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Author Topic: 2years of trading!  (Read 525 times)
Mahanton
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March 31, 2023, 09:32:59 PM
 #21

i was started trading 2 years ago, and i learned so many things and written some rules and tips that i learned after every trade,
i thought it is helpful to many of other traders, and also so many good quotes are there, read one quotes think understand move to other quote, and follow.
here : https://drive.google.com/file/d/1OsNMJRRp-3qmZA81BuGJyHsCwKsOunWr/view
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .

When it comes to theories and methods or other information could really be surfed out on the internet.If you are really that planning to have a new skills or something in related with trading then its not really that bad or could consume up too much time if we do speak about information which you would be needing to read up. 2 years or more or lesser, then it would vary on how someone would be able to fastly learn on how trading works and how
to deal up with an unpredictable market.It is really not that something simple that you could be able to bare up with and most people are really that rushing up and this is why they do
commit out mistakes very often.

R


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March 31, 2023, 09:44:20 PM
 #22

I agree that in trading you need the discipline to succeed. Because that's where the control gets from and you'll be able to make yourself on the right path and you won't be emotional with your trades.
As you're a disciplined trader, you're not greedy and you won't be easily moved based on how the market states.
Too many traders are losing because they're not disciplined, they may be experienced but lack discipline that makes them par with the newbie traders considering that they were experienced already.
Trading can be very tempting at times especially if you see you are winning with your strategy, but if you become more greedy then losing that profit is more possible to happen. You have to be more wise with your trades, don’t force yourself to trade if you are still not familiar about it. 2 years of experience is already enough for you to understand trading but if you are still losing money, then something is wrong with your practice, better to review it.
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March 31, 2023, 09:49:46 PM
 #23

Trading is not about reading of books or hypothesis of other traders but you have to be there and done that yourself. Some writers of trading books or journals are not traders or are fall out traders who don't have the courage to continue in losses because they are confused and can rely on their failure to begin to profit outside trading by writing journals on it. Trading is practical, no matter what you have read on trading, be prepared to make your mistakes and move from it by giving yourself time to correct it.
Sometimes in trading beginners needs to get to know what other people have experienced in their trading journey,  it will definitely help somehow. In every aspect of life you can't do without the story or experienced of others, though their may be inexperienced traders out their that knows nothing about trading or give wrong information about trading but this doesn’t mean beginners shouldn't listen or read articles of traders that has been in the system. Every beginners needs to do more research on what they read or watch from experienced traders to be sure if the information is vital or not.

R


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March 31, 2023, 10:46:27 PM
 #24

I agree that in trading you need the discipline to succeed. Because that's where the control gets from and you'll be able to make yourself on the right path and you won't be emotional with your trades.
As you're a disciplined trader, you're not greedy and you won't be easily moved based on how the market states.
Too many traders are losing because they're not disciplined, they may be experienced but lack discipline that makes them par with the newbie traders considering that they were experienced already.
Trading can be very tempting at times especially if you see you are winning with your strategy, but if you become more greedy then losing that profit is more possible to happen. You have to be more wise with your trades, don’t force yourself to trade if you are still not familiar about it. 2 years of experience is already enough for you to understand trading but if you are still losing money, then something is wrong with your practice, better to review it.
It's a mistake of many that when we're comfortable and think that we're doing a great job and results with our trades, that's making us forget the sole purpose of why we trade and that's to make some profits. That's being ignored and we're letting our emotions feed what we shall do next and that's to take more trades while we can. Even if it's good enough to call it a day, still we push until the unexpected comes that our profits are being taken back by the market and that's the mess that we don't want to happen but we can't stop ourselves from doing it. Sometimes a knock on the head is gonna make us remember what we're up to and what we need to do to become wiser the second time around.

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March 31, 2023, 11:11:04 PM
 #25


Good for you that you truly learned within 2 years of trading.

The fact that you are able to point out what's the best thing to do and you are able to apply it to yourself, means you put some seriousness in learning trades.

Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.

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Obari
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March 31, 2023, 11:23:04 PM
 #26

Trading had been a very lucrative business but yet a very risky one and I always tell people to see trading as a job rather than a vet rich quick scheme especially people trading with relatively very low capital.
Just like robot, it should be discipline over win rates when when being conscious of your win rates because discipline is one key that helps great traders test most of their strategies and I've seen some new traders who easily get panic over some loss and then sudden change their strategies without been patient or disciplined.
I just want to add some few advice to traders especially to the new one;
~ every win is a win and should be celebrated rather than being so greedy and wanting to make all the profits in a single trade.
~ no matter how bad the losses might be, never chase after losses as this singular act never ends well and always ends up in account blowing.
~ always know when to take a break and never trade with emotions.

