How do you know you are profitable trader

[I_Anime]

Many believe that being profitable means that they will no experience losses , which is wrong no matter are professional you are in trading losses are inevitable so as for winning .

Being a profitable trader is simple it means that your wins are far more than your losses . Meaning that your risk management is well checked,  your wins are far more than your losses .

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear , we easily get greedy when comes to placing trades that we usually neglect taken proper risk management. And most time because of fear we easily abandon our potential trades and selling halfway and stuff or not even taken the trade at all .

We need to know when to trade and when not to trade , and also we need to be able to identify high probability trades from low once so that will be able to make good use of high probability and same no when to avoid taken a low probability trades.  And the best step to be profitable is knowing what you are doing , like having a good strategy even when you haven’t completely mastered it , having enough capital and learning from your mistakes and knowing how to prevent such mistakes from the lesson the market has taught you .

[Ambatman]

How do you know you are profitable trader

By making profit short answer.

Trading takes alot of discipline, losses, and ability to learn.

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear

To make it big. You need greed. To cut off losses you need fear.
Both emotions help as well as they destroy
What matters is been able to manage them and be confident in your strategy.


Make plans for failure.

[Donk1]

What you just said is true .Yh market volatilitty is another factor of trade which is also inevitable But i believe the issue here is this  most times when a trader is not mentaly stable it can cause overthinking and panic like you said earlier which will affect the trader's psychology and strategy.
Secondly another issue we have is trading with friends. It can actually affect a trader in the sense that when he or she sees an opening to enter a trade then their friends would discourage them not to which might most times make them miss a profitable target and that is the painful part of it. That is why all this kind of pressure leads to poor trading opportunities..........

[Ayebabara]

A profitable trader na di person wey make gain more than di loses. Like a day you fit open 10 trade and out of di ten trades you fit make profit from 8 and loss only 2 and the amount you make will be higher than di loses.

[Hatchy]

And the best step to be profitable is knowing what you are doing , like having a good strategy even when you haven’t completely mastered it , having enough capital and learning from your mistakes and knowing how to prevent such mistakes from the lesson the market has taught you .

Being profitable is not all about bagging the profits. It contains things like discipline, emotional control and a good psychology about the market. Avoiding taking losses isn't a part of being profitable that's because Even the best trader takes bigger losses, but how do they remain profitable in the market? It requires your ability to accept the fact that the market is not your, you will surely have to give to take from it..

[Somto9Light]

Many believe that being profitable means that they will no experience losses , which is wrong no matter are professional you are in trading losses are inevitable so as for winning .

Well I have never seen anyone saying that before, how can one possibly say that wining means that they will no experience losses. I think the person must be a joker because I don't see any possiblity in that, and yeah those that claims to be an expert in terms of trading still encounter lose sometimes you will see them posting winings all over thier status and those that doesn't know how trading works will be thinking that they're indeed an expert that they don't always experience lose.

 the truth is losing is always bitter, that is the reason why people like hiding it but when you see them celebrating over their winings you will feel that they have never encounter lose ever since they started trading because they celebrate in a big way, but when you look at thier history/ record then you will see that trading is a very risky game.

[Joeboy]

[Edited out]
What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear ,

We all are human beings and because of that, it is very difficult to completely remove emotions from our decision making.....Be it in trading or even in our daily choices, emotions like fear and greed will allways be there, and because of that as traders, we shouldn't spend our time  trying to kill or remove these emotions but rather learning how to manage them and utilize it for the bettter.

[Edited out]
To make it big. You need greed. To cut off losses you need fear.
Both emotions help as well as they destroy
What matters is been able to manage them and be confident in your strategy.


Make plans for failure.

I agree. Our emotion like greed and fear are indeed like a  two double-edged. sword, meaning that they can help or even destroy, depending on how we handle them..... Leet's consider this example:

For instance, a trader who sees a coin he invested in depreciating in price at a very acccelerated rate, fear can push the trader to sell everything at a loss, only for the market to recover shortly afterwards. In this case emotion( fear) can push the trader into making a very costly mistake.
On the other hand, let's imagine that that same trader had a clear plan from the onset.....Let’s say beforehand he had decided that: “If he secures a 10% profit, he will take it and not get greedy." In this very case, fear and greed are still present owing to the fact that he is a human being, but he properly managed it through his discipline and strategyy. That’s how emotions, instead of being destructive, can help us make better decisions if properly managed

[Franctoshi]

Profitability in trading is not really about how many wining trades you hit, but how profitable you're with those trades, because a single lose can clear your five wins and 5 loses, and in a single win, it can recover all the loses, it a combination of the two, more wins and how much profit you gain from a single trade when you win.

[rachael9385]

Many believe that being profitable means that they will no experience losses , which is wrong no matter are professional you are in trading losses are inevitable so as for winning .

