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Author Topic: What qualifies you to be called a trader really?  (Read 599 times)
Stepstowealth (OP)
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March 19, 2025, 11:38:49 PM
 #1

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?

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March 19, 2025, 11:58:08 PM
 #2

It is not that you need to go through blowing account but you will definitely go through blowing account in the process of becoming a profitable trader.
It is impossible for a trader to go through his trading journey without failure and failure provides a lot of experience to become a profitable trader.

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March 19, 2025, 11:59:52 PM
 #3

I think anyone can be a trader newbie or beginner you can be a trader if you consistently trading and do some analysis.
If you are referring to a profitable trader, blowing your account is part of the experience that can help you improve your trading skills because without it, you will not be able to improve or think of ways to counter these mistakes.

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Ararbermas
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March 20, 2025, 01:41:17 AM
 #4

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?
Yes, it's part of the experience, but for those who learn on their own and don't want to spend money on trading education, it can be very risky. You'll likely encounter many strategies that could lead to significant losses. In contrast, those who pay for a mentor can minimize their risks and become skilled traders in a relatively short amount of time.  That the difference why there are some traders that experienced blowing account before become a good trader and there are some people who suddenly became an skilled trader. If you're looking for a key without investing, i think there's no such thing.  Cheesy
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March 20, 2025, 01:59:37 AM
 #5

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?
No. A trader is anyone that trade. But the person can be losing or making money. As long as you know how to make analyses and being able to make orders and also open and close positions, you are a trader. I mean to have the basic knowledge about trading and using it to trade, then your are a trader.

If you are referring to a profitable trader, blowing your account is part of the experience that can help you improve your trading skills because without it, you will not be able to improve or think of ways to counter these mistakes.
I believe blow of account means loss of money to trading. I always advice people that if it is more than a year or 2 years and nothing good from trading, it is better to quit.

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GreatArkansas
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March 20, 2025, 03:10:50 AM
 #6

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?
No, if you are a responsible trader and need to prove you are a trader, no need to lose money first to be called a trader. The basic meaning of trader is you executing orders, sell orders, or buy orders. Even if you are new to trading or have already been here for a long time.
And also, we should also consider traders who are low order size or capital size that using to trade.

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March 20, 2025, 03:47:33 AM
 #7

I think it's literally just you buying at low and sell at high or you're trading something, the definition is loose anyway, there's no point overthinking about it.
you can be buying anything from stocks, oil or anything in this world that have intrinsic value and sell it at your price target, then you're a trader.

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March 20, 2025, 03:50:34 AM
 #8

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?
As far as I know, a trader is someone who can make judiciously use of his account with the whatever amount funded to give rise of profits from it. In other words; a trader is someone who can build their account from 100$ to at least 500$ above without blowing off their account and still keep funding. Those who are having difficulties with profits making from trading aren't called trader yet instead they are learning (newbies) until they began to start having a sizable account balance in trading makes them a trade.
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March 20, 2025, 05:44:12 AM
 #9

There are certain things that qualifies you to be called a trader and one of them is simply the results you get..I have come across lots of people that call themselves experts, although they claim trade everyday and make profit from the market but as I got close to them I found out that they don't even trade the market, they make their money from online mentorship classes and the courses they sell, these people are fake and are not qualified to be called traders...A trader is actually a profession and you can only earn that title when you are consistently trading and knowing how to keep your profits and losses balanced.

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March 20, 2025, 06:33:21 AM
 #10

It is not that you need to go through blowing account but you will definitely go through blowing account in the process of becoming a profitable trader.
It is impossible for a trader to go through his trading journey without failure and failure provides a lot of experience to become a profitable trader.
In addition to what you said, it's also important that the trader "MUST" not stop when he's experiencing lost of funds due to wrong decisions that caused him to lose lots of money during the process.

Let's face it. Losing significant amount of money during the process can make a trader disappointed in himself, and that might affect him negatively hence, quitting to trading to avoid further losses. Those expert in trading right now like you said experienced blowing of their funds due to their mistakes but along the way, they didn't stop, continued learning until they reach a point where they are making profits on a monthly or weekly basis already. Losing in trading especially when you're just starting is really impossible that's why many are saying that when you're starting, use only a small amount because it's almost inevitable.

As for OP's question, a trader is a broad term, but we know that there are many types of traders. There's a pro trader that's making money constantly, and there's a failed trader who are losing money because of their wrong decisions. In general terms, as long as you're trading, you can call yourself as a trader, isn't it?

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March 20, 2025, 07:27:29 AM
 #11

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?
Blowing your account is inevitable i should say because everyone starts on being a noob and even if you do say that you wont be wanting to blow up your account but due to lack of knowledge then i should say that this will really be that an inevitable thing on which it will really be that recommended that you do really know on how to learn up things accordingly. Whether you do like it or not, you are really that bound to lose money on which this is normal. The key on here is that you do really know on how to learn up those lessons that you do able to encounter specially when dealing up with this unpredictable space. Dont rush up yourself on becoming a trader because this isnt a skill that you can be able to learn in a short period of time. It will really be that taking up some time and it will really be needing up that tons of errors and mistakes that you will be able to encounter along the way. You would be able to see yourself as a professional trader at the time or moment that you do become that sustainable on which this is the primary indications or qualities on which you do say to yourself that you are really that indeed doing pretty well. There's no way that we can be able to take up that shortcut way because you will be needing to pass through all the challenges along the way and you would be needing up to sustain and survive.

