find a good source of information and luckily we have the beginner's and help board where important topics about Bitcoin that was aim to educate the newbies.

Its a matter of personal kind of effort and understanding on what are the things should be done realistically and wont really be relying that much with others but rather discover
it for yourself which is a must thing but its not bad to snip out some ideas for your benefit but of course dont expect or anticipate that much to be effective because to mind off
that we are just all speculators on here which means that every analysis and speculation would be all totally random whether it works or not.

To make this effective, someone should apply it to the market and learn what are the pros and cons when using different trading strategies. It might take some time but this will pay off your hard work when the future come and you might get surprised by what you are doing will be useful someday. Speculators with a good knowledge about the market is most likely going to make more profit than the rest of us.

Always try different techniques and strategies until you are certain and comfortable of what you are doing, although, this might take some time especially the money.

[Kelvinid]

It is good if @OP can learn many lessons from here but he needs to practice what he learned to have better skills and every day is good to practice his lesson. Maybe when the price starts to go down, you can start to observe closely so you will know when to buy and vice versa. It is not easy and it needs more experience and, of course, more practice to guess where the line will go. If you feel hard to analyze the market, maybe you need to take a break for a while and learn from the other lessons so when you come back to the market, you will have a chance to analyze better.

Learning trading and all of this stuff that OP had mentioned takes more time and working hard are not enough, it should also be accompanied by experience especially in developing market analysis and decision-making. He needs not to be working hard, it rather is working smart as well and also making himself understand the situation of being a newbie where he needs to be patient in learning them all.

[sana54210]

People need to realize that the road to success is paved with pain and mistakes. You can't become a great trader by just being one, people are not born as great traders or terrible traders. You become one, and in order to become one you need to learn and do better. This is why I believe that it is quite important for people to understand they need to spend a lot of time at this.

You do not become a great software developer overnight, you do not become a great accountant overnight, and just the same you do not become a great trader overnight neither. Yes, the difference is that you may risk so much of your money into it, but that doesn't change the result.

Unfortunately people are looking to make profit the quickest way possible. I do not know why, I mean it is obvious that you can't really get wealthy that quickly and there is no method that you could read that will make you rich that way. We all know that wealth is not easy and if it was that easy then everyone would have done it.

But, these newbies do not know that, and assume that crypto is a get rich quick scheme and they approach it that way. So, they put a lot of money into the most idiotic stuff and hope that it will do 100x and they will get rich and do that multiple times and get rich beyond measure. Which we all know won't happen.

[boyptc]

But, these newbies do not know that, and assume that crypto is a get rich quick scheme and they approach it that way. So, they put a lot of money into the most idiotic stuff and hope that it will do 100x and they will get rich and do that multiple times and get rich beyond measure. Which we all know won't happen.

This wrong belief will stick mostly to the newbies and will be passed onto the next generation of newbies.

When I was new, I've thought of the potential and trading is no different from doing in stocks and crypto. It's achievable but it takes time until you get to see the success that you formulate before doing.

Putting 100x in leverage while being a newbie is an actual gamblers attitude and whether they know or not what they do. I guess they're all aware of the consequence of doing it.