rozak
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November 01, 2022, 01:49:23 AM |
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I always like to research before trading or opening any position. To improve trading results we must choose the perfect coin for trading and have knowledge about risk management.
the ability to choose trading assets that sometimes makes it difficult for many traders. especially for those who trade daily. The research done is of course important, but for beginners sometimes trading will always focus on certain coins that they already understand how their market will move. developing our trade, of course, takes time. this we will not get instantaneously when we read or view trading videos. experience is crucial. so develop skills first gradually. no need to rush to trade with large nominal.
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StanCrypt
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November 01, 2022, 04:55:53 PM |
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To improve my trading results I will - Trade more instruments once I have tested and proven trading strategy - Increasing position size and then add another strategy. Because trade is all about making money and one of the most asked questions is "How can I make more money from trading " which the answer lies in improving your strategies.
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Bull Horn
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November 01, 2022, 05:06:31 PM |
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I agree with you to built through small wins. Never stick to your plan if you are doing leverage trading and open it for long term. Always add demo trading to your learning process. Never risk more than 1% of portfolio un till you understand the psychology of market. Most important thing to improve trading result, after completing learning and practicing process, more and more work required for mental strength as well as emotional control (fear, greed, etc). Focus on brain relaxing exercise.
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Zanab247
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November 01, 2022, 05:09:52 PM |
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I always like to research before trading or opening any position. To improve trading results we must choose the perfect coin for trading and have knowledge about risk management.
Yes, choosing a perfect coin in the market, it will really help you to have a good confident in trading because it is difficult for perfect coin not to pump in the right time for both long term investors and short term investors not to earn well . If you invest in Bitcoin in this bear season that is making many investors to buy and hold until the price move higher before they can sell to make a good profits, which it can also help you to improve your trading results in the future when the price increase higher in the market.
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Franctoshi
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November 01, 2022, 06:48:01 PM |
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In order to improve your trading results you need to study the market behavior , that is study the behavior of the of particular crypto or coin your trading. Be a specialist in one or two cryptos, this one very secret you use to improve your trading results, for example when I'm I pay so much attention on BTC ,ETH and BNB because this are the cryptos I have studied their behavior.
To diversify your crypto portfolio is good but to see consistent good trading results you need pay attention to one or two coins only and trade them.
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Altryist
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November 01, 2022, 07:30:19 PM |
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In order to improve your trading results you need to study the market behavior , that is study the behavior of the of particular crypto or coin your trading. Be a specialist in one or two cryptos, this one very secret you use to improve your trading results, for example when I'm I pay so much attention on BTC ,ETH and BNB because this are the cryptos I have studied their behavior.
To diversify your crypto portfolio is good but to see consistent good trading results you need pay attention to one or two coins only and trade them.
This is good advice, don't try analyze of many coins at the same time, because it will take too much of your time and still not give the expected result. Just a few thoroughly studied coins that you constantly analyze will bring a better result than monitoring the entire market. And of course, an important rule should be the withdrawal of profits received from trading every week, or every few weeks, depending on how successful the trading was.
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blockman
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November 01, 2022, 10:54:02 PM |
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Great write up OP, just to add on what's in the OP.... Traders need not to always trade each time a chart is opened as doing so will lead to over trading and expose you to unnecessary losses.
Secondly, they say practice makes perfect and its from this we need to back test our strategy so that we become masters of the art of trading.
People think that we have to trade at all times just to have good in trading. It doesn't go like that, you have to gain experience but it doesn't mean that you have to do it at most times. There are many traders that only trade sometimes but if they do, they're mostly at profits because they know what they must do and it's not just a trade that will earn them pennies. I agree but disagree at the same time. You shouldn't trade just for trading’s sake, that would be a wrong move and you will lose money. However, if you are trading because you think that you found a coin that is undervalued and it will go up soon enough, that would be a good situation to be in. I do not believe that we are going to end up with 40k+ soon for example, so there is no need to trade for me. The best thing to do would be long term investment. However, if I ever see a coin that could go up in the next week then I will trade it, buy some and wait for it to jump up. So I agree that do not trade all the time, but trade based on if you think you will profit. Well, we're trading for sure and one reason and because we've been thinking the same that we have to trade so that we'll earn and profit from that decision. But what you're saying is all about investing, you buy and wait until it's gone up. Finding for some undervalued coin today and selling it in the near future for profits is also trading but more of an investing principle but if that's going to make you improve your trades and way of dealing this market, that's good and that's what everyone should follow to see if it's also effective for them.
