With good psychological behaviors can one remain consistent with random signals?

[Luizwalter Crypt]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.

Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think

[Oshosondy]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

Anyone can provide trading signals. Even someone that is not good at all in trading and losing can provide signals. It is better you learn how to trade than to be disappointed in signal providers. Signal providers only cares bout their pockets and they do not care about you or your money at all.

Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think

If you want to trade profitably, you need to first start with disciplining yourself. Learn risk management. Start with very small amout of money. Learn how to control you emotions. Learn how to use just low leverage. Avoid shit coins. Having good experience in trading can take a year.

But always know that trading is very risky.

[TheUltraElite]

The first behavior to apply is to stop going to signal providers.

The people who run such groups will take money for no reason as "membership fee" with or without recurring fee and then dump their shitcoins on you so they can create a fake demand and sell their coins. These two are the methods commonly used by such scammers to get money.

They are rampant because nobody wants to learn trading the hard way or actually do dummy trading to get an idea of how the market works.

[Luizwalter Crypt]

The first behavior to apply is to stop going to signal providers.

The people who run such groups will take money for no reason as "membership fee" with or without recurring fee and then dump their shitcoins on you so they can create a fake demand and sell their coins. These two are the methods commonly used by such scammers to get money.

They are rampant because nobody wants to learn trading the hard way or actually do dummy trading to get an idea of how the market works.

Yes I think you have a point there.
I just wonder why I keep meeting good market analysts not being consistently profitable in the market and I thought there's something they have to put together to achieve that.

[retreat]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

People who rely on signals are people who don't want the hassle of doing analysis and just want to receive orders and then use them in their trading. This is not trading, this is just gambling your money on the market, because you are only using other people's analysis which could be totally wrong and result in losses for you. It's better to learn technical and fundamental analysis, then build your experience and psychology in the market, if you can do this, then you don't need signals anymore in your trading because you, with your knowledge, are able to make the best decisions for your trading.

[Eternad]

I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.

Obviously those who become successful on short time span takes more risk and manage to overcome it with their strategy. But that doesn’t mean that they can keep doing it on longer time span consistently with the amount of risk involved to quickly gain profits.

Those user that choose the slow path usually use a strategy that only involves small risk using high capital. Consistency in long term is really the best way in trading since you lose all your 2 years profit with just few bad trades due to the risk you are taking.

At the end of the day, the duration of you profit consistency is more important.

[BitMaxz]

Yes I think you have a point there.
I just wonder why I keep meeting good market analysts not being consistently profitable in the market and I thought there's something they have to put together to achieve that.

All information that you can get on YouTube or Google is not 100% guaranteed will help you become profitable you need to find it for yourself, and the strategies you get online are just ideas you need to test yourself  in order to avoid losses in the future you need to test your skills first on paper money and learn the basic until you discover a strategy that works for you once you found that thing then you need to focus on that strategy and improve and optimize it until you find the sweet spot before you can be a profitable trader.

And take note there is no trader that consistently profitable look at those who are making a profit even if their win  rate is 50% those people are those who actively trade on every signal or pattern they found even if their win rate is low they always make a profit because they have a risk management this is the thing you should focus because there is no 100% profitable strategy if you have a management risk you can limit further loses and be profitable.

[348Judah]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

Even if you're to make use of the technical and fundamental analysis we have in trading or tracking the market price, you will still need to do your own research, this will help you to know what more better and apply the right method to use, we also have to understand that either we make use of the random signals or the technical fundamental analysis as the case may be, we have to either be on the winning or losing as we cannot afford to always be accurate or inaccurate about the signal used.

[Zadicar]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.

Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think

I would rather prefer the other one on which you would really be needing rather on having that understanding and own analysis in regarding TA+FA on which this is much more worth rather than
on spending your time on following some random signals that you do see or hear of. Why? Just like on what those people been saying above that when it comes to signals then it would neither be
that totally having no analysis applied or simply random and intuition and to those who do have which you could really actually make on your own. I would rather prefer on having that loss of profits
with my own methods and ways rather than on following someones calls and analysis which it would really be leading out some regret.

