Trading with the right mindset

[Awaklara]

> Probabilistic thinking : knowing that losses are inevitable, because every trade has a chance to win or lose , focus one the edge not guarantees

In trading, there is no winning or losing, unless you are in a trading competition. What traders know are profits and losses.
Losses or gains cannot be guaranteed by traders, which is why I dislike the words from people in trading signal groups offering signals with words like guaranteed profit. They claim to have experts in analysis, but they still cannot avoid losses.

[L E G E N D A R Y]

In trading, there is no winning or losing, unless you are in a trading competition. What traders know are profits and losses.
Losses or gains cannot be guaranteed by traders, which is why I dislike the words from people in trading signal groups offering signals with words like guaranteed profit. They claim to have experts in analysis, but they still cannot avoid losses.

You are right but there are still people that do profit from trading on daily basis, not that they don't experience losses but not that much, due to how they dedicate their time to study and realize that trading is not how skillful you but how you apply them at the right time matters and this makes them to often profit from it and also they also has the trading is not a quick win, but which takes determination and patience to get what they want.

[_act_]

In trading, there is no winning or losing, unless you are in a trading competition. What traders know are profits and losses.

It is true that traders regard it as PnL which means profit and loss, but it can also be regarded as winning and losing but traders prefer the one that I first mentioned.

Losses or gains cannot be guaranteed by traders, which is why I dislike the words from people in trading signal groups offering signals with words like guaranteed profit. They claim to have experts in analysis, but they still cannot avoid losses.

They will want to claim that because they know if they do not deceive people, they may not be able to scam the people. That is not even all, they have ways they can upload profit trading but which is just not true.

[Cryptmuster]

In trading, there is no winning or losing, unless you are in a trading competition. What traders know are profits and losses.
Losses or gains cannot be guaranteed by traders, which is why I dislike the words from people in trading signal groups offering signals with words like guaranteed profit. They claim to have experts in analysis, but they still cannot avoid losses.

Trading gives you the opportunity to reduce and control your losses. When you open a position, you can set a stop-loss, which allows you to lose only a small portion of the trade. And if the price moves in your favor, you can always adjust the stop-loss to protect your position and potentially avoid any loss at all. I also believe that in trading, it’s much more important to have your own set of rules that you consistently follow. That matters far more than simply being in the right or wrong mindset for trading.

[Fakhrulenclix]

In trading, there is no winning or losing, unless you are in a trading competition. What traders know are profits and losses.
Losses or gains cannot be guaranteed by traders, which is why I dislike the words from people in trading signal groups offering signals with words like guaranteed profit. They claim to have experts in analysis, but they still cannot avoid losses.

You are right but there are still people that do profit from trading on daily basis, not that they don't experience losses but not that much, due to how they dedicate their time to study and realize that trading is not how skillful you but how you apply them at the right time matters and this makes them to often profit from it and also they also has the trading is not a quick win, but which takes determination and patience to get what they want.

We can say that easily, but believe me, in practice it is very difficult, and from anything, I think the most important thing is how we can control our emotions or thoughts. That is often a major problem when we experience losses; of course, our mindset will change and there's even the potential to make mistakes by repeating the same things. And when we gain profits, greed can potentially arise in our minds. So, these are two things that are very difficult to control, even in different situations.

[Ndabagi01]

> Long-term focus : This one is very important , think in terms of consistent growth , not one time wins.(like some kind of gambling or something ) , most big traders went through the phase you are now .

So I don't think all trade or traders focus on long term because we have different types of trading, from scalpers, to daily and swing. They are not all about long term like the scalper who just take the risk in lower time frame and even the daily trader. This is also like the gambler, he doesn't really focus on the future but what is going to profit him on the short term. As a trader then you should be able to identify the type of trader you are and the target best for you.