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GeorgeJohn
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November 01, 2022, 11:01:25 PM |
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In order to improve your trading results you need to study the market behavior , that is study the behavior of the of particular crypto or coin your trading. Be a specialist in one or two cryptos, this one very secret you use to improve your trading results, for example when I'm I pay so much attention on BTC ,ETH and BNB because this are the cryptos I have studied their behavior.
To diversify your crypto portfolio is good but to see consistent good trading results you need pay attention to one or two coins only and trade them.
You are absolutely right from my perception, because your ability of examine different coins without focusing or paying attention in one coin will make you to know the rudiments of the coin you wish to trade on, secondly, before you succeeds in trading you most make a consistent research of those coins you want to trade on, because their is no adequate examination or observation of the coin you want to trade with, their is every tendency that the trade might have end up with Lost, so i want use this medium to recapitulate that it's good study the coin of choice perfectly before engaging into trading to avoid lose.
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awik p
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November 02, 2022, 03:11:47 AM |
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In order to improve your trading results you need to study the market behavior , that is study the behavior of the of particular crypto or coin your trading. Be a specialist in one or two cryptos, this one very secret you use to improve your trading results, for example when I'm I pay so much attention on BTC ,ETH and BNB because this are the cryptos I have studied their behavior.
To diversify your crypto portfolio is good but to see consistent good trading results you need pay attention to one or two coins only and trade them.
You are absolutely right from my perception, because your ability of examine different coins without focusing or paying attention in one coin will make you to know the rudiments of the coin you wish to trade on, secondly, before you succeeds in trading you most make a consistent research of those coins you want to trade on, because their is no adequate examination or observation of the coin you want to trade with, their is every tendency that the trade might have end up with Lost, so i want use this medium to recapitulate that it's good study the coin of choice perfectly before engaging into trading to avoid lose. to get good trading results indeed by making it simple our thinking will focus more on analyzing it. by choosing one or two coins to trade, we will always focus more on thinking about the movement of the coin, in contrast to us thinking about many coins to trade, of course it will complicate our minds and eventually become chaotic. Indeed, from trading results, you can't make big profits at once, but small profits that are always repeated and eventually become big, and we have to realize that
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Asiska02
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November 02, 2022, 12:58:44 PM |
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- Increase the size of trades slowly if your account grows
This is among the most crucial elements in improving as a trader and increasing your market earnings. Due to greed, risk aversion, faulty counsel, or all three, many traders fail to comprehend this. It will be difficult to stand out among other traders in the market if one falls into any of these categories. Extending and increasing the trade shouldn't be a difficulty if one has adequate and thorough market understanding. However, some people also question what they've learned in the market thus far, which has a significant impact here.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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cozytrade
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November 02, 2022, 04:50:49 PM |
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It is not that hard. If you are following one strategy, could you be consistent with it? Could you tweak it as long as you didn't find your desired results? If yes, then you can improve yourself to the next level. Sometimes people follow a strategy, and if it doesn't work a few times, they abandon it. Every strategy can work. You need to find the right way to use it.
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Lanatsa
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November 02, 2022, 06:50:09 PM |
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It is not that hard. If you are following one strategy, could you be consistent with it? Could you tweak it as long as you didn't find your desired results? If yes, then you can improve yourself to the next level. Sometimes people follow a strategy, and if it doesn't work a few times, they abandon it. Every strategy can work. You need to find the right way to use it.
Following one strategy? I would be saying that you are wasting your time.Certain strategies does fits out on certain price movement or situation which it would be sensible that you would be needing to switch up strategies which would suit out on particular condition although it wont really be that precise but at least you have the idea on what you are doing rather than making yourself stick on one strategy which wont really be that ideal on certain conditions which as a trader then you should really be versatile on different conditions which is a must thing. How to improve? Make yourself that learn on whatever things you do encounter along the way.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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jaberwock
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November 02, 2022, 07:23:06 PM |
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- Increase the size of trades slowly if your account grows
This is among the most crucial elements in improving as a trader and increasing your market earnings. Due to greed, risk aversion, faulty counsel, or all three, many traders fail to comprehend this. It will be difficult to stand out among other traders in the market if one falls into any of these categories. Extending and increasing the trade shouldn't be a difficulty if one has adequate and thorough market understanding. However, some people also question what they've learned in the market thus far, which has a significant impact here. That is true, people start with all they have right away, but that is the most wrong method they could possibly do and that will result with a quick big loss and could even maybe cause them to be scared of crypto trading completely and never come back. If you want to start, start with a tiny amount, something that you wouldn't care if you lose, and that way if you lose instead of leaving completely you would be able to just focus on what you could do. I am not saying that it is going to be that easy, but it would be a lot smarter if you could lose small instead of big, then it will get easier and easier for you to make a profit with time and you could start putting more in.
