What traders must know

[Natsuu]

Being patient helps you wait for the best opportunities while keeping leverage in check prevents sudden losses. Emotions like fear and greed can mess with your decisions so it's important to stay cool-headed. Also discipline  keeps you on track with your strategy and trusting your analysis gives you the confidence to stick with it. It's like building a sturdy ship to sail through the ups and downs of the crypto waves

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[ndutndut]

All the things you mentioned are very important and of course very dangerous if they are not continuously embedded in the minds of all traders, especially novice traders. Instead of wanting success and profits, what you get is losses due to mistakes that are often made because you don't have guidelines. Of all that, the most important thing in trading is to keep learning to update your trading skills. You must also always try to increase your knowledge in trading, never feel smart because trading knowledge is endless. Especially learning to control emotions, because the peak of a person's failure as a trader is not being able to control emotions so that many trading decisions are taken that are wrong, and it is very true as you said by learning to control emotions we can avoid fear and greed.

[South Park]

Being patient helps you wait for the best opportunities while keeping leverage in check prevents sudden losses. Emotions like fear and greed can mess with your decisions so it's important to stay cool-headed. Also discipline  keeps you on track with your strategy and trusting your analysis gives you the confidence to stick with it. It's like building a sturdy ship to sail through the ups and downs of the crypto waves

Those that do not know how to trade think that this is just one skill they have to learn and then they will profit from the markets, but trading is in fact a mixture of many different skills, and a lack of a single one of those skills is often enough to seriously hinder a trader and maybe even preventing them to get any profits, so anyone that is truly interested in becoming a trader cannot complete their training by just watching an influencer and some charts, they really need to train themselves as they would for any other profession.

[Distinctin]

As a trader, it’s important to develop your own trading skills and strategies because that will serve as the key to take advantage over the market unpredictable state or condition. Have your own reliable market analysis because that will be your guide when to enter and make a trading position or when to avoid trading at all cost.

Trading skills and strategies are the weapons of a trader, without it it’s hard for you to be a successful trader because the success of one’s trading relies mostly on how capable and reliable a trader is.

[_BlackStar]

there are skills traders needs to acquire in other to be successful in the crypto market, and I will be talking about them, which are;

. patience:
.over leaverage:
. learn how to control your emotions:
. learn fundamental & technical analysis:
. wait for the right set up:
. Be discipline:
. stick to a trading strategy and trust your analysis:

Yes - all of this is advice that has generally been mentioned many times about what traders need to do. Nothing different - it's almost exactly the same as other users' advice. I tend to expect you to provide advice based on knowledge and experience rather than the general advice above - perhaps no longer considered helpful for most experienced traders.

[mirakal]

Traders must be well-rounded when it comes to learning acquisition and skills, creating right and positive attitudes towards trading, and having that confidence to trade even when others are hesitant and fearful. To make it simple, traders should always have an edge over other individuals as trading itself is not that easy to succeed, to earn and to gain fulfilling profits.

However, I’m not saying that traders should be on top of the others but traders need to gain exceptional learning and skills if they want successful and profitable trades. While it can be hard for majority, but it becomes easier for those who have deep passion to trade and for those who are really determined to build their career in trading.

[LastKiss]

there are skills traders needs to acquire in other to be successful in the crypto market, and I will be talking about them, which are;

~snip~

Yeah lots of skills that we must learn and everything needs time to learn, however lots of people will get bored when they should learn lots of skills especially when it takes time. We can try trading immediately with funds that we can afford to lose so when we practice our analysis we can earn some profit if our decision is correct. We often hear that with trading we can earn more than when we work full time but if we're already good at trading so it's better to keep working along with learning trading.

[Wapfika]

Yeah lots of skills that we must learn and everything needs time to learn, however lots of people will get bored when they should learn lots of skills especially when it takes time. We can try trading immediately with funds that we can afford to lose so when we practice our analysis we can earn some profit if our decision is correct. We often hear that with trading we can earn more than when we work full time but if we're already good at trading so it's better to keep working along with learning trading.

Being bored on things that involves money such as investment and trading is the stupidest things to do. You shouldn’t start risking your money if you are bored on the basics to make you successful on getting consistent profit since trading is a choice and not a must. No one force you trade that’s why you have a choice to skip if you don’t like studying anything related to trading.

But this is really happening in reality that’s why there’s a lot of dumb trader even those who’ve involved in trading for a long time because they just keep randomly buying without understanding the principle and strategy on trading.

[kojektea]

Patience is the main thing that traders must have, because crypto price movements occur every second, if you are impatient and panic, it will certainly be very detrimental because you haven't reached the right moment when to throw away and when to buy, and greed is also an important factor. change everything when we have made a profit which in the end is impossible to remain grateful for what we got is much better even if it is a small amount

[Viscore]

Yes all these do play important role I must say. But the main thing that a trader needs to keep it in their mind is the patience. If you don’t have patience, then no matter how you trade. You won’t be able to make good profits. You can try many strategies, but in order to make profit from the market, you have to keep patience I must say. Patience plays very vital role and it determines the outcomes very often. If one masters the art of patience then definitely he will make great profits.

I certainly agree that being patient when trading will most likely help you gain a positive outcome rather than being eager to gain quick profits every time you decide to trade. The crypto market is never certain, so you have to adjust at most times, but if you are patient enough to wait for the right time to trade, your trading outcome will definitely be certain, that is making your trades profitable and successful every time you trade.

