What you need to know about trading

[tjtonmoy]

Controlling your emotions is not easy, but ignoring them is quite easier to be fair. If you end up feeling anger or fear or anything else like that, ignoring them is easy, you just focus on something else. None of us are living a life where we only look at the price of a crypto and do nothing else in life, we all do something, we work, we eat, we sleep, we go out, we watch something, we play, we date, we basically do so many things in life everyone has their own thing, everyone has different life.

I think it's quite important to remember that you could stop looking at crypto and do something else, which would be ignoring your feelings there and then focusing that into something else. Like if you know how to play the guitar and like it, then you could stop looking at the screen, pick up your guitar and play a song, it's possible and it would ignore your emotions about trading. This is what I do, I like to play games, so I just quit the website and go play some games.

Of course, everyone is different and has their own life. But we need to make our priority straight. We all have busy lives doing different things here and there but at the end of the day, we all think about how to bring food to the table. That's why whatever we do, we need to focus more on what can make us a better person. Running from your responsibility won't help solve anything. The more you ignore it, the more those responsibilities will haunt you in the future. Emotion control is letting yourself accept the loss. And play by the rules.

If you run from it or make yourself focus on something else, in the end, you will learn nothing. This is not gambling that you can't do anything about your losses and just leave the rest on your luck. You need to find the mistakes and face them so that you can learn from them. Don't ignore it when it comes to trading. You can divert your mind when you are on a losing streak and you are chasing your losses, but not when you are unable to control your emotions and make wrong decisions.

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[Bushdark]

Trading means risk so you have to trade with risk and if you can control your emotions between profit and loss high risk often brings good things. Trading requires a lot of discipline and can be risky if inexperienced combined with competent decisions. A person needs to have a lot of trading knowledge to make the market trading journey less risky. Failure is a part of any type of investment and trading is no exception. If you follow the strategies of successful traders keep more money than you want to use in trading, the chances of winning will be lower and the risk will be lower.

Trading could have some level of high risks depending on how long we intend to stay in the market and the amount we are using to trade in the market. Trading is more of preparation and not just entering the market to make profits for ourselves when we are not ready to do what will attract more wins for us. What we need to know about trading can be huge or less depending on the kind of trader that we are or the kind of market that we plan to trade. Different market will attract different profits and pattern in which we can use to trade and make profits from the market.

[TakeItEasy]

Trading could have some level of high risks depending on how long we intend to stay in the market and the amount we are using to trade in the market. Trading is more of preparation and not just entering the market to make profits for ourselves when we are not ready to do what will attract more wins for us. What we need to know about trading can be huge or less depending on the kind of trader that we are or the kind of market that we plan to trade. Different market will attract different profits and pattern in which we can use to trade and make profits from the market.

Amount matter a lot in trading, whether a coin consists of a person whole portfolio it also matter and whether he slips this amount in different one also matter a lot. Those traders who have a big portfolio are at low risk of loss because when they invest in some coin then if they know they may get some loss they buy that coin at the dip and get the double profit at that point. But those who didn't have more then they can't apply this strategy.

Also, market conditions are different at different situations, a better and good trader should always have eye on each condition of the market. Only then he can get the respectable movements through his journey.

[taufik123]

-snip-
Also, market conditions are different at different situations, a better and good trader should always have eye on each condition of the market. Only then he can get the respectable movements through his journey.

Monitoring market conditions continuously will also make someone stressed.
This depends on what time frame is used to trade, so it can be adjusted and does not have to constantly monitor the market.
See how bullish or bearish market conditions can be known by trends that tend to be positive or negative.

There are actually many factors that affect market conditions.
Like FUD that came suddenly or some negative news like a while ago about CZ's resignation as CEO.

[AakZaki]

Trading carry so many things which many people don't know and, you need to know some of the things that attached to crypto trading before risking your money on it.

You must exercise patience in your trading which is one of the advantage many professional traders used to earn big money from their trading because they continue hodling whenever there is a bear run in the market, so that they will not miss their opportunity in the future. You must know that there are two things you cannot miss in crypto trading which are gain and loss, if you miss loss, you will surely embrace gain and if you miss gain you will surely embrace loss.