Being a profitable trader is simple it means that your wins are far more than your losses . Meaning that your risk management is well checked,  your wins are far more than your losses .

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear , we easily get greedy when comes to placing trades that we usually neglect taken proper risk management. And most time because of fear we easily abandon our potential trades and selling halfway and stuff or not even taken the trade at all .

We need to know when to trade and when not to trade , and also we need to be able to identify high probability trades from low once so that will be able to make good use of high probability and same no when to avoid taken a low probability trades.  And the best step to be profitable is knowing what you are doing , like having a good strategy even when you haven’t completely mastered it , having enough capital and learning from your mistakes and knowing how to prevent such mistakes from the lesson the market has taught you .

You are right, there's no one that experiences success all the time with trading, there are times that you would end up losing bit if you a strategic trader your losses would not be more than your profits. This is why it's important for you to understand how that market works first before you consider going into trading. With adequate knowledge you can reduce the losses that you incur and make more profit. If you place 5 orders in a day and three are successful then that's not really a bad trade for the day. Don't be in a haste to recover, this might ruin your strategy and efforts

[Churchillvv]

Trading generally has to do with being profitable, there is no two ways about it. Even in commerce or economics or entrepreneurship, profit is the sole identity of a good businessman as well as profit making in trading is the identity of a profitable trader and one who is able to gamble (trade) longer.

However, the emotions in trading are vital for one to know how profitable they are, you must have enough greed to profit, you must also be fearful or losses to avoid them hence making your a profitable trader.

In conclusion being a profitable trader is: the ability to reduce your losses and maintain a greenish history.

[Felicity_Tide]

You've literally said it all. Simply Profits> Losses.
But one thing I also feel qualifies a good trader is when a good number of their analyses are correct. A trader doesn't have to take every trade, but when majority of his/her analyses turn out to be true, then it means they clearly understand the game. Profits, emotional control, and risk management are basically part of the whole thing, and like you mentioned 'Strategies'. They don't have to be perfect, because of course there is no perfection. They just have to be good enough to classify you as a good trader.

[Zigabel]

Many believe that being profitable means that they will no experience losses , which is wrong no matter are professional you are in trading losses are inevitable so as for winning .

Being a profitable trader is simple it means that your wins are far more than your losses . Meaning that your risk management is well checked,  your wins are far more than your losses .

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear , we easily get greedy when comes to placing trades that we usually neglect taken proper risk management. And most time because of fear we easily abandon our potential trades and selling halfway and stuff or not even taken the trade at all .

We need to know when to trade and when not to trade , and also we need to be able to identify high probability trades from low once so that will be able to make good use of high probability and same no when to avoid taken a low probability trades.  And the best step to be profitable is knowing what you are doing , like having a good strategy even when you haven’t completely mastered it , having enough capital and learning from your mistakes and knowing how to prevent such mistakes from the lesson the market has taught you .

OP dey really make sense here, pipo no wan understand say loosing na part of d process to make profit for trading, in fact if you dey always win and you never see any loss before, you even suppose fear because e mean say na luck you just dey get and you no dey do something right so one dey you fit no dey lucky again and e go come be like say dem no just want you to win mean while na just say u been never take time to notice say you no been dey do something rightly and you need to adjust the thing you don dey do since so dat you go fit maintain your profitability.

If you master your risk management well, then even when you dey loose e go dey controlled and you go know say few wins naim you go need to cover up for all the loss wey you don suffer but when e come be like say you no come dey loose at all you no go know or get the experience to use do your risk management you go just think say no so e go be dey go, so e dey help to build experience too so dat you go fit maintain you profitability. been profitable no mean say you no go loose but at the end of the day when we don check all the profits and loss, you make profit? if yes then you are doing somthing right but if no na dia problem dey.

[De Gramor]

Many believe that being profitable means that they will no experience losses , which is wrong no matter are professional you are in trading losses are inevitable so as for winning .

Being a profitable trader is simple it means that your wins are far more than your losses . Meaning that your risk management is well checked,  your wins are far more than your losses .

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear , we easily get greedy when comes to placing trades that we usually neglect taken proper risk management. And most time because of fear we easily abandon our potential trades and selling halfway and stuff or not even taken the trade at all .

We need to know when to trade and when not to trade , and also we need to be able to identify high probability trades from low once so that will be able to make good use of high probability and same no when to avoid taken a low probability trades.  And the best step to be profitable is knowing what you are doing , like having a good strategy even when you haven’t completely mastered it , having enough capital and learning from your mistakes and knowing how to prevent such mistakes from the lesson the market has taught you .

Being able to know we are profitable in our trading journey or not, is not by being able to stop our loss because loss are just part of the process. The way we can understand that we are a profitable trader is by checking our trading statistics every months or even weeks to see how many loss we face and how many profits we faced, and also trying to make proper management of our risks and not letting our emotions take over our soul is also a part of being a profitable trader.
So let keep track of our trading statistics and let always manage our risks properly.

