Some qualities a good trader should have

[Glory001]

Am new here, and with my little knowledge am sure a good trader should have all the patience he/she can get.
Patience is needed, you have to be patience in terms of lost, trading is not always about benefits at all times, you will always run into lost a lot and that might trigger you to want to back out, but with patience you can scale through.

Another thing is discipline,  by disciplining yourself you will have the enablement to purse a goal you have set, and it will help you to be forced at all times.
Trading is a lose and gain thing if you aren't making profit you have to quit.

[alastantiger]

Patience is needed, you have to be patience in terms of lost, trading is not always about benefits at all times, you will always run into lost a lot and that might trigger you to want to back out, but with patience you can scale through.

Another thing is discipline,  by disciplining yourself you will have the enablement to purse a goal you have set, and it will help you to be forced at all times.

Patience and disciplined will help you as a trader to realize your profits. Having patience already means you're disciplined because it's only a discipline trader that can exercise patience with the market. When you have patience it shows you understand the market and you can only understand the market when you have gone through the stages of learning to become a trader. You don't understand the market by just reading without any practice.

Being a disciplined trader, there isn't anything that the market will do that will make you bothered because when losing, you won't be be panicking and when being victorious, you won't be over joyous but stay disciples and keep winning. Some mistakes traders make is to celebrate too early when they haven't taken out their profits, don't do that as a trader.

[tabas]

Am new here, and with my little knowledge am sure a good trader should have all the patience he/she can get.
Patience is needed, you have to be patience in terms of lost, trading is not always about benefits at all times, you will always run into lost a lot and that might trigger you to want to back out, but with patience you can scale through.

This is a low-key character that every trader and investor needs to have. You're right that patience is needed because it's all about proper timing for the trades that we do so we can profit. Without patience, you're bound to lose even us, holders, we're all patient and that's what we've learned for so long that it's an important attribute that someone needs to have in this market.

Another thing is discipline,  by disciplining yourself you will have the enablement to purse a goal you have set, and it will help you to be forced at all times.
Trading is a lose and gain thing if you aren't making profit you have to quit.

It comes up with discipline and I think that when you're patient, you're also disciplined. So it comes with a package after learning one and the other.

[Suman1]

Before anything, what you need to know is how to do proper management of your assets, and before doing so, you should know that you're in the right platform to meet quality projects.

[Mahanton]

1 you should be disciplined

I would say that this kind of trait willl really be the most important thing when you do really make out some dealing up with trading on which you will really be needing up that kind of discipline on the time or moment that you do deal up with some volatility market on which we know that when it comes into this aspect hen self discipline specially on the moment that you are making money is really that something which you would really be needing. There's no way that you could really be able to make yourself that easily makes money without having those kind of trials and different conditions that pertains about making and losing money.
Dealing up with volatile market is never been easy and if you do make yourself that being having no discipline on actions you do take then you do end up on a disaster.

Trading skills isnt something that you could really be able to obtain in a short period of time and it will really be that much needed that proper experience and knowledge on which this is something that not all
will really be not able to make yourself that having be able to obtain such skills without passing up some challenges.

[RockBell]

Am new here, and with my little knowledge am sure a good trader should have all the patience he/she can get.
Patience is needed, you have to be patience in terms of lost, trading is not always about benefits at all times, you will always run into lost a lot and that might trigger you to want to back out, but with patience you can scale through.

You are right about have patience because a lot people lack it as easy as it looks that is how hard it is to keep because you might, and even with you been new you are right about the statement you made, trading is about money because the money is what will actually encourage you to be able to want to do more and that is why when you make profit you are happy you want to do more and when you are sad you feel like quitting, the emotion will determine the direction you will go when it comes to trading and that is why emotional control is very important.

Another thing is discipline,  by disciplining yourself you will have the enablement to purse a goal you have set, and it will help you to be forced at all times.
Trading is a lose and gain thing if you aren't making profit you have to quit.

Decipline to avoid spending to much of your profit is also very important and setting goals thay no matter how difficult you will be able to archive it, a lot of things matters when it comes to trading the lose and gain you are talking about have to be taking seriously.

[lixer]

The mental fortitude is very important for every trader, you must learn to master your emotions. A lot of people blow up their trading accounts because they lack self-control, after losing money in a trade their next approach would be a revenge trade to get back what they lost in the market. Trading without discipline is preparing yourself for setbacks and failure. Always remember to exercise patience, you can't always get back what you have lost in a day sometimes it might take a while but you must learn to manage your emotions.

