Unknown fact our profitable colleagues won't tell us

[taufik123]

-snip-
It's not easy when you first start implementing it, but it won't feel difficult if you are consistently willing to do it every time a trade is made.
As is a well-known sentence, a burden will feel lighter if it becomes a habit.
The psychological aspect of trading is like oil in a car, not fuel.

yes, this will be a good habit, which will have a positive impact on the trade made.
Psychology in trading provides a dynamic in every step taken.

Psychology is like lubricating oil in an engine that will lubricate everything so that the work of the engine is not too heavy and will be faster,
this is called good acceleration.

[1715330971]

1715330971

[1715330971]

1715330971

[1715330971]

1715330971

[1715330971]

1715330971

[1715330971]

1715330971

[Bushdark]

There are so many things we can learn as a trader for us to gain big experience in the market.Tradimg is more of learning and adjusting trade for a better future profits that keep using the old strategy continually. Trading is just like gambling whether we might be fortunate to win today and tomorrow we lose again. Trading is technical and difficult more what we don't know. For us to keep making profits from the market, then we need to keep working and checking our profitable traders to know how they were able to keep making consistent profits from the market.

[Kelward]

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.

You nailed it here. Even an experience trader will at some points have bad trades. What matters the most is their risk management strategy. The balance between the risk reward ratio and the win rate should also never be ignored. A trader can have a very high risk reward ratio yet the win rate is shitty, or could have a very good win rate, yet the risk reward ratio is not good enough. In this case, he will just be giving the exchange lots of trading fees while the equity in the account just keeps going down.

I can agree that what really matters in this case when trading is an individual risk management strategy, because despite how you make your analysis, it can still go against your strategy. To an extent I still liken trading to gambling, because all the best efforts can yield you nothing, while minimal analysis can be profitable. I agree with OP that no one has a crystal ball to determine how trades will really go at the end of the day, so every trader will have to find a risk management strategy that suits them.

[goaldigger]

There are so many things we can learn as a trader for us to gain big experience in the market.Tradimg is more of learning and adjusting trade for a better future profits that keep using the old strategy continually. Trading is just like gambling whether we might be fortunate to win today and tomorrow we lose again. Trading is technical and difficult more what we don't know. For us to keep making profits from the market, then we need to keep working and checking our profitable traders to know how they were able to keep making consistent profits from the market.

That’s true, we will never stop learning in trading because the market moves faster than we think and we know the risk will always be there and we have to adjust accordingly. There are traders who work tirelessly just to master their strategy and I believe that’s the sacrifices that we should take first before trading big money. If you are also struggling in your trades, don’t worry its normal what you can do along the way is to learn and be more cautious.

[gabbie2010]

it's not by taking multiple trades, it's about the quality of the trades that makes the difference.

Honestly quality over quantity is the way out of becoming a successful trader that is why some skillful traders adopted a minimum trading chart of 4 hours timeframe or daily time frame they did some trading analysis in a short time and entered or trade 2 or 3 quality trades or trading setup that conform with their trading strategy thus by entering a high quality trade that has a big reward to small risk ratio, this is very common in forex trading, losses are inevitable yet a skillful and experience trader with a very good trading strategy would always be profitable in the long run, however getting to that big stage as a trader requires a thorough learning, research and backtesting of chart.

[Yamifoud]

it's not by taking multiple trades, it's about the quality of the trades that makes the difference.

After all, we are the makers of our trading journey, we can't rely on others or think that they would help us. That is why we don't assume that even successful traders will tell their strategies ( or secrets) we make it the same. I say no because as you have said, it depends on the quality of our trade and the way we respond to the market changes. Perhaps, we can gain success by our way of trading, our strategies, and of course, our pursuit of our goal. Because no matter how many mentors will accompany and teach us, it is different when we are trading alone.

[Jegileman]

That's what the profitable traders do, no one has a crystal balls,  everyone do experience some losses, but if you can win 50% of your trades while trading only 1:3 risk reward ratio then I bet you, brother you are definitely smiling too the bank .

it's not by taking multiple trades, it's about the quality of the trades that makes the difference.

You can’t make it so big in trading if you only relent on the 1:3 risk ratio for a very long time. More experienced and technical traders take higher risks than that because of the reward that comes with it and how big they will make it when they increase the risk ratio. I am not going against your logic, but it is mostly suitable for beginners and inexperienced traders that are still yet to know the difference between good and bad trades. If you can tell a good trade, you won’t have a second thought on whether to increase the reward ratio or leave it in that manner when you want to make lots of profit.

[bbigtart]

So this takes practice so that psychology is not too affected when starting a trade.
Because the final outcome of a trade will be determined by your decisions that will involve psychology.

It's not easy, but if you get used to it, everything will go well.
I was always afraid of the decline at the beginning and too frantic to sell, even though the price target had not been reached.
When the analysis is mastered, you only need to see how the market will move and there is no need to panic too much.

