What makes you a profitable trader?

[traderethereum]

Confidence isn’t enough. It’s nothing if you don’t have the real knowledge, skills, and proven working strategies in trading. You have to be well smart in creating market analysis because your own analysis will be your source on how you perform trading in the market, and what certain coins you prefer to trade.

Trading is never predictable, so as much as possible, you need more focus and determination when trading, and lastly one needs patience and a lot of understanding and positivity. If you don’t make profits this time, at least you learned your lesson and be smarter enough the next time you trade.

You say it with right because without all things you mention, someone will not become a profitable trader. He will just waste his time in trading without any chance to make a profit. He will confuse of what he can do and how to analyze the market and in the end, he will desperate seeing his loss become big. So learning deeper about trading will be necessary for someone who want to become a profitable trader.

Yes, trading is never predictable but if we have all those things, we will know how to analyze the market, we know when to enter and quit the market, and we know how to manage the risk. We will not in rush to trade but we always analyze before we act.

[mirakal]

Being a profitable trader begins with believing in yourself that you can do it,that alone has already make you a profitable trader.

No. How could you believe and trust yourself if you don't have knowledge and experience? Trading is a combination of knowledge, skills, self-control, and analysis. The absence of any of them is surely a failure.

To be profitable, we should spend a lot of time and continue improving our knowledge and skills. This is part of the preparation, and the longer we do it, the better our chances are.

That is why trading is not easy. Many people have tried but failed because they are impatient, and there is no room for such behavior, especially in this volatile market.

[Nothingtodo]

To be a profitable trader one must have psychological and technical knowledge. Although psychological knowledge is much more important than technical knowledge, especially when a trader trades, he must have sufficient skills and ability to control his emotions. If there is a profit after giving a trade, one should refrain from trading without being overly greedy and should trade from the satisfaction of having made a profit.

[Jewan420]

Confidence is very important to become a profitable trader. However, this confidence will not make you a profitable trader. To become a profitable trader, along with confidence, knowledge of market analysis, risk management, emotion control, money you can afford to lose, and discipline are very important. Although becoming a profitable trader is not easy at all, if you can survive in trading for a long time, then maybe you can become a profitable trader one day. For this, you have to be prepared to lose a lot.

[gunhell16]

A profitable trader has a clear strategy and has an ultimate goal in trading. A profitable trader practices proper risk management, emotional control, and has always been flexible and positive despite the negative outcomes in trading. Although I cannot say that I’ve always been a profitable trader, but at least I know now how to maximize my trading returns and lessen those risks that bring me into losses.

You are right to say this dude and I also support you because you really have a point here, that is what all individual traders should really do, but the problem is that they don't
really pay much attention to it.

Honestly, it is not easy to be a profitable trader, this trading is stressful, that is the truth especially if there is a sudden crash that is unexpected. That is why it is not good to use many strategies in trading, it is better to have only one or two, that is okay. Now to be profitable and safe, your assets should only be in the long-term category as traders,
this is the best thing to do and the least risk.

[yudi09]

-snip-

OP can write like this but it does not always mean that they are now genuine, especially if they drop some links that requires joining E.g. a Telegram group as that can be their tactic to gain a customer for their service but I see nothing there, so maybe this OP is different.

Advising people from reading results rather than from personal experience is better to be avoided. Beginners need to balance theory with practice and the most powerful action for beginners in trading is to try on a demo account.
In this trading discussion board there is a topic created by a senior account regarding what beginners should pay attention to in trading. Let me quote it here.

                This is what we are to understand first before we go into trading


• We need to learn and understand the key roles of trading before we go into trading
• To know that trading have advantages and disadvantages
• The risk in trading can lead you to lose whatever you have
• We are to know the market analysis of trading before we join trading
• Most important, to understand the Risk management
• The final, To know when to buy and when to sell

I think most of the newbies doesn't make inquiries before they go into trading, and that has been the reason why they continued to experience losses, making research and understanding the concepts of trading will make people who is new in trading to at least not to loss too much...

[The Cryptovator]

It's not really easy to make a profit from the trading. Because, as we know, when we are buying, someone on the other hand is selling, so each of the traders has their own strategy. I have made my own strategy from the trading, though it doesn't work always. I control my emotions; even if there is a huge dump after my accumulation, I don't care, actually. I am ready to wait longer till I have a profit. Also, I don't put all the money on a single coin or token. So all the holdings won't dump unless the whole market crashes.

I have enough patience right now, which is very important to make a profit from the trading. But I have a weakness; I can't take the right decision at the right time, which drives me to wait longer. However, I still have to try hard, and I can say I will be a profitable trader soon, though I am not a loser anyway.