This goes down to applying proper risk management and not deviating from what you want to achieve. Being it a swing, scalp or day trader, if you don’t have a target to reach on to and work towards achieving the target, you’ll fail mostly in your trade target and won’t be able to achieve anything in the end. A lot of things comes to okay in trading and when you’re able to manage them well as they should be, you’ll be at a very good advantage over the market. Your capital should also work in line with the type of target you want to achieve which the type of trader you are will also play a vital role is choosing the best target on all your trades. Trading with the right mindset is very important in order to achieve profitability in the end.

[OXONE BROTHER]

I don't trade in bear markets because of the high risk, especially for spot traders. I usually trade when the market starts to stabilize without any geopolitical news, especially tensions between major countries like the US and China.

Long-term focus and patience are key for a trader and investor, and that's what I'm currently practicing.

[Rubuchi]

I don't trade in bear markets because of the high risk, especially for spot traders. I usually trade when the market starts to stabilize without any geopolitical news, especially tensions between major countries like the US and China.

Long-term focus and patience are key for a trader and investor, and that's what I'm currently practicing.

I like your approach to trading because I think it is a good approach to me. Trading in this period of time like this is very unpredictable and can affect your portfolio and trading outcomes seriously. It is better to trade at a time when the price of the market is more stable and growing than at a period like this when it is fluctuating and depreciating in value and numbers.
Spot trading this period can also cause you to liquidate if it is not done carefully, likewise the features trading. But spots trading is the mostly guaranteed way to trade but when you come to think about it in this kind of situation when the market is just falling asleep all the day, you will want to be a bit more careful not to crash.

[Supreme Donvic]

You talked about sticking to one strategy what if the strategy you are sticking to is not giving you what you really want. Can’t you change the strategy? A lot of people have lost huge amount of money because of sticking to a particular strategy for a very long time as for me, I believe that if a strategy is not working for you, what you should do is to change it immediately look for a strategy that can work for you remember what can work for you may not work for me. Everyone has their own ability and so if you are using a particular strategy and it is not working the way you want it to work for you what you should do is to change immediately, don’t stick to a strategy that is not working for you.

[TheUltraElite]

Right mindset needs a lot of patience at first and that patience is often learned through years of watching over charts during bull/bear cycles.

Knowing that bitcoin bounces between up and down like crazy will help yourself keep the patience during trading. You would not be going FOMO every now and then and end up losing money.

The only strategy needed in spot trading is buy low and sell high with a little bit of modification, as I like to call it - keeping multiple point of buying and selling, not just one.

[ASloveapg]

In trading, there is no winning or losing, unless you are in a trading competition. What traders know are profits and losses.
Losses or gains cannot be guaranteed by traders, which is why I dislike the words from people in trading signal groups offering signals with words like guaranteed profit. They claim to have experts in analysis, but they still cannot avoid losses.

You are right but there are still people that do profit from trading on daily basis, not that they don't experience losses but not that much, due to how they dedicate their time to study and realize that trading is not how skillful you but how you apply them at the right time matters and this makes them to often profit from it and also they also has the trading is not a quick win, but which takes determination and patience to get what they want.

We can say that easily, but believe me, in practice it is very difficult, and from anything, I think the most important thing is how we can control our emotions or thoughts. That is often a major problem when we experience losses; of course, our mindset will change and there's even the potential to make mistakes by repeating the same things. And when we gain profits, greed can potentially arise in our minds. So, these are two things that are very difficult to control, even in different situations.

It is important to have control in trading because if you cannot control your emotions, you are more likely to make wrong decisions. Just as many people lose money by selling out of frustration or panic when the price drops, if you can make a few profits, they become overconfident and take big risks. Risking a large amount of money due to overconfidence is basically an emotional decision that is not rational. Therefore, risk tolerance and clear planning help maintain control. In addition, when a person can maintain control, he understands when to take a break and when to withdraw profits. This basically maintains his mental stability.

