2years of trading!

[lixer]

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.

There are books for almost anything that exists in the world, but that doesn't mean that to do that thing, you will need to read a book about it and follow it. But, I will definitely say that you can get a whole bunch of useful knowledge and information from those books that you can use for a positive impact when you do that thing yourself.

Trading is of course more about knowledge and experience, and discipline, no doubt. But to get that knowledge, you will need to learn, and to become experienced, you will have to use that knowledge practically and see the outcomes. One can use demo accounts to test their knowledge before going into real trading just to be safe from unwanted losses.

[1714719692]

1714719692

[1714719692]

1714719692

[teosanru]

Good initiative for sure. I liked especially the quotes from various traders about the markets. I feel every trader should paste a few of these quotes on their desk so that they are always reminded to stay calm during situations of high pressure. Traders often end up making decisions hastily whenever they are stuck in such situations the key is to remain calm and avoid revenge trading or over-trading in such scenarios. Also, FOMO & FUD are obviously the two biggest enemies of any trader. Anyways eventually I started to think that it's better to create small scripts or algos using AI softwares to automate your trading to some extent. This sounds difficult but can be tried in some cases and best part is that even a non coder can do this.

[Peanutswar]

Experience is one of. the best teacher but if you didn't learn from this experience I guess there's something wrong with the things you are doing. I've been in the world of trading for over year's there are a lot of red days before profit comes my first three months are not a good run and it's really hit different but after that days you've been seen there's some improvement and taking step by step a good run.

[andriarto]

Good initiative for sure. I liked especially the quotes from various traders about the markets. I feel every trader should paste a few of these quotes on their desk so that they are always reminded to stay calm during situations of high pressure. Traders often end up making decisions hastily whenever they are stuck in such situations the key is to remain calm and avoid revenge trading or over-trading in such scenarios. Also, FOMO & FUD are obviously the two biggest enemies of any trader. Anyways eventually I started to think that it's better to create small scripts or algos using AI softwares to automate your trading to some extent. This sounds difficult but can be tried in some cases and best part is that even a non coder can do this.

right, basically we have to be able to control psychology, do trading when we are calm, so we can focus on the market. but often we feel worried when fomo or fud occurs, which is when we want to get big profits in a short time, even though the market doesn't allow for that, because we are already controlled by emotions that cannot be controlled. it's the same as if we are experiencing a loss while trading, then we often feel like we want to recover the loss immediately, even though our minds are still confused. and things like that are what we should avoid by continuing to practice so that we gain trading experience to control ourselves

[LastKiss]

~snip~
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 .

Discipline will help us in every matter, like when we study in school we need to discipline to achieve great results, discipline in the work to achieve a result that our co-work never had. In this case, having discipline in trading is one of the many things that traders should have besides knowledge, capital, etc. Without discipline we will easily feel greedy, and can't control our pattern/strategy when we trade. It's advised that we should have discipline from we're still kids so it will easy to bring our discipline to trading.

[Yamifoud]

Experience is one of. the best teacher but if you didn't learn from this experience I guess there's something wrong with the things you are doing. I've been in the world of trading for over year's there are a lot of red days before profit comes my first three months are not a good run and it's really hit different but after that days you've been seen there's some improvement and taking step by step a good run.

I definitely won't expect that they can manage themselves to stay long in trading if they never learn from their mistakes and from their experience. In fact, we know that it is a tool for us to improve and become successful. With that 2 years of experience as OP saying, I believe he encounters many difficult things and sufferings but as a person who has a positive mindset, quitting is barely to happen. For me OP, it was already an amazing journey and I was certain that with your experience, something to say that you are already a successful trader.

[Patrol69]

I don't know how much learning about trading can be gained through books but as far as I know trading platform is a medium of practical learning. Whereas to gain adequate understanding of trading must be done practically.

That means you don't know anything about trading but you trade according to one person's words and you followed exactly the same method that he followed but at the end of the day that person got success but you failed the main reason is that two people follow same words  to do Because that person learned about trading in his own way, if you try to follow the same path as that person, you are more likely to fail. Although it is difficult, you have to learn practically about trading on your own. Maybe in the beginning it will be very difficult for you but if you can learn with patience then you can also achieve success.

So I would like to say that it will be more useful to learn practically rather than reading books about trading.

[Distinctin]

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 .

I appreciate your intention to help most particularly for beginner traders. Yes, reading can do a lot in making your trading successful. But always know that reading alone is not good enough, practical application is what a trader needs the most. You can read all the books related to trading but that won’t guarantee trading success, but with enough experience and exposure in the real trading scenario, you will know eventually when to make your trades successful. As long as you are good enough in creating market analysis, and you know when to trade or not to trade, I guess it will lessen the chance of losing your trades and improve your chances of making yourself profitable.

[KingsDen]

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.

Do not try to undermine the power in reading books. A good l
reader would also make a good trader.
It does not necessarily mean that you will stop at reading and not try them practically, but when you read first book on
trading and begin to implement them in the practical world you will begin to understand what is actually happening in the market and your understanding of trade would broaden then losses would be minimised.

I know many people are scared of opening links, but I opened the link provided by the topic creator and the information there are  invaluable.
Alhough I was not able to finish it, but it it a good thing that can help a good trader to do well in the market.

[AmoreJaz]

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.

Do not try to undermine the power in reading books. A good l
reader would also make a good trader.
It does not necessarily mean that you will stop at reading and not try them practically, but when you read first book on
trading and begin to implement them in the practical world you will begin to understand what is actually happening in the market and your understanding of trade would broaden then losses would be minimised.