On the moment that you would really be using on your own then you would really be making your trading knowledge and analysis way more better as you do go forward
on which this is something a skill that cant really be taken away from you, plus you would really be that making yourself that lot more better and could stand alone without
relying on someone on the moment that you would be making up trades.

[Ndabagi01]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

A trader can make it with just random signals and most of their traders are not ready or don’t have that time to learn the basics of the market. They pay to get the signals and once it’s not profitable for them, they must have earned a lot or stop subscribing to that particular person’s own. You’ll need a lot of money for this, because you can lose everything in one trade because money management is not most involved here and are mostly going for full margin which is the most risky but is taken because of quick profit they want to make.

I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.

The brain which we use to learn and assimilate things is not the same and that is a distinguished characteristic that is very obvious in today’s life. Some can take lesser time than you think and will be profitable immediately. Just have in mind that, within a period of time you’ll also become profitable if you don’t give up

[stomachgrowls]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

Even if you're to make use of the technical and fundamental analysis we have in trading or tracking the market price, you will still need to do your own research, this will help you to know what more better and apply the right method to use, we also have to understand that either we make use of the random signals or the technical fundamental analysis as the case may be, we have to either be on the winning or losing as we cannot afford to always be accurate or inaccurate about the signal used.

If ever you would really be planning on following someones analysis then you should really be that doing on your own too on which it would really be that normal that you would really be that amaze on how others been making their own analysis specially if you are really just that starting on dealing up with this market then you would really be that confident that they are making much more better than yourself but it would be that ideal that you should be making on your own too because just like on what mentioned above that if ever that you would be having a losing trade then you wont really be that regretting much because you do know that it do came from you and not for others on which it would really be that different if you are someone whose that been relying with others analysis.

If you do find out that you are profitable with those kind of following method then you would be normally be sticking out but if its not then its time for you to make on your own.
You dont need to be relying with others analysis if you could make your own and in terms of others ideas then snipping out some parts of it would be also significant.

[mirakal]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

Anyone can provide trading signals. Even someone that is not good at all in trading and losing can provide signals. It is better you learn how to trade than to be disappointed in signal providers. Signal providers only cares bout their pockets and they do not care about you or your money at all.

Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think

If you want to trade profitably, you need to first start with disciplining yourself. Learn risk management. Start with very small amout of money. Learn how to control you emotions. Learn how to use just low leverage. Avoid shit coins. Having good experience in trading can take a year.

But always know that trading is very risky.

You got it right there. Profitable trading does not rely mainly on trading signals, since it can never guarantee profitability, but it's more on how you will improve your trading skills and strategies, and adapt self-discipline that will help you avoid too much losses in trading. Trading signals are not made for us to maximize our profits, but more likely to increase our losses every time we fall on the traps of these trading signals providers. So don't too paranoid on how trade successfully following random trading signals, but focus more on learning good market analysis and calculated risk management. Don't trade for quick profits, but trade one step at a time until you start trading like professionals.

[muncuss]

Yes I think you have a point there.
I just wonder why I keep meeting good market analysts not being consistently profitable in the market and I thought there's something they have to put together to achieve that.

because it is a free market? In controlled market you can get consistent profit but free market there always uncertainty in the result no matter how good those analyst

[OcTradism]

I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others.

You say about consistently profitable trading result which is not matched with trading result for short term.

So consistent profitable trading result in short length of time is a wrong thinking. When you say about consistency, it should be for net trading result in a long term to be accurately.

Emotion and psychology are important for traders and their decisions but emotional effects possible are short term but psychological effects are possibly long term. Traders will move from emotional decisions to psychological decisions, from short term to long term effects by emotional / psychological effects.

If they let these effects affect them, they will not get good trading results.

Psychology of a Market Cycle – Where are we in the cycle?

[Stepstowealth]

Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?

