Is it possible to become a master in trading?

[knowngunman]

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

Does this take away the risk involved in it? Does this guarantee you a fixed profit? Taking trading as a business doesn't really change anything or make it more more profitable. It's still more or less of gambling and we should continue to deal with that. How you see trading doesn't matter, what matters is how well you know what you are doing and can handle the outcome. You can Infact take trading as your only hope and still be losing back to back if you don't get it right. Mind you, there is no long term working system and that's why a trader needs to be updated to adjust his strategies time to time.

[r_victory]

It is possible if you dedicate yourself to this and only this. I believe that “the more you practice, the better you get”. You can master this skill, you won’t always get it right, but you will certainly make more successful trades.

[Awaklara]

It is possible if you dedicate yourself to this and only this. I believe that “the more you practice, the better you get”. You can master this skill, you won’t always get it right, but you will certainly make more successful trades.

Focus on trading will definitely take a lot of time, of course can affect our other activities. Being an expert in trading does not guarantee profit and success in every trade made, but at least in a loss situation, with a lot of experience, a trader can minimize the risk of greater losses.
There is nothing wrong with continuing to learn and develop our trading skills. Just don't let your interest in trading make us ignore other things.

[Ishicryptic]

You can become a master in trading and you can make it your business but it is not advisable to have trading as your sole source of income, it is not a business that you are very certain of making profits regularly. Trading as a business is different from most businesses because of it's volatile nature, no level of mastering can continue to give you profits on regular basis, sometimes the loses can be overwhelming. The risks that is involved in trading is much and we should not depend only on one strategy if it is not profitable, no matter how long we have mastered it. Trade with amount that you can afford to loose no matter your experience because it is a risky business.

[rachael9385]

A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.

Ask yourself do you actually treat trading as a business? Or are you convincing yourself that you are treating it as a business.For most of the people,treating trading as a business doesn’t clicks.Because if you go through your trades and cross-check them,you will begin to realize that for most of the trades you don’t stick to your plan.

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

N/B: It’s very easy to think you understand something,but once you begin to ask yourself the questions,you dig into the real answer and that’s where the true growth lies.

The mind once expanded by a new idea,never returns to it’s original dimensions.once you stop doing GAMBLING TRADING and start doing trading which follows a system that works,there’s no looking back.

That's a simple principle about anything you are doing in life, if you take your interests seriously and become grounded in it you would definitely become a master In it. There are people that wake up in the morning studying charts and going to bed drawing trend lines, a lot of people might think they are crazy because these traders seem to base and prioritize this lifestyle over everything else, for you to succeed you must be hardworking and consistent.

[liuka]

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

Does this take away the risk involved in it? Does this guarantee you a fixed profit? Taking trading as a business doesn't really change anything or make it more more profitable. It's still more or less of gambling and we should continue to deal with that. How you see trading doesn't matter, what matters is how well you know what you are doing and can handle the outcome. You can Infact take trading as your only hope and still be losing back to back if you don't get it right. Mind you, there is no long term working system and that's why a trader needs to be updated to adjust his strategies time to time.

I can understand what you mean, but I can also understand what Op said. In my understanding, Op is trying to convey that when we stick to a plan it will increase opportunities and of course there will always be risks.

The point I want to convey here lies in the plan, usually successful people can stick to their plans. But will the plan always go according to plan, of course not. In the middle of the road we can get something unwanted, but it is important for us to return to the plan, not change it but we can improve our plan at the beginning based on what we find along the way.

[YOSHIE]

Is it possible to become a master in trading?

Broadly speaking, trading in the crypto market is not an easy matter, many of those who do not have patience in carrying out crypto trading activities, to become experts and trading crypto with the main key You have to plant in your soul that is 'patience' of capital, learning, knowledge, mentor is another part.

I give an example of trading in the real world, whether it's trading anything, the core of their success is in patience, many trade is bankrupt and closed because they are impatient, so they tell peopl.