It is true that psychological training is essential in helping traders become better at dealing with the challenges that exist in the financial markets and achieve success in the long term. Because no matter how smart our analysis techniques are, without good psychology, our trading and even our lives will definitely be in shambles.

In my opinion, a good psychological exercise is to trade directly using small amounts of money so that later you get used to it and create experience. We can also learn from mistakes in trading so we can reduce the same mistakes. That way we will survive, even if it hasn't improved, at least if we can survive, that's good. If you say practice, then people will think of a demo account.

[kentrolla]

There are different strategies implemented by traders and I don't think 1:3 ratio will be of any good, there is a huge difference between writing stuffs about trading and actually trading and following it. I don't believe in this ratio rather I believe in my own rules which I have set for trading which is a mix of multiple trades with small profits instead of waiting for one big trade. I know most of the traders don't prefer multiple trades of small profit but it has worked well for me.

[borovichok]

There are different strategies implemented by traders and I don't think 1:3 ratio will be of any good, there is a huge difference between writing stuffs about trading and actually trading and following it. I don't believe in this ratio rather I believe in my own rules which I have set for trading which is a mix of multiple trades with small profits instead of waiting for one big trade. I know most of the traders don't prefer multiple trades of small profit but it has worked well for me.

Multiple trades will only make one to become confuse especially if he's a newbie in the market. We don't know how it works but we just have to stick to a plan and ensure we grab significant profits and enable our stands in the space.  This present day, no one is after the crucial experience imitated, what we're all after is the profits we will draft from the space. Every trader that's actively in the market knows the specified strategy that works for him and most of these traders wouldn't want a situation were they will share the strategy that would bring enormous profits on the table.

[Mahanton]

In other to be a very good and Skill traders we should not stop learning to enhance our trading ability.

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.
 What makes them stands out and make them profitable is the risk to reward ratio, yes I mean 1:3 risk reward ratio.
Like example, you are willing to risk 10usdt to make 30usdt, if it goes your way, you make 20usdt more.

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.
Though most people have the ability to win 80% of there trades because of how skilled they are.
It's very important that you take only trades that makes the good days to count,  don't take any trades that wouldn't give you the minimum 1:3 risk reward ratio.
That's what the profitable traders do, no one has a crystal balls,  everyone do experience some losses, but if you can win 50% of your trades while trading only 1:3 risk reward ratio then I bet you, brother you are definitely smiling too the bank .

it's not by taking multiple trades, it's about the quality of the trades that makes the difference.

Quality over quantity would be always the best approach but people would really be trying to cope up and trying to achieve on having multiple trades but quality ones.Yes, it would really be that good if you do be able to reach out such condition or situation but we know that it wont really be that something simple but rather it would be a challenging one. I dont know on why topic title is really that totally derailed if we do speak about on the topic content itself on a side note- Going focus on that title first, no colleagues would really be telling you about their winning or losing trades on which it would be normal that we would really be that skeptical on showing up our negative or losing side even if on how close you are with your friend or to those people who you are with unless if there's someone whose really that too open then they might be telling you.

Second situation about on the methods on making yourself that profitable, then its your call and no matter on how you do deal up with those price movements then it would always be that just that depending
on how you do be able to assess such conditions on which it would be always that reflecting on how well you do make out those kind of decisions into your advantage. Thing here is that you should really be that knowing
on what you are doing and what are the targets that you are really trying out to achieve.

[Rruchi man]

What makes them stands out and make them profitable is the risk to reward ratio, yes I mean 1:3 risk reward ratio.

Risk to reward ratio is only one of such tip from profitable traders, there are some other little things that some of them have learnt from over the years of trading that can only be acquired by experience. From some conversations I have had with traders who have proven results, there is always some new things to learn. Some traders will tell you to set a strong support line at the beginning of the week to observe the trend the market is taking for that week, some will tell you to not trade on too many pairs, etc. the thing is that there is always a personal tip from every trader you meet. The more you meet professional traders and have personal heart to heart conversation with them about trading, the more you learn.

[Promocodeudo]

In other to be a very good and Skill traders we should not stop learning to enhance our trading ability.

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.
 What makes them stands out and make them profitable is the risk to reward ratio, yes I mean 1:3 risk reward ratio.
Like example, you are willing to risk 10usdt to make 30usdt, if it goes your way, you make 20usdt more.

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.
Though most people have the ability to win 80% of there trades because of how skilled they are.
It's very important that you take only trades that makes the good days to count,  don't take any trades that wouldn't give you the minimum 1:3 risk reward ratio.
That's what the profitable traders do, no one has a crystal balls,  everyone do experience some losses, but if you can win 50% of your trades while trading only 1:3 risk reward ratio then I bet you, brother you are definitely smiling too the bank .

it's not by taking multiple trades, it's about the quality of the trades that makes the difference.

