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Author Topic: Some qualities a good trader should have  (Read 1446 times)
ndutndut
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November 20, 2024, 06:57:23 PM
 #101

Actually, this trade is similar to business, in trading the things we must have are knowledge, good financial management and good emotional control. In addition to what OP mentioned, Trading is about knowing yourself and improving yourself.

Usually a beginner in trading must have initially experienced a lucky stage, they made a profit when they first entered. But after that they feel good, feel trading is easy but the next day they lose, the next day they lose again, this is all because they are controlled by emotions which results in losses and finally they feel full losses. Remember, success achieved through shortcuts will also only be felt in a short time. In trading, the hardest thing is fighting yourself, so we have to fight all of this so that in the future you can become a good and quality trader.

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November 20, 2024, 10:28:16 PM
 #102

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.

A traders that has a successful control over his emotions has solved one of the main problems that many traders are facing because they can't keep aside their emotions from the decision they take. There should be some quality that you'll have and you'll be seen as someone that can have a successful journey as a trader. A disciplined individual is going to be a good trader and so will a smart individual too hence we don't have to wait until someone starts trading to see the potential in them.

Being a smart observer and not a procrastinator is some of the quality a good trader most possess. I think most of the quality of a good trader can be learnt hence there isn't anyone left out as if you want to become a successful trader, you can train yourself with or without a mentor and get to the goals you set.

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November 21, 2024, 01:56:10 PM
 #103

Usually a beginner in trading must have initially experienced a lucky stage, they made a profit when they first entered. But after that they feel good, feel trading is easy but the next day they lose, the next day they lose again, this is all because they are controlled by emotions which results in losses and finally they feel full losses. Remember, success achieved through shortcuts will also only be felt in a short time. In trading, the hardest thing is fighting yourself, so we have to fight all of this so that in the future you can become a good and quality trader.
That is why it is very important for beginners to have understanding of trading very well, because many beginners normally allow emotions to make them feel they have arrive when they make a good profit from their first trade, and this gives so much confidence that such profit can always be made in every trade. trading is very much unpredicted, it is very possible for a beginner to make a fine profit.

it so unfortunate  that most beginners fall for this because their ultimate interest is just to make profit first and in trading when their is no better profit it is very difficult to make profit instead one will rather be at lose.

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November 21, 2024, 02:30:53 PM
 #104

That is why it is very important for beginners to have understanding of trading very well, because many beginners normally allow emotions to make them feel they have arrive when they make a good profit from their first trade, and this gives so much confidence that such profit can always be made in every trade. trading is very much unpredicted, it is very possible for a beginner to make a fine profit.
Beginners in this market, if luckily enough, will be taught about risk of trading and succeed to avoid trading. If they know about risk of trading, avoid trading as beginners, they can avoid a lot of mistakes in trading which cost them financially, not just like making mistakes and moving onward like nothing happened.

In trading, you use your money for trading and if you did bad trades, you paid high cost by losing your initial trading capital. When things are related to money, it's not like saying "I am sorry for this mistake, and I won't repeat it next times".

It's terrible if a newbie trader used leverages, and lost most of capital by market and exchange liquidation. It's nearly no chance to recover if that beginner is weak mentally and lack of discipline in trading.
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November 21, 2024, 03:43:19 PM
 #105

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.

A traders that has a successful control over his emotions has solved one of the main problems that many traders are facing because they can't keep aside their emotions from the decision they take. There should be some quality that you'll have and you'll be seen as someone that can have a successful journey as a trader. A disciplined individual is going to be a good trader and so will a smart individual too hence we don't have to wait until someone starts trading to see the potential in them.

Being a smart observer and not a procrastinator is some of the quality a good trader most possess. I think most of the quality of a good trader can be learnt hence there isn't anyone left out as if you want to become a successful trader, you can train yourself with or without a mentor and get to the goals you set.
It is very important for a trader to keep his emotions under control while trading. Because trading on emotions will always lead you to losses.
Because if you trade on emotions, you will never be able to make the right decisions, because emotions will not allow you to do proper research, and you will continue to trade in a messy way.
Therefore as a trader, discipline, patience, and observation are very necessary, and for this you have to learn everything well first, to become a successful trader you have to keep yourself continuous learning and improvement.
Personally i think, The most important thing is confidence and consistency, you have to believe in yourself that you will definitely be a successful trader. Your self-confidence has to be very strong, and your goal has to be unwavering, and you have to continue working according to that goal.
When you can believe in yourself, then you can do everything. Nothing is impossible if you believe in yourself that, you can do that...