This is something that has been talked about for many years now, and yet there are so many people who are still not doing it properly, there are still so many people who end up not really making any profit and keep chasing the loss because they fail to do better emotional control.

I do not get why this is so hard but it's clearly very hard and that is why we are seeing this changing a lot of peoples lives as well. I am not saying that we should avoid it all together, or I am not saying I never do it and it's easy or anything, it is very tough to do this and I understand why it's hard because I have hard time even right now after ten years of trading. But I do not understand why it's so hard, like what is it about us humans that we are having this much trouble controlling our emotions. Shouldn't we be able to control our emotions better by this time, feels like we need to be able to do better and get a better result eventually as well.

[pusaka]

The mental fortitude is very important for every trader, you must learn to master your emotions. A lot of people blow up their trading accounts because they lack self-control, after losing money in a trade their next approach would be a revenge trade to get back what they lost in the market. Trading without discipline is preparing yourself for setbacks and failure. Always remember to exercise patience, you can't always get back what you have lost in a day sometimes it might take a while but you must learn to manage your emotions.

This is something that has been talked about for many years now, and yet there are so many people who are still not doing it properly, there are still so many people who end up not really making any profit and keep chasing the loss because they fail to do better emotional control.

I do not get why this is so hard but it's clearly very hard and that is why we are seeing this changing a lot of peoples lives as well. I am not saying that we should avoid it all together, or I am not saying I never do it and it's easy or anything, it is very tough to do this and I understand why it's hard because I have hard time even right now after ten years of trading. But I do not understand why it's so hard, like what is it about us humans that we are having this much trouble controlling our emotions. Shouldn't we be able to control our emotions better by this time, feels like we need to be able to do better and get a better result eventually as well.

This is something that is difficult, but not impossible to do. However, in practice it takes hard work to be able to control emotions well, especially when under pressure because you have just experienced a loss. I cannot deny that I also sometimes experience uncontrolled emotions, but with a little experience I can control it again, and usually I decide to forget everything I mean I avoid not looking at the market or take a break from activities.
Some people continue their activities, even though it will make the situation worse. Because with emotions that are not yet stable while we continue trading, it is likely that our emotions will be even worse.

[cryptoaddictchie]

Theres a different form of trader when it comes to market. Some are those happy with daily gains and out their money on their set trade but some who are able to bag more are those able to hold for a while and waiting for a huge multiplier. Well as for me, I am the one who buy and hold it for long and see where does it take off. Kinda risky but I like a a good trade with high percentage of profits.

[betswift]

Theres a different form of trader when it comes to market. Some are those happy with daily gains and out their money on their set trade but some who are able to bag more are those able to hold for a while and waiting for a huge multiplier. Well as for me, I am the one who buy and hold it for long and see where does it take off. Kinda risky but I like a a good trade with high percentage of profits.

Better to hold if you belive in the coin.
And if you don't - get it off your shoulders.

[john_egbert]

The mental fortitude is very important for every trader, you must learn to master your emotions. A lot of people blow up their trading accounts because they lack self-control, after losing money in a trade their next approach would be a revenge trade to get back what they lost in the market. Trading without discipline is preparing yourself for setbacks and failure. Always remember to exercise patience, you can't always get back what you have lost in a day sometimes it might take a while but you must learn to manage your emotions.

This is something that has been talked about for many years now, and yet there are so many people who are still not doing it properly, there are still so many people who end up not really making any profit and keep chasing the loss because they fail to do better emotional control.

I do not get why this is so hard but it's clearly very hard and that is why we are seeing this changing a lot of peoples lives as well. I am not saying that we should avoid it all together, or I am not saying I never do it and it's easy or anything, it is very tough to do this and I understand why it's hard because I have hard time even right now after ten years of trading. But I do not understand why it's so hard, like what is it about us humans that we are having this much trouble controlling our emotions. Shouldn't we be able to control our emotions better by this time, feels like we need to be able to do better and get a better result eventually as well.

This is something that is difficult, but not impossible to do. However, in practice it takes hard work to be able to control emotions well, especially when under pressure because you have just experienced a loss. I cannot deny that I also sometimes experience uncontrolled emotions, but with a little experience I can control it again, and usually I decide to forget everything I mean I avoid not looking at the market or take a break from activities.
Some people continue their activities, even though it will make the situation worse. Because with emotions that are not yet stable while we continue trading, it is likely that our emotions will be even worse.