OP, all you mentioned showed that you know more about trading but I want to ask how successful have you been in trading, if you have been very successful I will like you to do me a favour by giving me more tips, I remember what I read about trading that involving yourself in trading does not guarantee success and again trade with what you can afford to lose, I begin to think about this orientation, I found out that the trading itself is not safe and any occurrence is bound to happen at any time, and also as a trader, you should be ready to either lose or gain, Op I sincerely appreciate you because you experience and all you have said, you just made me to get some point straight.

[Bushdark]

What makes them stands out and make them profitable is the risk to reward ratio, yes I mean 1:3 risk reward ratio.

Risk to reward ratio is only one of such tip from profitable traders, there are some other little things that some of them have learnt from over the years of trading that can only be acquired by experience. From some conversations I have had with traders who have proven results, there is always some new things to learn. Some traders will tell you to set a strong support line at the beginning of the week to observe the trend the market is taking for that week, some will tell you to not trade on too many pairs, etc. the thing is that there is always a personal tip from every trader you meet. The more you meet professional traders and have personal heart to heart conversation with them about trading, the more you learn.

For us to make profits from the market, we need to get prepared and learn from the best. I have seen people asking random questions about trading here which is not supposed to be so. These are questions that need to ask but not in the forum if we know what we are doing as traders. These kind of questions need to be forwarded to our trading mentors or people that taught us how to trade.
Trading is very rewarding if we are patient and get the whole story learning without becoming too desperate to make quick money.

[KingsDen]

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.

You nailed it here. Even an experience trader will at some points have bad trades. What matters the most is their risk management strategy. The balance between the risk reward ratio and the win rate should also never be ignored. A trader can have a very high risk reward ratio yet the win rate is shitty, or could have a very good win rate, yet the risk reward ratio is not good enough. In this case, he will just be giving the exchange lots of trading fees while the equity in the account just keeps going down.

A very good winner is the one who is consistently winning if checked on the long run. In the words of the Op, no one has a crystal balls, it is a fact. At some points in time, strategies fail, even if you are well desciplined and has a very high risk management skill, a bad day will still be a bad day whenever it wants to.

OP, when I read the title of your thread, I was expecting some huge facts I haven't known. Sorry, I was somewhat disappointed. Not that what you said isn't nice or a good fact, but my expectation was high.

[Bitcoin_Arena]

A very good winner is the one who is consistently winning if checked on the long run. In the words of the Op, no one has a crystal balls, it is a fact. At some points in time, strategies fail, even if you are well desciplined and has a very high risk management skill, a bad day will still be a bad day whenever it wants to.

It's the whole point of proper risk management. The trader already knows that his trader are not going to be 100% wins, and therefore ensures he does not blow off his account to zero because of a few bad trades. The aim is to “Live to fight” another day in case the trade they made was a wrong call.

[boyptc]

it's not by taking multiple trades, it's about the quality of the trades that makes the difference.

That's true.

Your quality of your trades and how much they are in with those are the most important ones. Because if you're not going to be buying that much and you're always on timing with your sell offs. That's what matters.

The timing that you do and the execution of your trades are the ones that's going to make you money. Even if they're few but the accuracy is 100% and ratio you're doing is favorable for profit, it is what is giving the profitability of a trader.

[tjtonmoy]

You cannot stick to the one and only strategy that you know when it comes to crypto trading. 1:3 ratio is a good start but without proper knowledge or a decent strategy, you may lose everything. The cryptocurrency market is evolving every second and only technical analysis is not enough to survive in this evolving market. Sometimes quantity beats quality. Even if you are making less profit, you can do multiple trades to make that numbers go up.

It is important to know that many have become successful by following certain strategy but it does not apply to everyone because those who are successful have some kind of skills within them. Not everyone can do that.

[GeorgeJohn]

In a normal circumstances, its obvious that trading is something we know that have to do with research and careful and consciousness, so when you come in aspect of trading, it's quite obvious that trading don't have to do without continuous learning, its a skill that you need to note down any point of what you are doing, so I believe that when you learn trading today and you continue to practice trading their is some certain things you have learn again in addition of what you have experienced when practicing than the one you learnt

[Mpamaegbu]

That's what the profitable traders do, no one has a crystal balls,  everyone do experience some losses...

In fact, that's a very easy way of catching who isn't a trader but claims they're. Anyone who tells you they don't lose trades just know they're lying. Every professional trader you see now do experience moment of loss too. What makes someone a profitable trader isn't because they don't lose trades but because they have short or small loses with long and big wins. That's the only way they will remain profitable. In trading, no one holds the holy grail. We're all speculators. If anyone were sure where the marked is accurately headed every time, they would be very rich overnight.