Holding is the best way and the least risky rather than having to trade every day. But there are some traders who have a lot of profits from trading every day, of course they are professionals and already understand how the crypto market works. However, for users who do not have enough knowledge, holding is the most appropriate way. Apart from that, doing swing trading can also provide better profits. just need to buy at the cheapest price at the lowest support and sell in the short term at the top resistance.

[mirakal]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

If you can't accept small amount of losses while you are still a beginner in trading, then it will be hard for you to manage bigger amount of losses in the future. Losses are part of traders, so either you quit from trading or you pursue trading but with good management skills on losses, otherwise you will lost your good critical thinking on finding solutions to your losses.

What you need to know about trading is that it's never a requirement to start trading with a huge capital, you are only increasing the amount of risk that you have to surmount. Trade without doing leverage, but trade on the amount that you are comfortable to lose. Trading still never gives fixed results, so always trade with high caution.

[gunhell16]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Of course, if you are a person who wants to enter the trading industry you should know what kind of traders you are first, secondly, because you want to be a trader it just means that you are an investor who will buy cryptocurrencies other than Bitcoin.

And if you enter trading, you must also have the qualities of being a patient person, willingness, self-control, self-discipline, dedicated, determined, and above all, have passion. When you have all those characters it can be said that if you can easily learn to understand what the concept of real crypto trading is, in short that will be your advantage as a newbie learner in the crypto space.

[Timmzzy]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

 This line here

some will give up

menhn i almost did that because it was as if i dont know what am actually doing in the market anymore it was as if am a newbies meanwhile i definitely know what am doing just like what we normally say when trading has screwed with your mindset it goes like this; TRADING GO HUMBLE YOU EHH  because you have tried and tried its as if yourr village people is against you. Yeah there is alot to trading i most say.

[Cryptmuster]

If you can't accept small amount of losses while you are still a beginner in trading, then it will be hard for you to manage bigger amount of losses in the future. Losses are part of traders, so either you quit from trading or you pursue trading but with good management skills on losses, otherwise you will lost your good critical thinking on finding solutions to your losses.

What you need to know about trading is that it's never a requirement to start trading with a huge capital, you are only increasing the amount of risk that you have to surmount. Trade without doing leverage, but trade on the amount that you are comfortable to lose. Trading still never gives fixed results, so always trade with high caution.

In this case, there is no point in increasing the trading deposit while the trader continues to lose money on small amounts, increasing the additional deposit will only lead to large losses. But if you have achieved a result in which you can make a profit, then it makes sense to try to increase your trading deposit. It is impossible to achieve a fixed result in trading, but the overall dynamics should be positive, if you end each month with a profit, then you are moving in the right direction.

[EarnOnVictor]

Trading means risk so you have to trade with risk and if you can control your emotions between profit and loss high risk often brings good things. Trading requires a lot of discipline and can be risky if inexperienced combined with competent decisions. A person needs to have a lot of trading knowledge to make the market trading journey less risky. Failure is a part of any type of investment and trading is no exception. If you follow the strategies of successful traders keep more money than you want to use in trading, the chances of winning will be lower and the risk will be lower.

Trading could have some level of high risks depending on how long we intend to stay in the market and the amount we are using to trade in the market. Trading is more of preparation and not just entering the market to make profits for ourselves when we are not ready to do what will attract more wins for us. What we need to know about trading can be huge or less depending on the kind of trader that we are or the kind of market that we plan to trade. Different market will attract different profits and pattern in which we can use to trade and make profits from the market.

There was a popular saying back then when I started trading, and it says "If you don't think, you sink." I was guilty of that when I started trading because I never "thought", I just traded and my mind was all over the money to be made. When I eventually deposited a huge amount of money in my initial tries and lost them, I then realised that it was a very wise saying that needs to caution any traders who do not believe that trading is risky and could earn money from the beginning. Trading needs a lot of preparation really, but most of those who also prepared did not prepare right, they often believe that once they know how to trade with a very good trading strategy, then they are good to go. But this is not the case in trading, you need to be able to have a plan, a good one at that. This is why learning alone is not what matters, but how practical you are in using what you have learned to create a good system for yourself.