Self-discipline is one of the things that may help you to close or open positions in profit.
Because without it, a person will be lost on the market in no time.

[fikrett]

The mental fortitude is very important for every trader, you must learn to master your emotions. A lot of people blow up their trading accounts because they lack self-control, after losing money in a trade their next approach would be a revenge trade to get back what they lost in the market. Trading without discipline is preparing yourself for setbacks and failure. Always remember to exercise patience, you can't always get back what you have lost in a day sometimes it might take a while but you must learn to manage your emotions.

This is something that has been talked about for many years now, and yet there are so many people who are still not doing it properly, there are still so many people who end up not really making any profit and keep chasing the loss because they fail to do better emotional control.

I do not get why this is so hard but it's clearly very hard and that is why we are seeing this changing a lot of peoples lives as well. I am not saying that we should avoid it all together, or I am not saying I never do it and it's easy or anything, it is very tough to do this and I understand why it's hard because I have hard time even right now after ten years of trading. But I do not understand why it's so hard, like what is it about us humans that we are having this much trouble controlling our emotions. Shouldn't we be able to control our emotions better by this time, feels like we need to be able to do better and get a better result eventually as well.

Many traders, newbies especially - they can't do it.
Greed and nerves get the better of them.
But it's definitely viable and possible to stay afloat with a cool head intact.

[FortuneFollower]

Before anything, what you need to know is how to do proper management of your assets, and before doing so, you should know that you're in the right platform to meet quality projects.

Platforms nowadays don't play that much of a role - you will trade on CEXes mostly, or a big DEX if you need the security intact.
Better yet just to be prepared for what can happen out there.

[khiholangkang]

The most difficult thing is to form discipline and form a strong mentality, not greedy and also not afraid when seeing opportunities in front of the eyes, many of us often make mistakes in trading when greed instantly appears, even though what happens to the assets being traded is a bull trap such as in long positions.

I often experience this in my trading, and my soul is still pounding with fear when I already have a position, especially when liquidity and we are limited to the level of liquid peicw positions.

[Ahli38]

1 you should be disciplined  

2 should have good intellectual attributes

3 should have the mental fortitude for trading

Well this is my opinion I'm open for any corrections you may have

You reveal important points that the majority of traders already know, but not all traders can understand these three points or three principles. And actually these three points are connected to each other. Like being disciplined, you actually also need patience or fortitude or you could say emotional or psychological control in trading. Because it is impossible for someone to be disciplined in trading if he does not have proper control in managing emotions in trading itself. And actually being able to control our emotions is also related to our insight and skills in making the analysis itself. Whether technically, sentimentally or fundamentally. Because usually those who lose control in trading are those who don't know what they are doing. They speculate more without careful analysis and just follow trends without knowing why the trend occurs. Usually they are people who panic easily and suffer a lot of losses. We can take steps calmly in trading and maintain our mentality well because we know what we are doing. For example, if we know positive important news that will occur tomorrow which will have a big impact on the market (market sentiment is concluded after a fundamental approach) then we will be able to calmly hold a coin that will be most affected by this important news. Although usually before there is a spike there will always be a quick correction which can make weak people or people who don't know the information come out. And after that, the market moves up and makes people who had left panic and come back in when the price is high.

And one additional point from me that a trader must have is relationships. We must have relationships with many other traders who of course we trust and share information so that we can get information faster than some of the news media out there. Because if we enter when the news has spread then we have lost one step. Well at least this is my opinion.

[Dewi Aries]

Yes, you have mentioned three important points that a trader must have when they want to get involved in the world of trading to achieve success in getting consistent profits every time they run a session, but from the many things that a trader must prepare, I think there are two things that are most important and must be owned by a trader, namely the desire to continue learning to get various new strategies and the second is to have good risk management, the benefit is to keep everything balanced, in the sense that when you succeed in getting some profit, you will still be able to maintain the amount of profit so that it is not lost again in the market, namely with a risk management scenario that you have designed in such a way as in terms of holding back self-confidence and remaining disciplined in planning. Another thing is using a little money every time you open a trading position is also something that is very important to apply and maintain, and also make sure that every decision you make is based on calm thinking and clear reasons.

[Pandu Geddon]

Another thing is using a little money every time you open a trading position is also something that is very important to apply and maintain, and also make sure that every decision you make is based on calm thinking and clear reasons.