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November 21, 2024, 08:38:01 PM
 #106

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.

A traders that has a successful control over his emotions has solved one of the main problems that many traders are facing because they can't keep aside their emotions from the decision they take. There should be some quality that you'll have and you'll be seen as someone that can have a successful journey as a trader. A disciplined individual is going to be a good trader and so will a smart individual too hence we don't have to wait until someone starts trading to see the potential in them.

Being a smart observer and not a procrastinator is some of the quality a good trader most possess. I think most of the quality of a good trader can be learnt hence there isn't anyone left out as if you want to become a successful trader, you can train yourself with or without a mentor and get to the goals you set.
It is very important for a trader to keep his emotions under control while trading. Because trading on emotions will always lead you to losses.
Because if you trade on emotions, you will never be able to make the right decisions, because emotions will not allow you to do proper research, and you will continue to trade in a messy way.
Therefore as a trader, discipline, patience, and observation are very necessary, and for this you have to learn everything well first, to become a successful trader you have to keep yourself continuous learning and improvement.
Personally i think, The most important thing is confidence and consistency, you have to believe in yourself that you will definitely be a successful trader. Your self-confidence has to be very strong, and your goal has to be unwavering, and you have to continue working according to that goal.
When you can believe in yourself, then you can do everything. Nothing is impossible if you believe in yourself that, you can do that...

Yes, i do agree that emotion control would really be that relevant on the moment that you do deal up with trading because no matter how good you are in terms of technicality and theories but if you cant be able to stop yourself on being impulsive due to that kind of volatility of this market and you do made out that reaction then it will really be leading up with that kind of impulsive actions on which it will really be leading up into
such potential negative results or outcomes. Somehow there's no guarantee that even if you are on a calm mood and followed up your plans or strategies doesnt really give out that 100% precision but having no plans or disruptive kind of condition will really be leading out with those situations on which that you cant be able to bare up yourself and ending up on having that forgotten strategies.

On what i have said above that it will really be that inevitable that you will really be able to learn things accordingly on which on the time or moment that you do find yourself dealing up with trading
then you could be able to learn up things accordingly on which if you wont really be that careful then you do really end up on having that kind of negative results on severe manner.
So better be wary into your actions and learn up accordingly.

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November 22, 2024, 08:28:03 AM
 #107

It is very important for a trader to keep his emotions under control while trading. Because trading on emotions will always lead you to losses.
Because if you trade on emotions, you will never be able to make the right decisions, because emotions will not allow you to do proper research, and you will continue to trade in a messy way.
Therefore as a trader, discipline, patience, and observation are very necessary, and for this you have to learn everything well first, to become a successful trader you have to keep yourself continuous learning and improvement.
Personally i think, The most important thing is confidence and consistency, you have to believe in yourself that you will definitely be a successful trader. Your self-confidence has to be very strong, and your goal has to be unwavering, and you have to continue working according to that goal.
When you can believe in yourself, then you can do everything. Nothing is impossible if you believe in yourself that, you can do that...
Emotional trading is something way too many people do and we need to learn to prevent that. It takes time but it happens, I know that for newbies that may sound like how you could be separated from your emotions as a human being because emotions are what makes us alive, but believe me when you are bored at what you do, sometimes you do it like a machine.

Do you think some McDonalds fry end up doing everything with emotions? Or a construction worker does that? Or an accountant? Marketing person? Nobody really has any emotions left after a while, they just do what they do because they want the money in the end that comes with the job.

Trading becomes like that, for some people that's just six months, for some that's ten years, it depends, and very few never lose their emotions, but most do. So just give it time, learn and study how to trade and eventually you are going to end up with zero emotions and a lot of knowledge about how to be trading in crypto world.

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December 14, 2024, 03:47:13 PM
 #108

Here are some qualities a good trader must possess:

A good trader must have a good foundation.
A good trader must have a enough knowledge and understanding on trading, he will also have good skills and experience that he will use in terms of trading.
A good trader must be selfless and not greedy, he must be contented with what he has.
A good trader must be motivated, he must have confidence in himself, and say no to fear so that he can overcome all the difficulties and challenges that comes his way.

