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Author Topic: ESSENTIALLY SIMPLE TRADING FACTORS THAT EVERY TRADER SHOULD CONSIDER  (Read 170 times)
Kelward
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January 09, 2024, 10:17:22 AM
 #21

I want to talk about the confidence part. Do you know that you can have confidence and the confidence will fail you. An instance is when you have the confidence, you analyzed the market and open a trade. After the trade was opened, the market go another side and loss started and continued until liquidation. There are more to trading than what you listed. It is not what you can use a day to learn. You need to know how to control your emotion and not using leverage. The money you put on trading, see it as the money you put on gambling. Let the money be very small and be able to afford to lose it.

Cryptocurrency trading is very dynamic and I believe that someone should not have one rigid approach to trading, because if your approach is not working, it could be wise to consider another approach. Being confidence is good, because you need it to overcome the fears of losing your coin, but sometimes simple reasonings can alter you confidence and make you change your mind, if perhaps you're being confident with a wrong move.

Above every factor in crypto trading should be discipline, it'll help to guide a trader not to deviate unnecessarily during trading, they should stick to their trading pertans, unless when it is of utmost necessity that they should change pertans to avoid further loses. Patience and not being greedy, lastly to trade the amount that they can afford to loose.

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Lanatsa
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January 10, 2024, 07:42:30 PM
 #22

I want to talk about the confidence part. Do you know that you can have confidence and the confidence will fail you. An instance is when you have the confidence, you analyzed the market and open a trade. After the trade was opened, the market go another side and loss started and continued until liquidation. There are more to trading than what you listed. It is not what you can use a day to learn. You need to know how to control your emotion and not using leverage. The money you put on trading, see it as the money you put on gambling. Let the money be very small and be able to afford to lose it.

Cryptocurrency trading is very dynamic and I believe that someone should not have one rigid approach to trading, because if your approach is not working, it could be wise to consider another approach. Being confidence is good, because you need it to overcome the fears of losing your coin, but sometimes simple reasonings can alter you confidence and make you change your mind, if perhaps you're being confident with a wrong move.

Above every factor in crypto trading should be discipline, it'll help to guide a trader not to deviate unnecessarily during trading, they should stick to their trading pertans, unless when it is of utmost necessity that they should change pertans to avoid further loses. Patience and not being greedy, lastly to trade the amount that they can afford to loose.
Versatility and being able to adapt on which this should really be the key for you to be able to sustain yourself into this market on which same as you said that trading would really be that dynamic on which it would really be getting in line with the market on which it would really be that so volatile. So it would really be just that right that you would really be needing to make adjustments so that you would really be able to adapt and act accordingly on the things that you must done along the way. You cant really just that make yourself that stagnant and wont really be doing something just because you are really that believing that you could be able to handle it out without having  those kind of adjustments or big movements on which this is really that a very wrong mindset to have.

Patience,discipline and versatility would really be always the key. You cant really be able to deal off with a volatile market if you cant really be able to apply these things. You would need to adjust
and you would need to make changes if ever things do change up in front of you. We do know that there are tons of factors that could affect out movements
on which it is really just that wise that you should be doing too as well.

R


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