This practical aspect is what builds the real experience into having the right plans that will eventually make you a good trader. Still, many people have the plan but lack good management and balanced psychology which makes the plan faulty. All these have to be known, corrected and perfect before true success can be achieved in trading.

[irhact]

Trading could have some level of high risks depending on how long we intend to stay in the market and the amount we are using to trade in the market. Trading is more of preparation and not just entering the market to make profits for ourselves when we are not ready to do what will attract more wins for us. What we need to know about trading can be huge or less depending on the kind of trader that we are or the kind of market that we plan to trade. Different market will attract different profits and pattern in which we can use to trade and make profits from the market.

The risks of the market can come at any time, it might happen as you enter the market or happen later that's why it's good we have stop loss orders in place to help reduces our exposure to the market as the volatility can make the price of any cryptocurency we buy to fall and when we don't have stop loss in place it exposure us to more demange. Any beginner that wants to trade need to know trading isn't gambling that he'll just be trying his luck.

If you don't understand the market and you enter a trade, you'll lose. Trading need training and discipline to come out successful in any trade that you open. Trading need practice and experience that's why the more you stay in the market, the higher your experience gets and you can make better decisions than new members as they're yet to understand how the market works. As a trader you have to be fully prepared for the market therefore having funds available always to open a trade.

[bettercrypto]

We know that cryptocurrency trading is different here, but when you get the hang of it, you're better than a professional with a college degree. In other universities in other countries, this is a course. But here in this field, we can only study for free.

But anyway, if you study trading, you should expect things that are not good situations that we can face here. It is better not to expect good things here; it is better that as time passes, our understanding deepens in crypto trading. Although it is true that this is not an easy lesson,

[Bushdark]

We know that cryptocurrency trading is different here, but when you get the hang of it, you're better than a professional with a college degree. In other universities in other countries, this is a course. But here in this field, we can only study for free.

But anyway, if you study trading, you should expect things that are not good situations that we can face here. It is better not to expect good things here; it is better that as time passes, our understanding deepens in crypto trading. Although it is true that this is not an easy lesson,

One if the things we need to know and keep our eyes on is how to be a better trader. Since there are so many traders, we need to make sure we become exceptional and act quickly when taking trades. Trading is profitable and one can also get emotional too when we are doing the wrong things and not improving to be a better traders. If we can improve our trading perspectives, this will help us to be a better trader and make money from the market.

[Huppercase]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.

Trading is actually an act that need the state of mind, knowledge and experience. The more expert you have as a trader, the more you enjoy it and the more transparent and clear things becomes because a professional trader will understand how to navigate market very easy and accurate than a newbie.

The timing also influenced trading, we tend to have more rich men during the bull mart than poor men in bear market, most of the time the market is always saturated with rich men than poor men in the bull market while during bear market, we do have plentiful of poor men trying to survive.

Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

There is nothing bad in been optimistic about the market like the Blackrock upcoming ETF, it's giving everyone a ptsd(Post-traumatic stress disorder) and everyone are already trying to get some bitcoin and hence the reason why bitcoin has been pumping gradually over the last month, seems we will see $40k as suppot soon.

However, what many them that are chasing the profit don't understand now is what to do next after the pump, the smart ones wouldn't wait to tick the global support of the previous ATH of the past bull run and some will wait for it to get there and perhaps retrace and they will not still take profits, that's the simple mentality some traders lack, they don't understand when it's time to take profit.

[borovichok]

Your guitar idea is spot on! When things get intense, I usually dive into some coding. It's my escape from the market madness. Just like you with games, it helps me hit the reset button on my brain. It's funny how finding that "off" switch can be a game-changer. Also, your point about facing mistakes is gold. It's not about running away but understanding the missteps.

I've sharpen my strategy and awaits for my setup entry to get triggered by trading positions. It's not easy but it's an activity we ought to understand and ensure to allow good news flying in and out to be of great benefits to us. There are complex innovated ideas one needs to know about because the system have gone weigh complicated than we could ever imagined. Whenever I'm finding it really hot in the system, strictly I personally avoid the bear season and ensure to grab the new opportunities coming in because that's the source of me milking the system.