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December 14, 2024, 04:53:53 PM
 #109

Trading is not easy to one. We will know about the trading information. Trading is profitable. But we know the trading how it will be working. Before investing Frist lear the marketing details how it will be working. Market price any time to up and down it not easy to guess the trading and market price. Before investing tha trading we need to learn the detail. Trading knowledge give more ideas and profit.
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December 15, 2024, 10:13:12 PM
 #110

Trading is not easy to one. We will know about the trading information. Trading is profitable. But we know the trading how it will be working. Before investing Frist lear the marketing details how it will be working. Market price any time to up and down it not easy to guess the trading and market price. Before investing tha trading we need to learn the detail. Trading knowledge give more ideas and profit.
Most beginner think trading is an easy thing that give fast money just because they see traders making money from it they think it doesn’t require much work other than just the capital you put into it, the risk involved is very high than there is no guarantee of success even for experts. It’s a 50/50 chance of success but with adequate knowledge you can minimize the risk to some extent. Just as you said it is more profitable when you know what you are doing but also it can drain your money easily when you’re not familiar with how it works.

Firstly as a trader what you need to do is to first seek for knowledge to at least understand the basics of trading and market fundamentals they will help you in your decision making process as you progress through your trading but this is what most new traders fail to understand they are just blinded by the amount of money they can make from trading instead of focusing on learning.

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December 15, 2024, 11:44:30 PM
 #111

Yes I agree that trading is not a lucky activity, most of the success in trading depends on how smart you are and how strong your intention is to continue learning, in trading there is no skill and knowledge then there will be no profit either, I understand that maybe you can get profit but most likely it happens because you are lucky at that time, but in the long run it is certain that trading without being based on knowledge and skills will eventually only make you lose a lot of money.

It can be said that discipline and consistency in learning are the keys to success, and besides that training mental and psychological is also something important to do so that you avoid what is called doubt when opening a trade, actually everyone can be a good trader and have the opportunity to be successful but usually the problem is not all of them are serious about learning.
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December 16, 2024, 09:26:38 PM
 #112

Trading is not easy to one. We will know about the trading information. Trading is profitable. But we know the trading how it will be working. Before investing Frist lear the marketing details how it will be working. Market price any time to up and down it not easy to guess the trading and market price. Before investing tha trading we need to learn the detail. Trading knowledge give more ideas and profit.

Trading not been easy is somthing that a lot of us have seen in a very long time and before anyone starts that understanding is suppose to be there already as it profitable then it is not supposed to be made easy, so this are reasons your suppose to look so that you don't have to give up, because we know that it's not easy but the moment the rules are properly followed, the problem encountered are supposed to be properly managed and becoming an expect is suppose to be what we should be focusing on especially when you are new in the business but people want to always take shortcuts I don't know why.

But when you look at people are understanding how the market works, and if you can withstand trading i feel ot will better if they just invest and hold because not everyone can do trading but they just don't want to accept that fact and they need to understand what they actually need to do because a lot of people have made a lot of financial mistakes and this all is because they don't want to learn and when they decide to learn that is only when things will make sense.

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March 30, 2025, 04:28:57 PM
 #113

A positive mindset and proactive actions are the qualities that a trader should possess. The kind of person who cannot easily give up due to just one mistake, and the person who can rise again after a painful loss. Because trading is something that should not be rushed, that is why this is not suitable for someone with low patience. 

Therefore, we should carefully examine ourselves to see if we can endure several days, months, and years in the learning stage with minimal income. Because if we can't handle it, we shouldn't push ourselves, because in the end, we will be the ones to suffer. 

Yes it's "Mindset", for me it's mindset the power and influence mindset has over one's career and overall wellbeing is significantly viewed as a defensive mechanisms towards productivity in trading and other areas of life.
Thereby cultivating a positive and growth oriented mindsets is key to remain focused at all times and cope with strategies that'll boost your progress against initial setbacks and failures.

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March 31, 2025, 08:13:33 AM
Last edit: March 31, 2025, 08:25:27 AM by Koadharber
 #114

A positive mindset and proactive actions are the qualities that a trader should possess. The kind of person who cannot easily give up due to just one mistake, and the person who can rise again after a painful loss. Because trading is something that should not be rushed, that is why this is not suitable for someone with low patience. 

Therefore, we should carefully examine ourselves to see if we can endure several days, months, and years in the learning stage with minimal income. Because if we can't handle it, we shouldn't push ourselves, because in the end, we will be the ones to suffer. 