[coupable]

Patience is the most important key for a successful trader. The more patient a trader is and the more able he is to control hos emotions, the greater his chances of making profits, especially given the volatile nature of cryptocurrency prices. Other important factors can help, such as diversifying your portfolio and setting limits, but they are all useless if the trader is impatient.

In general, it cannot be guaranteed that every trader who adheres to certain rules will be successful. This is simply because in trading, no one wins if no one else loses. This means that there must be losers, and there must be winners. Your primary task as a trader is to make money off another trader's lost money.

[CroverNo01]

To be a profitable trader one must have psychological and technical knowledge. Although psychological knowledge is much more important than technical knowledge, especially when a trader trades, he must have sufficient skills and ability to control his emotions. If there is a profit after giving a trade, one should refrain from trading without being overly greedy and should trade from the satisfaction of having made a profit.

We've encounter more challenges than we could possibly imagine since we finally decided to trade. Do you know what makes us profitable trader in the market? Been profitable, is all about to be eligible to withdraw our profits whenever we hits our TP. There are obstacles that tends to obstruct our good movement in the market. Been a profitable trader, one needs to be consistent and determined for the possible outcome that will be recorded in the system. Greed also kill our ambition because trading without witnessing the profits flowing in, one ought to make a stand.

[goldkingcoiner]

I do not sell on FUD (Fear, Uncertainty and Doubt) nor do I buy out of FOMO (Fear Of Missing Out). Following those two rules alone would ensure to make you a better trader than 90% of people calling themselves traders today.

Everything else is luck and weighing probabilities.

[Gaza13]

To be a profitable trader one must have psychological and technical knowledge. Although psychological knowledge is much more important than technical knowledge, especially when a trader trades, he must have sufficient skills and ability to control his emotions. If there is a profit after giving a trade, one should refrain from trading without being overly greedy and should trade from the satisfaction of having made a profit.

I think the combination is a unity that cannot be separated when we trade all are united, it is important for us to never stop learning and we should indeed continue to learn to increase our knowledge in developing our trading strategies that suit our style. With us being disciplined and having the experience and patience that he has, I think this is the main key in this to get profit from trading can be realized.

[MusaMohamed]

I do not sell on FUD (Fear, Uncertainty and Doubt) nor do I buy out of FOMO (Fear Of Missing Out). Following those two rules alone would ensure to make you a better trader than 90% of people calling themselves traders today.

Everything else is luck and weighing probabilities.

Don't get FUD beating you down, try to apply Dollar Cost Averaging for investment, not for trading, and you will feel your life easier and more comfortable in this volatile challenging market.

To be immuned against FUD in the market, you can prepare yourself by reading past fud attempts and understand about them as well as realize that market recovered many times after many past FUD.

https://endthefud.org/
https://99bitcoins.com/bitcoin-obituaries/

[justdimin]

Advising people from reading results rather than from personal experience is better to be avoided. Beginners need to balance theory with practice and the most powerful action for beginners in trading is to try on a demo account.
In this trading discussion board there is a topic created by a senior account regarding what beginners should pay attention to in trading.

Balancing is very important, experience is the key to getting better, you can't be a great trader with just theory, but experience itself without proper theory will not be good neither. You can make someone shoot a ball with their heel for ten thousand times, and they will still be worse than below average person who shoots normally on the ball, but if you show them how to shoot the ball, then they can kick it better and then do the ten thousand shots and they will be amazing at it.

This is how NBA players work out too, they hire shooting trainers and do 10 thousand shots and get better, why hire someone if you could just shoot at home gym and be better? Because you need to learn the theory AND also gain experience.

[Coyster]

You can believe all you want that you can do it, but if you don't put in the work and effort to learn the skills necessary to get the job done, then you'll be a failure in trading or any other thing for that matter. Trading is not as easy as some people make it out to be, even the most skillful traders are not profitable all of the time, there are also other important things other than skills, like how well you manage risk, etc.

[hyudien]

There have been many examples where beginners immediately trade based on self-confidence without understanding the market and in the end most of them fail and experience losses this is also triggered because they think trading is easy just BUY/SELL but in reality it is not that easy even professional traders can still make mistakes and experience losses, for me there is no shortcut to success and self confidence alone is not enough if it is not balanced with the right understanding and knowledge when trading.

[yudi09]

-snip-

Balancing is very important, experience is the key to getting better, you can't be a great trader with just theory, but experience itself without proper theory will not be good neither. You can make someone shoot a ball with their heel for ten thousand times, and they will still be worse than below average person who shoots normally on the ball, but if you show them how to shoot the ball, then they can kick it better and then do the ten thousand shots and they will be amazing at it.

Successful traders come into this risky world not in a state of being successful. They come and walk on a path that is not always straight but they walk through steep and sharp gravel. When they have reached the peak of their success if the measure is the wealth obtained, then at that time they still face the name of losing some of the money traded.