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Silberman
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November 03, 2022, 02:14:15 AM |
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In order to improve your trading results you need to study the market behavior , that is study the behavior of the of particular crypto or coin your trading. Be a specialist in one or two cryptos, this one very secret you use to improve your trading results, for example when I'm I pay so much attention on BTC ,ETH and BNB because this are the cryptos I have studied their behavior.
To diversify your crypto portfolio is good but to see consistent good trading results you need pay attention to one or two coins only and trade them.
You are absolutely right from my perception, because your ability of examine different coins without focusing or paying attention in one coin will make you to know the rudiments of the coin you wish to trade on, secondly, before you succeeds in trading you most make a consistent research of those coins you want to trade on, because their is no adequate examination or observation of the coin you want to trade with, their is every tendency that the trade might have end up with Lost, so i want use this medium to recapitulate that it's good study the coin of choice perfectly before engaging into trading to avoid lose. to get good trading results indeed by making it simple our thinking will focus more on analyzing it. by choosing one or two coins to trade, we will always focus more on thinking about the movement of the coin, in contrast to us thinking about many coins to trade, of course it will complicate our minds and eventually become chaotic. Indeed, from trading results, you can't make big profits at once, but small profits that are always repeated and eventually become big, and we have to realize that People have the mistaken idea that traders are people which spend their time looking at 20 different assets, taking split second decisions and making huge profits in this way, but that is not the way things work, the traders which become successful concentrate in just a few assets, not only this simplifies and reduces their workload, this strategy allows them to more easily understand all the nuances of the markets they are trading, allowing them to get more profits in the process.
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maydna
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November 03, 2022, 04:38:02 AM |
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It is not that hard. If you are following one strategy, could you be consistent with it? Could you tweak it as long as you didn't find your desired results? If yes, then you can improve yourself to the next level. Sometimes people follow a strategy, and if it doesn't work a few times, they abandon it. Every strategy can work. You need to find the right way to use it.
Using strategies is difficult to change circumstances for profit, so every trader needs to have many strategies that the strategi can be used based on the conditions that occur in the market. What they need to have is good analytical skills so they can find gaps to enter the market and buy at the right time. This requires continuous experience and learning, and it takes time. Maybe you can use one strategy in certain circumstances, but at other times, that strategy will not work anymore because of market price fluctuations that occur every day.
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Ziskinberg
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November 03, 2022, 12:49:23 PM |
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It is not that hard. If you are following one strategy, could you be consistent with it? Could you tweak it as long as you didn't find your desired results? If yes, then you can improve yourself to the next level. Sometimes people follow a strategy, and if it doesn't work a few times, they abandon it. Every strategy can work. You need to find the right way to use it.
Using strategies is difficult to change circumstances for profit, so every trader needs to have many strategies that the strategi can be used based on the conditions that occur in the market. What they need to have is good analytical skills so they can find gaps to enter the market and buy at the right time. This requires continuous experience and learning, and it takes time. Maybe you can use one strategy in certain circumstances, but at other times, that strategy will not work anymore because of market price fluctuations that occur every day. Having a lot of strategies packed up, we also have many options which one is likely applicable depending on the market condition. 2-3 strategies might be good enough but I suggest not just focusing on building and creating strategies but rather building and enhancing our knowledge and skill as this will also influence the results of our trades. Because you can't appreciate how good is our strategy if we also lack of knowledge and experience.
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cozytrade
Sr. Member
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Activity: 1166
Merit: 310
Vave.com - Crypto Casino
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November 03, 2022, 01:06:01 PM |
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It is not that hard. If you are following one strategy, could you be consistent with it? Could you tweak it as long as you didn't find your desired results? If yes, then you can improve yourself to the next level. Sometimes people follow a strategy, and if it doesn't work a few times, they abandon it. Every strategy can work. You need to find the right way to use it.