That's a concrete example, for that if you want an expert and succeed in crypto trading, patience is prioritized, if you are impatient, do not trade in the crypto market, find another busyness that can make money for you.

[justdimin]

In trading, there is a high tendency that you’ll be on the winning side more often because of the knowledge you’ve garnered about the market. Trading is not business that can guarantee you profit, it is just a term some people use for it not to show too much interest in it, but for those that view it as one, they make sure they’re careful and make the best of their time to get good returns in their trades. Trading is not for the faint hearted but at the same time, when you’re able to make the best out of your time to become a good trader, you’ll earn from it more than the losses you’ll incur because of how well you’ve built yourself and the type of viewpoint you’re looking at your trading from.

The faint hearted part is true, because if you end up with some issues then fixing it will require some iron will and having zero emotions dictating what you will do. There isn't really any issues with any of this, and you can't really consider this as a big ask, because you have to be sure of what you are doing and if you can't, then you are not going to make any money.

We can't consider this as a bad way to move forward, and because of this there is no logical argument on this at all to just "test it", sure as a newbie when you start you can give it some experience time, but after a while you need to realize this can't be just done by kicking back and relaxing, this is a serious job and requires a lot of effort.

[Japinat]

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

Does this take away the risk involved in it? Does this guarantee you a fixed profit? Taking trading as a business doesn't really change anything or make it more more profitable. It's still more or less of gambling and we should continue to deal with that. How you see trading doesn't matter, what matters is how well you know what you are doing and can handle the outcome. You can Infact take trading as your only hope and still be losing back to back if you don't get it right. Mind you, there is no long term working system and that's why a trader needs to be updated to adjust his strategies time to time.

There is no real security in trading, no matter how good or experienced you are. You are playing the game of speculation, you’re lucky if you win, unfortunate if not. However, in order just to limit your losses in trading, or increase your winning potentials, it’s vital you know how trading works and what coins would work best from trading. Otherwise, you are still gambling in your trades, which a lot are actually doing right now.

[dunfida]

In trading, there is a high tendency that you’ll be on the winning side more often because of the knowledge you’ve garnered about the market. Trading is not business that can guarantee you profit, it is just a term some people use for it not to show too much interest in it, but for those that view it as one, they make sure they’re careful and make the best of their time to get good returns in their trades. Trading is not for the faint hearted but at the same time, when you’re able to make the best out of your time to become a good trader, you’ll earn from it more than the losses you’ll incur because of how well you’ve built yourself and the type of viewpoint you’re looking at your trading from.

The faint hearted part is true, because if you end up with some issues then fixing it will require some iron will and having zero emotions dictating what you will do. There isn't really any issues with any of this, and you can't really consider this as a big ask, because you have to be sure of what you are doing and if you can't, then you are not going to make any money.

We can't consider this as a bad way to move forward, and because of this there is no logical argument on this at all to just "test it", sure as a newbie when you start you can give it some experience time, but after a while you need to realize this can't be just done by kicking back and relaxing, this is a serious job and requires a lot of effort.

When it comes to emotional aspect and with having that mindset then of course you do need to find yourself that being strong and serious on which you should be that trying out to sustain or survive on what this market could potentially give you in terms of emotions and with having that kind of effect into your mental state specially when you are losing money on which this is the hardest thing of all is on how you do control or simply in talks about maintaining up that risks management. This is where most traders do really fail and given up on which at the time that they cant be able to handle the pressure that it gives. Somehow on the moment or time that you do able to gain up some experience then this is where you do made out some adjustments on which gradually you do able to mold yourself with some strategy on which it boost up your confidence and mentality on what you've been currently dealing on with. You are the ones will be making out such acts to have that better survival into this crypto space when it comes to trading.

Trading skills is never been that a simple thing that you can be easily be able to grasps on. When the time or moment that you do become a trader then all you do need to do is to sustain everything on what you do able to encounter specially on dealing with volatile space and very random or unpredictable. Dont tend to hurry up yourself on learning up the skill because it do takes time and lots of efforts before you could be able to have a good hold of it. The common mistake of most newbies is that they are hurrying up and making out some trading decisions on rush way because they cant be able to handle it out.