Professionally they are recognized not admitting to the public that they are professional traders who are already rich.
We can only do something as much as we can, don't force ourselves to do more.

[harapan]

A profitable trader has a clear strategy and has an ultimate goal in trading. A profitable trader practices proper risk management, emotional control, and has always been flexible and positive despite the negative outcomes in trading. Although I cannot say that I’ve always been a profitable trader, but at least I know now how to maximize my trading returns and lessen those risks that bring me into losses.

Exactly overtime I have believed that traders seems to generate losses based on the fact that they ain't being strategical about a whole lot as pertaining trading and moreso every trader sees things from a different point of view so by being a profitable trader you need to apply strategies that will make you skyrocket in your trades, it involves applying alot of skills mostly when you must have had a ground knowledge about trading and know that it sure involves a huge risks and so you must get to understand how all of this works to be profitable.

[Dunamisx]

What makes you a profitable trader are many, we can start from your experience in trading, your trading strategy, the coins you trade, the frequency to your trade and how accurate you have been on some of your trades over time, we ha be to respond to all of these in other to be rest assured things work for us the way we ant them, knowing what to do as a trader at my particular time is of utmost importance for us, because every of our steps towards trading counts on our performance in it.

[Strongkored]

Being a profitable trader begins with believing in yourself that you can do it,that alone has already make you a profitable trader.If you don’t believe that you are a profitable trader,then you will take a trades that will prove that you are not profitable.
N/B:80% of trading is psychological,then 20% is technical.So don’t neglect the psychological part because it’s what will make you outstanding in trading institutions.

Becoming a profitable trader is not only about believing but also about strategy and knowledge. You believe yourself as a profitable trader but with minimal knowledge and strategy it is impossible to get the profit as expected. Trading is not only about what is thought but the right action based on the knowledge you have.

[WeedGoW]

Being a profitable trader begins with believing in yourself that you can do it,that alone has already make you a profitable trader.If you don’t believe that you are a profitable trader,then you will take a trades that will prove that you are not profitable.
N/B:80% of trading is psychological,then 20% is technical.So don’t neglect the psychological part because it’s what will make you outstanding in trading institutions.

TRADING ETHICS
1.When you put on a trade,all you expect is that something huge will happen.

2.The less you care about whether you are right or wrong,the clearer things become making it look much easier to move in and out of positions.

3.When you cut your losses short,you make yourself mentally available to take the next opportunity.

In some cases,your experience in trading is to build emotional side first,before thinking of rationality because most of the time emotional mind forces you to make some certain decision and controls or rather takes over your psychology,to this effect, you must endeavor to educate your emotional side first.By doing this,you can find your way to a profitable trader.

If you want to be a successful trader you have to keep on doing a lot of things and gain a lot of experience online, you will need to see the updated online cryptocurrency. It’s very important to believe in yourself in your trading case if you don’t believe in your success, success won’t come to you if trading is probably a highly tragic process and success will be much difficult to get if your mentality and emotion is not controlled. First of all, you must comply with the trading policies of trading if you follow all the rules of training, you must gain your profit from here. And if you enter here without having full experience, you will take defeat from here and you can surely become.

I can say that 10% will really be that technical and 90% will really be based up on experience. All of learnings could really be gained through real experience and this is something which you would really be needing up to consider. You would really be needing up to hover yourself towards this market in order for you to have to gain up that experience. It will really be taking up some time because becoming a trader will really be that having that tons of learnings before you would really be able to make yourself a profitable one on which its never been that easy but its not something impossible. Being profitable will really be depending on how well you do ride with the market on which this will really be leading up into such condition on which we will be able to make ourselves sustainable.

Once you do able to have such skills then this is where you will really be that starting to find out yourself on being that sustainable. You cant be perfect on each trade but the most important thing on here is that you do really know on what are the things you should gonna do specially when you are really that up to deal with this volatile space. Of course its not something that will be that easy but once you do have that good grasps towards the market then you will really be having that at least having the idea on how this market works or behaves on which this will really be that making you sustainable.

I’m again saying that there is a lot of knowledge in the case of crypto currency trading. If you can’t properly apply the right strategy you can’t achieve knowledge, you will fail. It must be achieved slowly that the amount of knowledge required in Tedding needs to be limited not only to reading technical analysis marketing trends or charts but also to analyze psychology risk management and statistics in the market. And if you can’t make the right and decision, it will be extremely difficult to expect stable profits in trading. It’s a huge world you need to learn every day here. And the more you invest and trading, the more your knowledge will continue to strengthen. If the right knowledge and strategy here can’t apply properly, success is not possible and you need to adopt your trading strategies through tireless work to achieve long term success.