Using strategies is difficult to change circumstances for profit, so every trader needs to have many strategies that the strategi can be used based on the conditions that occur in the market. What they need to have is good analytical skills so they can find gaps to enter the market and buy at the right time. This requires continuous experience and learning, and it takes time. Maybe you can use one strategy in certain circumstances, but at other times, that strategy will not work anymore because of market price fluctuations that occur every day. Having a lot of strategies packed up, we also have many options which one is likely applicable depending on the market condition. 2-3 strategies might be good enough but I suggest not just focusing on building and creating strategies but rather building and enhancing our knowledge and skill as this will also influence the results of our trades. Because you can't appreciate how good is our strategy if we also lack of knowledge and experience. Experience and knowledge require time and consistency. It will build up over time. Those two are also needed for developing a strategy. Most of us do not focus on having patience. We do panic in certain conditions and do not apply our strategy. Patience is another vital role if we want long-term success from trading cryptocurrency. All these points are valid for all sort of trading.
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Ararbermas
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November 03, 2022, 03:02:33 PM |
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Create your trading plan, work on it and stick to your plan - Achieving consistency and disciplineIt is fascinating to see it start to pay off once you patiently work on it! And I wanted to share some of the rules I strictly followed here. It might help other traders and might add some value to the community here: - Systemizing the learning process
- Thinking on effective ways of learning.
- Build through small wins, not the biggest, but where's the easiest money for me to test and implement what I have learned
- I learned that I mostly lost profits and even ended up with losses for being too greedy for more profits and deviating from my trading plan.
- Set your take profit, and stop loss along with the right position sizing. Have a clear plan for what you want to achieve. (To learn how to set up your stop losses and effective position sizing, you can find it here.)
- Don't let emotional elements affect your trading decision and harm your long-term profitability. (Automated trading helped me greatly with this and also with my trading discipline)
- Set a risk limit for each trade, but also for a day/week/month.
- Determine the right position size and start small
- Increase the size of trades slowly if your account grows
- Lower size or switch back to paper trading if your account doesn’t.
source: this is really helpful to be honest, i mean it will gonna guide you until you become a good trader.. Actually making journal as well is a big thing because you can literally sees your mistakes and fix it immediately to have a good profits after all by looking on it. Just be specific what your putting on your journal so that no worries if you face a bad situation. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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dunfida
Legendary
Offline
Activity: 3192
Merit: 1149
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November 03, 2022, 07:39:16 PM |
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It is not that hard. If you are following one strategy, could you be consistent with it? Could you tweak it as long as you didn't find your desired results? If yes, then you can improve yourself to the next level. Sometimes people follow a strategy, and if it doesn't work a few times, they abandon it. Every strategy can work. You need to find the right way to use it.
Using strategies is difficult to change circumstances for profit, so every trader needs to have many strategies that the strategi can be used based on the conditions that occur in the market. What they need to have is good analytical skills so they can find gaps to enter the market and buy at the right time. This requires continuous experience and learning, and it takes time. Maybe you can use one strategy in certain circumstances, but at other times, that strategy will not work anymore because of market price fluctuations that occur every day. Having a lot of strategies packed up, we also have many options which one is likely applicable depending on the market condition. 2-3 strategies might be good enough but I suggest not just focusing on building and creating strategies but rather building and enhancing our knowledge and skill as this will also influence the results of our trades. Because you can't appreciate how good is our strategy if we also lack of knowledge and experience. Experience and knowledge require time and consistency. It will build up over time. Those two are also needed for developing a strategy. Most of us do not focus on having patience. We do panic in certain conditions and do not apply our strategy. Patience is another vital role if we want long-term success from trading cryptocurrency. All these points are valid for all sort of trading. Some people doesnt really have that kind of patience which is something crucial when it comes on dealing with trading which it would really be that needed for you to be patient for you in order to know all sorts of things when it comes to experience and learning accumulation which cant really be done on a short period of time.Improving your trading would be basically be depending on you on how you would really be making out adjustments whenever you do experience difficulties. Be versatile and be adaptive on such conditions and you would eventually able to apply out on your future trades into those things that you had encountered before.
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Captain Corporate
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 03, 2022, 11:03:37 PM |
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Thats literally me. I never had the patience to be a great trader and that is why I became a long term investor. Not that I do not know how to trade, I am trading a bit at the current time and thats fine, the results are not horrible, but long term investment is a lot easier and I do not have to really care. Don't get me wrong, long term investment requires a lot more patience, but it also doesn't require you to be doing anything, while in trading you may wait 3 hours or max 3 days or something but then you have to do something whereas in investment you could literally forget that you bought something and come back 3 years later and have a huge profit. A lot easier option for me.
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