Good luck on your trading journey and there is a saying that until it is withdrawn, it isn't your money, so always take some money after the days trading.

 
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April 01, 2023, 05:43:40 AM
 #27


Good for you that you truly learned within 2 years of trading.

The fact that you are able to point out what's the best thing to do and you are able to apply it to yourself, means you put some seriousness in learning trades.

Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.
Learning is important because it aides development in the market. Learning never ends, even the top traders still read complex PDFs concerning their field inother to grab lessons about the market. 2 years of trading is a good point to start earning massive profits from the market because there's absolutely nothing to be scared of. Newbies do experience significant losses either from their greed or entering with wrong positions. I'm not certain because it's just a process that newbies have 50/50 chances to either make profits on their first trade.



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April 01, 2023, 06:47:18 AM
 #28

Reading is the best way to gain knowledge on anything trading inclusive, but as far as I know, there is more to what makes up for a successful trader than reading and discipline as you mentioned, just like most other comments have suggested.
The success of a trader depend on the amount of money he has to continue trading with when the odds are against him because we learn the most lesson while at a loss and the ability to continue is what makes us a successful trader, winning is the goal of every trader but to make that winning happen we must first put in some efforts to develop a few skills that will minimize ours loses and maximize the winning.

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April 01, 2023, 09:55:25 AM
 #29

(....)
Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.
I don't agree here. Only newbies that are careless and irresponsible will do this. I am even not agreeing about "learn from your mistakes" where you can do better before you make those mistakes. So, for me, it will always be to do prevention first.
Trading is not a joke and it involves money.

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April 01, 2023, 10:14:46 AM
 #30

Trading is not about reading of books or hypothesis of other traders but you have to be there and done that yourself. Some writers of trading books or journals are not traders or are fall out traders who don't have the courage to continue in losses because they are confused and can rely on their failure to begin to profit outside trading by writing journals on it. Trading is practical, no matter what you have read on trading, be prepared to make your mistakes and move from it by giving yourself time to correct it.
Yes, it was not just all about reading books but guess what, there is no difference between watching youtube and online tutorials. It is important we know some important things and ideas before we start trading and it only we got this stuff from having those resources. Read them and apply them in actual trading - I believe it works for sure. Of course, it won't be as perfect as we think but it will improve along the way as we gain more experience and market understanding. Perhaps, learning can't be don't instantly but it takes time.
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April 01, 2023, 12:32:01 PM
 #31

Good for you that you truly learned within 2 years of trading.

The fact that you are able to point out what's the best thing to do and you are able to apply it to yourself, means you put some seriousness in learning trades.

Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.
2 years was a long time so if a person is eager to learn (he makes research and practice) they will surely master trading within this time frame. Most newbies were actually lazy. They can skip the learning process but have the guts to try the actual thing which was to do a trade but they can still gain an experience with it. If they sick and tired of losing, they can now take things seriously and go back on the basic part which was to learn.

I check the first post and I see that the OP shares a lot of quotes and also recommends some trading books. This was unique because usually, most trading tips that I see here are about analysis, indicators and the likes but we must not underestimate what the OP have gave. If it works great for him then maybe it can also do the same for us.

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April 01, 2023, 06:59:39 PM
 #32

In fact, I did not finish reading all the words, many here are skeptical about links that may include downloading things, so it is better to quote part of the text here.

The advice is good, but without practical training, it will not benefit the user, as the user will link the advice to its importance after it occurs, such as not leaving your money in a central platform, he will not understand its importance unless he actually feels that his money in that platform is in danger, and therefore setting examples will help a lot.
Reading some trading books will not be sufficient enough, as you need more trading training rather than focusing on reading different books related to trading. It’s still different to experience what is like to trade when you’re in a real trading scenario so you will be exposed about the reality of what is trading all about and how can you be profitable in it. And with your experienced losses, that will motivate you to learn and improve more your trading skills, and start maximizing from profiting.
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April 01, 2023, 07:31:42 PM
 #33

I just book marked these quotes. There are some important advice in there. But it's obvious that we learn new things every day, but how much do we remember, and how much do we really apply while we are doing our works?
I believe that what we learn by ourselves will remain with us till the end. And it is true because if you learn anything from someone else, that doesn't stay with you for a long time.
And one thing that comes before everything is having control over your emotions. If you can do this, then most of the quotes that you mentioned will become easy. Because they all are just little parts of a big iceberg.
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April 01, 2023, 09:35:12 PM
Last edit: April 01, 2023, 09:45:30 PM by TimeTeller
 #34

In fact, I did not finish reading all the words, many here are skeptical about links that may include downloading things, so it is better to quote part of the text here.