Knowledge from this forum has exposed to me that psychology is a huge aspect in trading and that traders who are quickly able to achieve mastery of their psychology will take no time in becoming good traders in the market if they are able to follow the lessons on fundamental and technical analysis.

What brings about consistency? Good psychology or years of experience. What do you think

From my point of view I think interest brings consistency because whatever you are very interested in you would always check on it even without being told. So if you're someone who is interested in trading it will be easy for you to build consistency with it and learn faster but if you are someone who was pressured into picking up trading consistency may be difficult for you to develop.

[SamReomo]

If you want to be a good trader then you should first stop following any signals or signal groups as those are just created to get some liquidity to a coin so they can exit with profit. Especially those random signals that one gets from those meme coin promoting groups.

If you want to be a good trader then psychologically you should keep in mind that trading requires experience and control over ones emotions like greed and fear. If you can't control those emotions then you won't make profits as a trader.

I've been a trader for a long time now and each new trade teaches me something new. That's why I can surely say that as a trader one should also observe the market carefully and only open positions when he/she is sure that there's going to be some profitable candles.

That surety will come from years of experience of trading and of research. Even when you're 100% sure there can still be some uncertainty or errors that you may face and that's why one should use stop losses from time to time in order to not get his/her account emptied.

[fullhdpixel]

If you want to be a good trader then you should first stop following any signals or signal groups as those are just created to get some liquidity to a coin so they can exit with profit. Especially those random signals that one gets from those meme coin promoting groups.

If you want to be a good trader then psychologically you should keep in mind that trading requires experience and control over ones emotions like greed and fear. If you can't control those emotions then you won't make profits as a trader.

We can't start and become good at the same time, so it's not wrong to learn from others, besides, not all groups like that are paid and there are also legit ones. In everything that we do, we must also be psychologically prepared, so I wonder why it is only highlighted here in the trading scene. I know trading is hard but it mainly means hard to understand. Some are already psychologically prepared but that is not enough for them to start trading.

I've been a trader for a long time now and each new trade teaches me something new. That's why I can surely say that as a trader one should also observe the market carefully and only open positions when he/she is sure that there's going to be some profitable candles.

Obviously mate, this is what trading is all about (about doing a market analysis) in order to help you trade better. I only find it interesting that you can learn new things each time you trade. I wonder if what are those things. Care to share an example of it?

That surety will come from years of experience of trading and of research. Even when you're 100% sure there can still be some uncertainty or errors that you may face and that's why one should use stop losses from time to time in order to not get his/her account emptied.

There is no such thing as surety. You even said it on your second sentence. That is only normal though and nothing to worry about but using a stop loss can sometimes be optional or can depend on the experience of the trader, as I've heard many pro traders don't use it anymore and they can now trade even better.

[Slow death]

With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

knowing about technical analysis and fundamental analysis is something very important, but for trading, a person, even if they study for many years, even if they spend every day in front of a computer screen, will suffer losses and frustrations, just ask yourself the following: if you were today a successful trader, someone who managed to make a profit every day in the financial market with day trading, what would you do? Would you waste your time creating a Telegram channel to send signals to your customers or would you be traveling all over the world for tourism, seeing the best places in the world?

I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.

Have you personally seen these people who say they make consistent profits by trading? Did these people who trade and make consistent profits show you any proof? because in my opinion, people don't make a profit trading. they profit from courses, from selling signs, from YouTube channels. but they don't profit from trade

Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think

Don't be fooled by trading, all those people who say they make money from trading are lying, investing is the way you can make money, and invest in the long term, it's true that it requires a lot of patience to make an investment, but it makes a profit when you do it. due research and investing in good assets, while trading makes people lose money

[yhiaali3]

I do not expect a trader to become consistent in the market by learning some trading tips with well-organized psychological behaviors as you say, of course the trader needs some advice and needs to have good psychological behaviors but he needs to gain experience and constantly develop his skills.

Therefore, in my opinion, the personal qualities of the trader, in addition to years of experience, play the main role in turning him into a successful trader, both are necessary.