[AYOBA]

A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.

There’s a possibility to become a master in trading, but the person must pass through a lot, because trading is not something that a person can introduce himself to and understand everything within a week or month; learning about trading it is a gradual process since it involves many risks, and anyone who’s very emotional cannot deal with trading. Start treating trading as a business, before a person can treat it as a business they must learn to get experience and knowledge before he/she is able to treat it as a business because ; I don’t think the method can work for the person.

[Alphakilo]

Why do you want to become a master in trading? What do you need such title for? Do you want to open a trading academy where you will charge people money to teach them how to trade. These questions came from my experience in the trading business because anyone who uses such terms wants to become an educator.

What you should aim aim for is to be a profitable trader and not a master. If you want to become a master in trading, you will end up with frustration because no one can predict the market with accuracy every other time. Aim to be profitable such that in 10 traders you are able to win 6 and make sure your reward is higher than the risk and you will be perfectly fine.

Well you know that a profitable trader will eventually become a master trader.
I also think that becoming a master trader may be what he thinks is a profitable trader. If he see it that way then, that is good for him. As long as he knows what he is doing that is what that ticks.
However, it will take years of persistence and endurance to acheieve the Master and professional trading level.

[MarjorieZimmermanGinger]

Well you know that a profitable trader will eventually become a master trader.
I also think that becoming a master trader may be what he thinks is a profitable trader. If he see it that way then, that is good for him. As long as he knows what he is doing that is what that ticks.
However, it will take years of persistence and endurance to acheieve the Master and professional trading level.

If you do not have good expertise then someone will never be a professional trader because patience, perseverance or long process is needed to achieve expertise in trade. The goal is definitely benefit from every trading process carried out but without good knowledge a person will never reach the level of expertise in trade.

The level may be different because someone who has expertise and skills in trade can make adjustments to control the risks that occur and it is formed when someone has experience and skills.

[shield132]

A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.

Ask yourself do you actually treat trading as a business? Or are you convincing yourself that you are treating it as a business.For most of the people,treating trading as a business doesn’t clicks.Because if you go through your trades and cross-check them,you will begin to realize that for most of the trades you don’t stick to your plan.

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

N/B: It’s very easy to think you understand something,but once you begin to ask yourself the questions,you dig into the real answer and that’s where the true growth lies.

The mind once expanded by a new idea,never returns to it’s original dimensions.once you stop doing GAMBLING TRADING and start doing trading which follows a system that works,there’s no looking back.

The day I quit my job and started treating trading like a business, was the day that I'm still trying to forget. This is a very wrong approach because when you treat it like a business, it means that you work 24/7 on this. When you work like that, you have to give up on your job and totally focus on your "business". Then you are not always guaranteed to profit and sometimes lose a lot, then this messes up with your mind and creates lots of negative thoughts in your mind and etc... I've experienced this myself and I know that it's a very wrong approach. It's the best to invest in Bitcoin when you think it's the right time to invest, hold and wait. Don't do day trading, trade once a year, twice a year or even once per two years and this way, you'll generate much more profit with much less stress.

[shinratensei_]

The day I quit my job and started treating trading like a business, was the day that I'm still trying to forget. This is a very wrong approach because when you treat it like a business, it means that you work 24/7 on this. When you work like that, you have to give up on your job and totally focus on your "business". Then you are not always guaranteed to profit and sometimes lose a lot, then this messes up with your mind and creates lots of negative thoughts in your mind and etc... I've experienced this myself and I know that it's a very wrong approach. It's the best to invest in Bitcoin when you think it's the right time to invest, hold and wait. Don't do day trading, trade once a year, twice a year or even once per two years and this way, you'll generate much more profit with much less stress.