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March 20, 2025, 07:43:46 AM
 #12

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?
I think that the best question you should be asking, is what qualifies you to be called a profitable trader?
Because in my own understanding, anybody can call himself him or herself in trader, as long as he's or her navigate his way in the market, it doesn't matter if the person is losing or winning a trades on a steady basis, as long as the person is a executing a trade, he is a trader, that's why I prefer you asking the question like, what qualifies you to recall a profitable trader?
That's the question you should be asking, not this one here, because I believe that by the level of your rank you should know all this already.
Then as for the blowing of accounts, that's one of what traders goes through in the market, and I believe that it's an experience all trader will pass through at one point or the order, but you must not blow an account before you will be called the trader, because anyone can be called a trader as long as person is executing a trade whether he is winning or is losing.

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March 20, 2025, 09:18:22 AM
 #13

I think if you consider making profit from it from time to time you're a trader, not one time thing but sort of side hustle or profession.
if you just trade once in a while, you're just average joe buying or selling things.
but for trader, they always lurks at the market finding the perfect opportunity and turn it into profit, at least that's what I know.
blowing their account is definitely not a criteria, i've seen plenty of new comer traders doing pretty well with good trading discipline, never blowing their account.

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March 20, 2025, 09:20:10 AM
 #14

OP, being a trader isn't about coming of age things like blowing your account.

I can buy and sell now and I made a trade.

Or maybe right now I can deposit $10k and blow it on a liquidated short.

If you give me time and chatgpt to help I can come up with analysis and show you TA to prove a signal.

None of that and all of that qualifies me as a trader in the different eyes of different people Smiley

What do you want to get out of being a trader? Thats what matters to you and you only. Make easy money? Nope, wrong job. Learn about yourself? Yes, for sure Smiley

 
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March 20, 2025, 02:23:21 PM
 #15

I think if you consider making profit from it from time to time you're a trader, not one time thing but sort of side hustle or profession.
if you just trade once in a while, you're just average joe buying or selling things.
but for trader, they always lurks at the market finding the perfect opportunity and turn it into profit, at least that's what I know.
blowing their account is definitely not a criteria, i've seen plenty of new comer traders doing pretty well with good trading discipline, never blowing their account.

Personally I will say even if you’re not a regular trader you’re still a trade in my opinion because you definitely are buying and selling. Furthermore I think it is actually more like a strategy that some traders usually trader once in a while, there are long term traders like scalpers and after executing their trade they simply just leave off trading for days, weeks and months I think this people can still categorically be called traders too not just regular traders like the daily traders who do it everyday.

As for having to blow account before been regarded as a trader, that’s actually not correct  because I don’t need to lose all my money before I am regarded as a trader, personally losses just adds to one’s trading journey and as such people who lose gather more experience on how to manage same situation if it arises again but that doesn’t take anything from one who hasn’t lost his account, because this is like say someone isn’t a drive because he hasn’t had an accident before

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March 20, 2025, 03:37:58 PM
 #16

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?

Maybe blowing the account is not a a compulsory achievement.
IMO to be a trader, you need to at least have knowledge of trade, graphs and have a few open trades, you need to have some trading activity at least a few times a month. Still we can't generalize every traders as such. There are some good traders I know who just waits and when they find the entry point, they just rush in and exit when their target is met and would just keep on waiting for days or months to get another entry point. They are more successful than I am so they are more pro traders than myself. Technical analysis is a perk but there are traders who do without any technical analysis knowledge.
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March 20, 2025, 05:43:14 PM
 #17

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?
A profitable trader today do face many difficulties because they could be called a trader and of course for one to be a standout trader they have to understand several training this including blowing of personal accounts or borrowing money to trade. There could be a moment where the trader would be eager to make profits from trading and they don't care how much they spent or what they do go through as a trader but their target is solely on becoming successful, trader is called a trader is because of level risk they have taken and could be able to handle trade and utilize good profits from every single capital given to him to trade.
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March 20, 2025, 08:38:45 PM
 #18

There are several things that qualifies you to be called a trader and one major thing is the ability to control your emotions, a trader that has no emotional control isn't mature enough to handle the pressure that comes with trading. Another thing that makes you a sound trader is the level of knowledge you possess, in order for you to understand some certain things in trading you must put in a lot of time to learning, most people don't bother to learn they just dive into the market hoping to become financially stable within a short time. lastly, a trader must be disciplined


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March 20, 2025, 09:19:32 PM
 #19

Are there any key experiences that a trader has to  have in trading to really call themselves traders? For instance, Does a new trader need to have experienced blowing his account and other sort of issues to become qualified to be called a trader?
Everyone can be a trader, irrespective of its highs and lows in his trades. As long as you know yourself well that your goal is to trade, hence you are now considered as a trader, no matter how you often blow your account. You don’t need to justify yourself so that people will recognize you as a trader, for sure they won’t mind it either because they are also busy on their trades. Just do what is right and what makes you profitable, and you can proudly say that you’re an efficient trader.

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Odusko
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March 20, 2025, 10:19:33 PM
 #20

There are several things that qualifies you to be called a trader and one major thing is the ability to control your emotions, a trader that has no emotional control isn't mature enough to handle the pressure that comes with trading. Another thing that makes you a sound trader is the level of knowledge you possess, in order for you to understand some certain things in trading you must put in a lot of time to learning, most people don't bother to learn they just dive into the market hoping to become financially stable within a short time. lastly, a trader must be disciplined
The ability to control one's emotional State in trading comes with the long terms of experience and knowledge about the Bitcoin and crypto market and being able to apply such expensive experience in your decision-making process while trading since all traders tend to fail into greed along the line, it makes much sense to say that for any crypto traders to be able to overcome emotional influence that comes from inner greeds such trader need to have long term experience in the trading market knowing ad being able to follow all the trading signals most especially those high-risk piers like meme coins.

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