[lalabotax]

This is a unity that traders must have. And actually, the basic thing that is also very important is knowledge about trading. Trading is something very complex, yes, the knowledge is not just about crypto in general. But it is more specific and complex. things such as: fundamental and technical analysis must be understood too. Moreover, technically, traders must of course have prior knowledge about market analysis, indicators, how to read charts on the market, how to take positions, set margins, leverage, SL/CL, and so on. Because this knowledge is a trader's capital to be able to carry out trading activities well.

afterwards, as explained by the OP, related to emotional control, patience, various decision considerations, and so on. This is a unity that cannot be chosen by one. It must be sustainable. That is why trading is not easy and not for everyone.

[ScamViruS]

Patience is the main thing that traders must have, because crypto price movements occur every second, if you are impatient and panic, it will certainly be very detrimental because you haven't reached the right moment when to throw away and when to buy, and greed is also an important factor. change everything when we have made a profit which in the end is impossible to remain grateful for what we got is much better even if it is a small amount

Patience plays a very important role in trading, a trader must have patience to be successful, without patience one cannot gain knowledge about trading because to gain knowledge about trading one has to spend a lot of time reading about trading, after that to get expected results by trading, and patience is required.

All those who are new to trading think that trading is very easy and this is their misconception, which leads to huge losses before realizing it. A trader needs to have knowledge of these things patience, trading knowledge, money management, greed control to be successful in trading.

[famososMuertos]

In the reality of commerce, or any activity you undertake, these points are always necessary, there are people who are dedicated to commerce but in their daily lives they have not done anything similar, they may even never have responsibilities to pay bills, etc.

Trading is highly stigmatized, but the reality is that by properly managing funds, it is enough to start gaining experience, and then you will understand what skills you should strengthen.

[GeorgeJohn]

Basically what thread in Need Is understanding and it is obvious but many people who is into trading don't like to understand the concept of trading before the image into trading so it is understanding and also adversible for we as a beginner to study the rules and the regulation of threading before we go into it some of the point you outlined is very important for someone to know as a trader before the person assume to trading so therefore I will encourage whoever that is interested in Trading to at least know the advantages and the disadvantages of trading before the person should enter trading with its capital.

[lombok]

I believe the points OP conveyed were very good and helpful. This certainly has a positive impact if we are disciplined in carrying out each point, but sometimes passion or emotion will sway us to avoid certain points that result in failure or loss.

Of course, activities that are repeated continuously and of course without violating any points and staying on track will provide positive results.

[stadus]

All those things you listed OP are necessary for a trader to succeed. However, I think the most important concern is learning on how to control your emotions. Not all traders are capable to control their emotions even those long time traders in the market. This is the reason why despite of their expertise, they still experience inevitable losses due to high emotions that they fail to avoid.

Nevertheless, there is no perfect trading or a perfect trader. But if you know how to control your varied emotions, that is already close to perfection, an edge over other competent traders.

[Mpamaegbu]

. patience: in trading patience is on of the skill required for you to be successful.

I was given to understand the place of patience as a virtue in this industry. I learned that to take trigger a trade one must wait for that candle and its timeframe one is watching to run out its full course and close. It has to close before one can execute a trade. Otherwise, there could be a last minute change in the bias of the market.

.over leaverage:
. learn how to control your emotions:
. learn fundamental & technical analysis:

Those three can't be overemphasized due to their importance in trading even if they're enumerated countless times. It's said that no matter how enticing and tempting you think your set-up is, don't over leverage on your position. That's true. Whenever we pick a trade we should always remember the place of market manipulation in it. We shouldn't leave anytime to chances. We ought to know how to safeguard our capital.

. wait for the right set up: don't just trade because you want to, trade only when you see the right set up.

Pro traders will tell you that not trading is also trading. I quite agree with that because it retains one's capital. One of three things happens whenever a trade is triggered  – It's either it runs into profit or it goes into loss or it breaks even (BE). BE is when a trader is taken out at entry price so they don't incur any loss or make any profit.

[Hamza2424]

OP what is this, you've created a long list of the important terms and skills every trader must have you haven't answered the core of your own question, What does a trader know? Hmm is what you wrote is the answer?

Haha, Becasue what I think is a trader must know that he's a trader until or unless he realizes that he's a trader he is not able to fetch any of the attributes OP you've mentioned. I know I know this is a stupid concept but this is the only concept bro. Like my teacher of English he always used to say keep it simple that's the reason I've kept it simple. Hehe sorry sir I respect your contribution but this is old stuff so I thought why not to put some spice into it.

[Renampun]

Being patient helps you wait for the best opportunities while keeping leverage in check prevents sudden losses. Emotions like fear and greed can mess with your decisions so it's important to stay cool-headed.

this is the reason why every trader must train their patience, patience in trading is not easy, especially since we are forced to remain consistent under the various pressures we receive, many great traders say if you don't want to enjoy the process then don't be a trader because the truth is a trader is formed from a long arduous process, you must be patient in all your trading activities, don't let greed cloud your emotions, that is a trap.

Also discipline  keeps you on track with your strategy and trusting your analysis gives you the confidence to stick with it. It's like building a sturdy ship to sail through the ups and downs of the crypto waves

that's right, people who are disciplined in every strategy they carry out in trading definitely have the opportunity to always make bigger profits than those who are not disciplined at all, trading is not an easy thing if we do it without discipline.

[Hyphen(-)]

I believe the points OP conveyed were very good and helpful. This certainly has a positive impact if we are disciplined in carrying out each point, but sometimes passion or emotion will sway us to avoid certain points that result in failure or loss.

Of course, activities that are repeated continuously and of course without violating any points and staying on track will provide positive results.

Yes, the points are clearly valid and if strictly followed by any newbie trader there will be positive outcomes in their trading journey. But do you know that all these points are not for lazy people who are just into trading to make some money through the signals they just get from some traders that may claim to experts?
To be a successful trader, you are not supposed to be lazy, and you will have to tighten up and do research and learn every day so as to always have any good updates about any advanced strategies that will bring good profit while trading.