You're more pressed to make profit as well, since it's a business. As for me, the thing that works best with trading is just waiting for the best opportunity and trade only at that time, by this strategy I rarely lose too much and frequently making profit.
But ultimately nobody can become master of trading, it's trial and error, you can lose and you can win, that's just how the game is.

If anyone thinks they can trade flawlessly without losing anything, good luck because that's just wishful thinking.

[tygeade]

It is possible if you dedicate yourself to this and only this. I believe that “the more you practice, the better you get”. You can master this skill, you won’t always get it right, but you will certainly make more successful trades.

One needs to spend more time trying to gain as much knowledge as possible before they get to the point where they need to start practicing it. If you think you can start trading and that will help you practice it and you will become an expert one day, sure, you will get better over time, but it's going to take more time, and it will also make you learn everything the hard way because you will first lose money and then you will learn, but with knowledge, you won't need to do that since you will know most of the things already, so your chances of making more mistakes will be low.

Newbies often make the mistake of starting their trading journey directly by depositing some money and trying to make some trades to see how it goes. You may get some profit if the market favours you for the initial few times, but you are only trying your luck and that isn't going to work in the long run. If you want to do it properly, learning should be the first step.

[tvplus006]

For me, trading is considered personal or business because it provides me with passive income right now. Maybe since 2020 I have started to earn a profit passively, although it is not big,
it is enough for me to sustain my expenses for my family, my wife and children...

Trading is not a passive income, as you need to constantly spend your time to make a profit. For example, if you sent your coins to staking, then the resulting profit would be passive income.

[milewilda]

For me, trading is considered personal or business because it provides me with passive income right now. Maybe since 2020 I have started to earn a profit passively, although it is not big,
it is enough for me to sustain my expenses for my family, my wife and children...

Trading is not a passive income, as you need to constantly spend your time to make a profit. For example, if you sent your coins to staking, then the resulting profit would be passive income.

It was never been a passive income since you do need to put up effort and action for you to be able to earn or making profits. Dont know on why other people been that saying about passive income if you do need put up effort? Just like on what you have said that the only time that what makes it passive is on the time that you are doing staking but we do know that this isnt considered as trading right? Getting back into the question on if its possible to become a master in trading? Of course you can but it wont be that a short time for you to be able to acquire such skills on which we do all know that it will be needing up that sufficient time and effort for you to be able to have that good grasps into it. You cant just that easily learn it out without facing up trading difficulties specially on dealing up with something unpredictable. Mastery does involved that tons of hours that you can put up into something and keeps on repeating on which it wont be that much of an easy thing since dealing with market is never been that simple. You would be needing up to survive tons of challenges that you will be able to face up along the way on which this doesnt involved only psychological aspects but also with emotional aspects too on which these are the factors that will be affecting you out along the way.

[tvplus006]

...Getting back into the question on if its possible to become a master in trading? Of course you can but it wont be that a short time for you to be able to acquire such skills on which we do all know that it will be needing up that sufficient time and effort for you to be able to have that good grasps into it. You cant just that easily learn it out without facing up trading difficulties specially on dealing up with something unpredictable. Mastery does involved that tons of hours that you can put up into something and keeps on repeating on which it wont be that much of an easy thing since dealing with market is never been that simple. You would be needing up to survive tons of challenges that you will be able to face up along the way on which this doesnt involved only psychological aspects but also with emotional aspects too on which these are the factors that will be affecting you out along the way.

Even after going through a long process of learning how to trade, there is no guarantee that you will be able to trade profitably as a result. This is something that is never talked about in trading courses. In addition, there is not a single trading strategy that would ensure a 100% profit.

[yudi09]

it possible to become a master in trading?

Experts whose figures are legends who create something that is now a meal of many people in the world as we don't feel as great. They are associated because their work by people including us.
Until here, I don't know whether I am an expert in trading because until now I have also been wrong that caused loss.
Trading is not an easy thing. The risk is bigger than profit.
Only I realized that I was a person who never let my brain stop working and I would keep thinking.