The advice is good, but without practical training, it will not benefit the user, as the user will link the advice to its importance after it occurs, such as not leaving your money in a central platform, he will not understand its importance unless he actually feels that his money in that platform is in danger, and therefore setting examples will help a lot.
Reading some trading books will not be sufficient enough, as you need more trading training rather than focusing on reading different books related to trading. It’s still different to experience what is like to trade when you’re in a real trading scenario so you will be exposed about the reality of what is trading all about and how can you be profitable in it. And with your experienced losses, that will motivate you to learn and improve more your trading skills, and start maximizing from profiting.

Reading can definitely help you, but actual trading will give you more experience to use in your trading journey.
You can read all the books but if you are not trying it on your own actual trading, that would be useless.
Remember, you are in crypto. Each project has their own features. So one major strategy from your previous coin won't be applicable to the new one.
The more experience you will acquire, the more you will become adept in crypto trading, as one look, and you know where the coin is heading to.
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April 01, 2023, 09:43:11 PM
 #35

i was started trading 2 years ago, and i learned so many things and written some rules and tips that i learned after every trade,
i thought it is helpful to many of other traders, and also so many good quotes are there, read one quotes think understand move to other quote, and follow.
here : https://drive.google.com/file/d/1OsNMJRRp-3qmZA81BuGJyHsCwKsOunWr/view
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .

Reading will help a lot in trading as you will acquire a lot of knowledge but how about the skills to trade? Certainly, traders need to be exposed and experience what is trading and the realities behind it, so we need to do actual trades so we will know what to do and expect when trading. With enough trading knowledge and experiences, you can always lessen the risk in trading and avoid much losses as well.
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April 01, 2023, 09:50:54 PM
 #36

Trading is not about reading of books or hypothesis of other traders but you have to be there and done that yourself. Some writers of trading books or journals are not traders or are fall out traders who don't have the courage to continue in losses because they are confused and can rely on their failure to begin to profit outside trading by writing journals on it. Trading is practical, no matter what you have read on trading, be prepared to make your mistakes and move from it by giving yourself time to correct it.

The OP is not saying that we only read books about trading and do not practically do the trading. Of course, he means that we may read books, learn about trading, and then also practically do the trading, as it is the experience that may make us perfect trader.
Trading is also a mind game where you need to control your emotions and have proper money management. You may not win all the trades but you need to be disciplined in all the trades. Only this way you will be able to survive in this financial market which is made to snatch money from you.

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April 01, 2023, 09:57:10 PM
 #37

Trading takes time, and those who have more patience can have a good profit in their trading journey.
Trading makes me more challenged, I lose more but I've learned a lot already, I'm far from perfect but day after day, I'm learning.
Imaging 2 years of trading and having that sweet success after all the suffering and sacrifices, that could be a great moment to experience. To those who are still trading and finding their best strategy, just keep going and don't give up because you are a step closer than anybody else.
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April 02, 2023, 11:07:17 AM
 #38

In fact, I did not finish reading all the words, many here are skeptical about links that may include downloading things, so it is better to quote part of the text here.

The advice is good, but without practical training, it will not benefit the user, as the user will link the advice to its importance after it occurs, such as not leaving your money in a central platform, he will not understand its importance unless he actually feels that his money in that platform is in danger, and therefore setting examples will help a lot.
In fact, reading can take most of our time that’s why most traders did not bother to read a lot of books but spend their time watching trading videos using demo account. I think that is way better than just mere reading. But of course, we also need to read to gain knowledge before entering trading but practical training is way  more important because it will enhance our passion in trading and hone our skills and strategies. That way, you will understand that trading is really hard but with sufficient knowledge and skills, you will lessen its risk and may still trade successfully at the end of the day.

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April 02, 2023, 12:09:40 PM
 #39

...Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.

So most beginners do this, first they lose their money, and then they start learning. For some reason, it is believed that you can trade without having special knowledge for this. For this reason, newcomers come to the crypto market who want to assert themselves by earning a million quickly.

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April 02, 2023, 12:34:52 PM
 #40

Trading takes time, and those who have more patience can have a good profit in their trading journey.
Trading makes me more challenged, I lose more but I've learned a lot already, I'm far from perfect but day after day, I'm learning.
Imaging 2 years of trading and having that sweet success after all the suffering and sacrifices, that could be a great moment to experience. To those who are still trading and finding their best strategy, just keep going and don't give up because you are a step closer than anybody else.
1-year trading experience is enough to tell ourselves if we are really suitable for trading or if a place is not for us.
We lose and we earn a profit - this is real life in trading but our experience helps us a lot to learn more and become knowledgeable. The more we understand trading, the more chances we succeed and this is actually happening to OP and with you, and those traders who are never afraid to risk their money and are able to work hard in developing skills.

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