[BIT-BENDER]

It is simple you can call yourself a successful trader when you are getting profit from trading. You can calculate it weekly, daily or monthly.
Being successful in trading doesn't mean that you don't lose, I don't think that there is any trader that hasn't tasted loss or isn't tasting it.
But to be able to call yourself a successful trader you need to be consistent and improve where you should.

[Bright0515]

It is simple you can call yourself a successful trader when you are getting profit from trading. You can calculate it weekly, daily or monthly.
Being successful in trading doesn't mean that you don't lose, I don't think that there is any trader that hasn't tasted loss or isn't tasting it.
But to be able to call yourself a successful trader you need to be consistent and improve where you should.

This is correct. Successful traders normally get losses in some of their trades. Some days the crypto market is bad and many traders lose the capital they start with. When the crypto market is bad the beginners and knowledgeable traders lose money. What can really make you to be a successful trader is when you have learn from your mistakes and setting a good strategy for your trade.

[Pauldesaints]

Profitable trader is one who always checks his stocks to know the true position of his or her business from time to time and avoids extravagant spendings.its profits must be greater than losses.

[I_Anime]

You've literally said it all. Simply Profits> Losses.
But one thing I also feel qualifies a good trader is when a good number of their analyses are correct. A trader doesn't have to take every trade, but when majority of his/her analyses turn out to be true, then it means they clearly understand the game. Profits, emotional control, and risk management are basically part of the whole thing, and like you mentioned 'Strategies'. They don't have to be perfect, because of course there is no perfection. They just have to be good enough to classify you as a good trader.

Yeah that one can also count when the number of successful analysis are more than failed , but it can be frustrating sometimes I found myself sometimes in this point I will analyse like 4 trades a day andi might choose to not enter any and most time like 3 will go according how it was predicted with one fail analysis. But when I choose to enter like to trade at once it hardly goes well  either I leave too early n the market will later go my way or I will be stop out before hitting my tp I think that one of my weaknesses In trading opening more than one different trades , which is a sign of poor risk management which am now amending now .

[Dareo]

You are quite correct in stating that profitability does not imply eliminating losses. The most experienced traders experience losses in trades periodically. The point is that risk management should be regular, and risk-to-reward ratio should be positive with time. Fears and passions such as greed are silent murderers of discipline. Greed may drive you to over leveraging or trading, Fear may cause you to sell too soon or miss out. It is necessary to learn to become unemotional and follow a plan.

It is the high probability arrangements that differentiate between the consistent traders and the ones who wish to be lucky. Knowing what you are about, positioning yourself, and looking back to trade history to learn the lesson is what slowly creates long time profitability. Practically, it does not mean winning all the trade but ensuring that the wins are more than the losses at all times.

[Cryptohygenic]

Being a profitable trader is simple it means that your wins are far more than your losses . Meaning that your risk management is well checked,  your wins are far more than your losses .

Dem no dey argue da one. Make e no even be like say we dey talk plenty bcos since na who win dey make profits, na your traded capital keep aside safe na wetin remain go tell if u dey on profits or lost. Nothing more than that go explain am. No be say na risk management dey bring the profits shaa, e dey only help traders to trade smartly onto not being too greedy to take little profits instead of chasing bulks and loosing out of greeds. E also dey regulate trading orderliness make traders no lost too excessive.

[Jubilee58]

Many believe that being profitable means that they will no experience losses , which is wrong no matter are professional you are in trading losses are inevitable so as for winning .

Being a profitable trader is simple it means that your wins are far more than your losses . Meaning that your risk management is well checked,  your wins are far more than your losses .

What is hindering most of us to getting to such point (being a profitable trader) is our emotion which is greed and fear , we easily get greedy when comes to placing trades that we usually neglect taken proper risk management. And most time because of fear we easily abandon our potential trades and selling halfway and stuff or not even taken the trade at all .

We need to know when to trade and when not to trade , and also we need to be able to identify high probability trades from low once so that will be able to make good use of high probability and same no when to avoid taken a low probability trades.  And the best step to be profitable is knowing what you are doing , like having a good strategy even when you haven’t completely mastered it , having enough capital and learning from your mistakes and knowing how to prevent such mistakes from the lesson the market has taught you .

Cryptocurrency trading is risky, and for you to be always successful or profitable, there has to some level of professionalism.

In cryptocurrency, to become a profitable trader, most of the time, you must be winning in your trades, your level of profit making should be higher than your losses and to become a profitable trader, you have to acquaint yourself with the market trends, know the level of volatility of some certain coins and how to place your trades on them, as some coins makes more profit and are more volatile than others.

Another thing that is very important in trading cryptocurrency is knowing how to use your trading tools, for example the stop loss and profit taking is very necessary, this tools should be managed properly to maximize profit and reduce losses.