Yes it's "Mindset", for me it's mindset the power and influence mindset has over one's career and overall wellbeing is significantly viewed as a defensive mechanisms towards productivity in trading and other areas of life.
Thereby cultivating a positive and growth oriented mindsets is key to remain focused at all times and cope with strategies that'll boost your progress against initial setbacks and failures.
If you are someone whose really that having that kind of versatility then you would really be able to make out some adjustment but if you are that trying out to expect something positive towards making money then you will definitely be easily getting disappointed specially on the moment or time that the market do make out that huge loses then it will really be that making you realize that it was never been that easy and not something simple and with that then you would really be able to make out those learnings and you would really be able to find yourself that you do go with the flow. A good trader is someone who do able to make himself that be go with those waves. It would really be just that so normal that loses will be there, but the important thing on here is on how you would be able to sustain.

Traits or qualities will really be mostly talking in regarding about mindset and sustain on which if these things will really be having on you then you wont be that easily giving up for you to trade on. Each person does have that different tolerance when it comes to risks an there are ones who do able to make it through and there are ones who do easily just that simply gives up after they have experienced some loses.
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March 31, 2025, 11:27:51 AM
 #115

Yes it's "Mindset", for me it's mindset the power and influence mindset has over one's career and overall wellbeing is significantly viewed as a defensive mechanisms towards productivity in trading and other areas of life.
Thereby cultivating a positive and growth oriented mindsets is key to remain focused at all times and cope with strategies that'll boost your progress against initial setbacks and failures.

..As well as to properly asses the risks and grow the ability to see through them as well.

Failures are our best teachers, after all.

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March 31, 2025, 12:39:34 PM
 #116

A positive mindset and proactive actions are the qualities that a trader should possess. The kind of person who cannot easily give up due to just one mistake, and the person who can rise again after a painful loss. Because trading is something that should not be rushed, that is why this is not suitable for someone with low patience. 

Therefore, we should carefully examine ourselves to see if we can endure several days, months, and years in the learning stage with minimal income. Because if we can't handle it, we shouldn't push ourselves, because in the end, we will be the ones to suffer. 

Yes it's "Mindset", for me it's mindset the power and influence mindset has over one's career and overall wellbeing is significantly viewed as a defensive mechanisms towards productivity in trading and other areas of life.
Thereby cultivating a positive and growth oriented mindsets is key to remain focused at all times and cope with strategies that'll boost your progress against initial setbacks and failures.
Mindset is the foundation for us to create something that is difficult to achieve. In trading we must have a good mindset and of course with its actions. We can't just think positively, while we don't do anything else like learning, then I think it will also be in vain.

It should be the mindset that makes us more enthusiastic in learning new things that can lead us to success. So everything must be balanced, we shouldn't do all activities, but our minds are filled with pessimistic thoughts. Well, actually it's only ourselves who can create it.
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April 02, 2025, 03:57:04 AM
 #117

Trading is not easy to one. We will know about the trading information. Trading is profitable. But we know the trading how it will be working. Before investing Frist lear the marketing details how it will be working. Market price any time to up and down it not easy to guess the trading and market price. Before investing tha trading we need to learn the detail. Trading knowledge give more ideas and profit.
Trading is complex, take it from me because I've been trading for decades and I know what it feels like if one is not been included in the winning team when trading, it will feel as if your whole world is tearing down apart. There are more thrilling good qualities a trader should possess If he's keen on milking the market. Standing out to be completely different from the rest traders, when the vast number of traders are buying, you're different and selling, this is exactly what a trader that have made extensive research will do.

It's no longer news that market is filled with volatility, the up and down movement of the market, does belong completely to none of us right? We only exists for our very own interest and making comprehend moves to atleast get settled in the market and bringing up substantial earnings.



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April 02, 2025, 06:31:42 AM
 #118

Well although I'm new to this platform I'm not actually new to trading and during the little time that I have been trading I would love to share with you some of the qualities I think a good trader should have
Every trader should have the ability to see the fit in trading and they should be able to face the risks involved in it. Many traders think they can make money quickly so they end up forcing trading in an unhealthy way. Professional traders have the ability and quality to see opportunities in making money and generally they adjust themselves and do not always think about making money.

There are times when they stop and do not trade because maybe the opportunities are not good because the momentum does not give them opportunities. While traders who do not have the knowledge will always be involved in trading because they are unable to see the conditions or opportunities in the market.

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