I know many people are scared of opening links, but I opened the link provided by the topic creator and the information there are  invaluable.
Alhough I was not able to finish it, but it it a good thing that can help a good trader to do well in the market.

reading is also good to back up your learnings in trading, particularly your technical know-how on this activity. but nothing beats the actual experience as most of the time, the strategies you learned won't be applicable in the actual scenario. it is more on how well you know the project and knowing what are the next plans of the dev team. in this age, you would get the insights of their plans when you join their social media channels. they may not directly tell you what's going on, but you will get hints on how they respond to their subscribers. better get out if your instincts is saying that they are about to dump and run...

[iv4n]

...discipline is most important to trade like a robot, discipline matter more than winrate...

Discipline is everything. It means a lot of things actually, we learn and we apply learned, there is no disciple without patience, and maybe most important we don't let anything distract us (emotions, other people, anything). I see it, and disciplined people have higher chances for success I know that, but I will never have it. I tried, but after some time something "distracts" me... and I will just make a "bad" move. It's why short-term trades are not for me, I am more focused on the long run. I simply get into the trade and I forget about it until I see some significant move.

Trading, especially day/short-term trading is not for everyone. I had many losses before I figured out what is good for me.

[borovichok]

...discipline is most important to trade like a robot, discipline matter more than winrate...

Winrates portrayed the fact that one is not reluctant in one place and there's always room for improvement. It's advisable to stick to a trading plan and have full confidence when placing a trade. Discipline is key factor to maintain in the space, specifically if a trader would want to remain consistent and counting profits in everyday trade. Never have I trade with emotions or kept in mind to have revenge on the market due to the losses I recorded on my account. Trading for 2 years is enough reason to start gaining massively from the market, however it depends on your trading strategy.

[cafter]

...discipline is most important to trade like a robot, discipline matter more than winrate...

Winrates portrayed the fact that one is not reluctant in one place and there's always room for improvement. It's advisable to stick to a trading plan and have full confidence when placing a trade. Discipline is key factor to maintain in the space, specifically if a trader would want to remain consistent and counting profits in everyday trade. Never have I trade with emotions or kept in mind to have revenge on the market due to the losses I recorded on my account. Trading for 2 years is enough reason to start gaining massively from the market, however it depends on your trading strategy.

why some people(very old like 70 or 80 years old) go to trading events for learning, if it was that easy then, people who have more then 10years of experience are also in loss,

some people make money out of the market in 4 or 5 years of experience.

[Sorryfor]

Most people are familiar with trading and everyone loves to trade.However, there are many new traders in the market who invest without understanding the market position. And later it turns out to be the biggest risk to his finances. So I think it is important to invest in good coins if you are investing for long term. Because most of the time people invest in different alt coins to get more profit. and later they face a lot of losses so I suggest investing in Bitcoin is definitely the best.

[StarKay]

Nice write-up and I liked the book you recommended but I disagree with your assertion that discipline is more important than win rate. I will rather you say that to be profitable a good trader must acquire the required skills and build sufficient discipline. A combination of skills and discipline is needed to have a good win rate and stay profitable.

[armanda90]

Are you sure with disciplined in trading? seems funny there are not working at company we need disciplined and wake up at the early morning for working and go home on the night. Seems difference and not really important about disciplined because whales and market condition make us success or not in trading.

Beside disciplined I think have priority for trader can manage their emotion and stop greedy after earning profit, this important points in trading and how become success how long experienced have been in cryptocurrency if can't controlling emotion I don't sure have chance to earn profit.
I don't read any book as reference for trading because most important is how application in the trading way not theory only.

[LewisMachina]

2 years? 

that's a rookie number baby.

[irhact]

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,
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 .

Two years is too small to start feeling you're now good at trading to start giving trading advice, it doesn't matter if you have been in profit for those two years straight, it's still not enough because you haven't experienced atleast the whole cycle of a market which usually takes four years. When you have experience both season of the market then you would have gotten enough experience to give advices.

Apart from that, what you said about discipline I can agree with because to succeed at whatever you're involved in, you have to be disciplined or you'll lose focus. There are so many distractions in the market that if you aren't discipline you'll go off course and get trapped in the world of chasing hypes.

[ethereumhunter]

Most people are familiar with trading and everyone loves to trade.However, there are many new traders in the market who invest without understanding the market position. And later it turns out to be the biggest risk to his finances. So I think it is important to invest in good coins if you are investing for long term. Because most of the time people invest in different alt coins to get more profit. and later they face a lot of losses so I suggest investing in Bitcoin is definitely the best.

Those who enter the market without having trading skills will not be able to get the profit they expect because the ever-changing market situation forces them to learn to analyze. If they don't want to learn, they will never see the results and may only experience losing trades.

Investing in the right coins is important so we can get big profits. And people tend to invest in altcoins and most invest in new coins they don't know about. But if they can choose to invest in bitcoin, they can at least benefit in the future.

[Finestream]

Experience is one of. the best teacher but if you didn't learn from this experience I guess there's something wrong with the things you are doing. I've been in the world of trading for over year's there are a lot of red days before profit comes my first three months are not a good run and it's really hit different but after that days you've been seen there's some improvement and taking step by step a good run.

If you can gain sufficient knowledge and experience, the higher chances you will be a good and successful trader. And while OP is encouraging us to read more textbooks so we can learn and understand about trading, but I believe learning trading will be more worthwhile and efficient if you also do it while learning, and that is where proper application takes place. Experience is part of your training, so the more you are exposed to your experiences, the bigger chances you’ll be an effective and profitable trader.