When we are very ready to trade or even have traded with some profits, we must have a financial plan. even some traders have made it before they trade. meaning they know how much money they can turn from trading and the funds they cannot use.
If for beginners then it is indeed advisable to use small funds to gain experience and try to understand trading at the beginning. but after starting to master trading, it will be common for traders to finally increase their trading, especially if some of the trades that have been made are successful with profits. surely that makes traders quite confident.

[Gladitorcomeback]

Before anything, what you need to know is how to do proper management of your assets, and before doing so, you should know that you're in the right platform to meet quality projects.

Many people don't understand this, but platforms do matter because there are a lot of factors that you should look at before using a platform. When you want to get into trading, you should find an exchange that you know is trusted and reputable and has minimal fees both for trading and deposits and withdrawals. If you didn't know this, different exchanges will charge you different amounts for withdrawals and for the trades you make. So using the one with the lowest fees and good enough trust should be the best.

Trading skills isnt something that you could really be able to obtain in a short period of time and it will really be that much needed that proper experience and knowledge on which this is something that not all
will really be not able to make yourself that having be able to obtain such skills without passing up some challenges.

It depends on someone's learning abilities, I would say. Many people would learn something within a month, while others might take years to learn. The same applies to trading. For some people, it's very difficult to understand the concepts and ideologies, while for some, things seem to easy to understand and they become efficient in a short amount of time.

[Dewi Aries]

Another thing is using a little money every time you open a trading position is also something that is very important to apply and maintain, and also make sure that every decision you make is based on calm thinking and clear reasons.

When we are very ready to trade or even have traded with some profits, we must have a financial plan. even some traders have made it before they trade. meaning they know how much money they can turn from trading and the funds they cannot use.
If for beginners then it is indeed advisable to use small funds to gain experience and try to understand trading at the beginning. but after starting to master trading, it will be common for traders to finally increase their trading, especially if some of the trades that have been made are successful with profits. surely that makes traders quite confident.

Financial management is the main and most important thing in every activity involving money, opportunities and risks, it has no other use than one thing, namely to minimize the risk of loss, so in trading there are two important things that must be prioritized by a trader, which include learning various things to increase profit opportunities such as strategies and also risk management such as financial management, which as I said above, the benefit is to minimize the risk of loss.

Both of the above must be done optimally for the sake of balance, because it is useless if you have a good way to make a profit but on the other hand you do not have good risk management to minimize losses. Trading using a small budget amount in each trade is always recommended, especially if we talk about beginners who do not have much knowledge about what is right and what is wrong to do in every situation and when you do have enough experience and knowledge, then of course you are free to change your planning such as increasing the amount of budget and others.

[dunfida]

The mental fortitude is very important for every trader, you must learn to master your emotions. A lot of people blow up their trading accounts because they lack self-control, after losing money in a trade their next approach would be a revenge trade to get back what they lost in the market. Trading without discipline is preparing yourself for setbacks and failure. Always remember to exercise patience, you can't always get back what you have lost in a day sometimes it might take a while but you must learn to manage your emotions.

This is something that has been talked about for many years now, and yet there are so many people who are still not doing it properly, there are still so many people who end up not really making any profit and keep chasing the loss because they fail to do better emotional control.

I do not get why this is so hard but it's clearly very hard and that is why we are seeing this changing a lot of peoples lives as well. I am not saying that we should avoid it all together, or I am not saying I never do it and it's easy or anything, it is very tough to do this and I understand why it's hard because I have hard time even right now after ten years of trading. But I do not understand why it's so hard, like what is it about us humans that we are having this much trouble controlling our emotions. Shouldn't we be able to control our emotions better by this time, feels like we need to be able to do better and get a better result eventually as well.

Many traders, newbies especially - they can't do it.
Greed and nerves get the better of them.
But it's definitely viable and possible to stay afloat with a cool head intact.

Emotion is one of the most common problem not only on trading but also in other investment as well on which this is something that will really be that disrupting you on doing your plans or goals because on the moment that emotions do kicks in then it would really be that hard for you to make out such good decision or following your trading plan as well. When it comes into this manner then it will really be that be best that you should really know on how to deal up with these kind of problems because on the time or moment that you will really be that experiencing tons of stuffs then you would really be that making yourself way more better.
You cant really be able to make yourself to be successful if you are that someone who doesnt have that kind of flexible kind of personality and does really hate up on losing or mistakes or failures.

Qualities is something that cant really be known not until on the time or moment that you do able to enhance those skills and qualities on which this is something that you will really be able to discover out
on the time or moment that you have been able to have such kind of experience and able to learn with it.