[Sanitough]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Trading will always be harder if you keep on expecting trades will end up smoothly. Obviously, that is not the nature of trading. One should experienced prior mistakes and losses because that will motivate yourself to grow as a trader and give your best to stay trading in profits. Although trading is not a bed of roses like what everyone says, but once you achieved the peak success in trading, you will always have the reason to live your life like bed of roses.

[o48o]

Those who stand strong till the end will be called victorious. But it is easier said than done. Losses in trading could lead to many things which include emotions. Controlling emotion is not an easy task. It takes years to master it, and even after that one may not be able to fully control it. But that's just it. We are human, not mindless robots. It's not a bad thing to get affected by emotion. All we need to do is control it to a level where it won't affect the trade.

Having positive thinking about everything is not always a good thing. Making mistakes as a human is natural. But if you think that it's just a test, then you will never be able to overcome that mistake. Learn to embrace your mistakes and try to figure out why you made those mistakes in the first place and try to fix them.

Controlling your emotions is not easy, but ignoring them is quite easier to be fair. If you end up feeling anger or fear or anything else like that, ignoring them is easy, you just focus on something else. None of us are living a life where we only look at the price of a crypto and do nothing else in life, we all do something, we work, we eat, we sleep, we go out, we watch something, we play, we date, we basically do so many things in life everyone has their own thing, everyone has different life.

I think it's quite important to remember that you could stop looking at crypto and do something else, which would be ignoring your feelings there and then focusing that into something else. Like if you know how to play the guitar and like it, then you could stop looking at the screen, pick up your guitar and play a song, it's possible and it would ignore your emotions about trading. This is what I do, I like to play games, so I just quit the website and go play some games.

I am not sure what do you mean by ignoring feelings. But in general, i don't think it's a good idea to ignore your feelings. As you can pay attention to them and use them for your advantage. If you know you feel fomo, you know what feeling you should be working against for. Same goes with fear. Sometimes it pays to be fearful in time. Because that might make you sell before the majority when dip is coming.

Ignoring feelings in worst case make you act on them and you don't even know why are you acting that way, since you are going blank, if by ignoring feelings you mean suppressing emotions.
Imho, feelings are more than ok. You just don't always want to act on them. And i say "always" because sometimes acting on them is wise, as everyone else has those same feelings and most of them act on them.

[ancafe]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

That is the desire of everyone when involved in investment and trade and the only one sought is to benefit. But it should be understood that undergoing trade is not as easy as imagined because there are many things that need to be learned so as not to have a negative impact about losses when running it. The risk of trading is also quite large because of speaking of price fluctuations in price and if someone is unable to read the market movement of the coin will give birth to panic.

A trader must have courage but is not advised to take a quick opportunity if you do not understand how to trade correctly. Learn about trading first correctly and take small opportunities to practice trading skills to be better slowly. Because if we understand the pattern will be a little easier to face the risk of loss even if we cannot avoid overall the risks.

[Bushdark]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Trading will always be harder if you keep on expecting trades will end up smoothly. Obviously, that is not the nature of trading. One should experienced prior mistakes and losses because that will motivate yourself to grow as a trader and give your best to stay trading in profits. Although trading is not a bed of roses like what everyone says, but once you achieved the peak success in trading, you will always have the reason to live your life like bed of roses.

For those  that had never trade before, there is need to understand that making consistent profits from the market is not easy. There are people that would make profits today and tomorrow they will make loses. This is the second and third stage of trading and is not that people in this stage do not know how to trade or understand trading but this is the stage where traders need to work harder to become a consistent trader in the market. We all want to be making consistent profits but there is need for us to adjust and keep trading to become a better trader.

[Japinat]

If you listen to those unreliable crypto influencers, you will really be convinced that trading is all about money and profits, and the more you trade, the bigger amount of profits you will earn. But in reality, everything is hard in trading. It only gets harder if you trade with zero knowledge in trading. That is why do your own diligence to study trading and build your own skills and strategies through consistent exposure in the market. Success is not achieved easily, it takes a lot of patience and persistency to win that.