[fuguebtc]

Your mindset list is really tight, lol. Trading is not something like gambling, it is a game of chance something like probabilistic. Always taking risk, being patient and controlling your emotion these are much more useful than the addiction to winning immediately. However I also follow some other thing strictly, just keeping the mindset right is not enough, you have to have some very solid rules, a trading diary and the habit of regularly checking your mistake, which I follow myself. Consistency is not just sticking to a plan, you have to learn from every trade.

Keep in mind real consistency does not mean just sticking to a plan but sharpening that plan by seeing real life result. Those who make learning a part of their strategy are the one who can actually survive the ups and downs of the market for a long time

[nara1892]

It's true that lately I see a lot of traders who treat trading like gambling, they really can't tell the difference so the way to seek profit or minimize losses is wrong, some of the advice you conveyed is good OP and I agree with the points, but unfortunately planning is always much easier than doing it and the most difficult in my experience is the matter of controlling emotions and greed, the thought of “easy money” really gets into traders when they make a profit, so limiting excitement and staying realistic is very important.

[vanesha]

There are two types of traders I’ve encountered. The first type uses strategy and a well-developed mindset, while the second relies purely on speculation based on personal belief when deciding to buy and sell. Of course, traders who use clear strategies tend to experience fewer losses, and their profits are usually more consistent and often greater compared to those who rely solely on speculation. Traders with a structured mindset generally apply all the points you mentioned above.

[AGogi2003]

It's true that lately I see a lot of traders who treat trading like gambling, they really can't tell the difference so the way to seek profit or minimize losses is wrong, some of the advice you conveyed is good OP and I agree with the points, but unfortunately planning is always much easier than doing it and the most difficult in my experience is the matter of controlling emotions and greed, the thought of “easy money” really gets into traders when they make a profit, so limiting excitement and staying realistic is very important.

Everyone have the way he trade that he can do and favour him. People that treat trade as gambling they are not benefiting in it because they don't have plan they are just doing it just to get profit and trading need more understanding and know what you're really doing. If you are trading you should just focus on what you're doing and try to get some strategies that you feel he can probably work for you because everyone knows that trading is risk and unpredictable we can't the market. So anything you are doing you should just put it and 50/50 you lose or you get profit that is how trading is. If you don't have enough funds to take risk is better you should focus on investment in Bitcoin because that one can minimise your risk better then trading.

[Alphakilo]

It's true that lately I see a lot of traders who treat trading like gambling, they really can't tell the difference so the way to seek profit or minimize losses is wrong, some of the advice you conveyed is good OP and I agree with the points, but unfortunately planning is always much easier than doing it and the most difficult in my experience is the matter of controlling emotions and greed, the thought of “easy money” really gets into traders when they make a profit, so limiting excitement and staying realistic is very important.

It might be difficult for a trader to stay realistic because the market fluctuates like the waving of a magic wand, so it's better that a trader who wants to have the right mindset to win, to always be alert and never be caught surprised by sudden market movements and shiny shitcoins that may promise to pump heavily and give investors huge profit.
The right mindset also goes well when good financial management is adhered to strictly. This tames greed and chasing losses or making very high risky moves that's impromptu.
Emotional control helps too and am sure the difference would be clear between gambling and trading when discipline is applied with all aforementioned characteristics needed to keep a sharp mind that's the right mind.

[Miles2006]

Trade and gambling are two different activity but, both are risky and unpredictable kind of activity although with the right approach trade can be more suitable when a person understands the basic knowledge. Op already mentioned few and patience is one of the most valuable key to trade success, knowledge is also considered important as seen without knowledge there’s no successful trade yet nothing is guarantee reason why over confidence about the market movement or trade analysis can be disappointing when things don’t go as planned, trading pattern matters  especially when the market is not in your favour firstly the main focus must be the capital.

[Josefjix]

Trade and gambling are two different activity but, both are risky and unpredictable kind of activity although with the right approach trade can be more suitable when a person understands the basic knowledge. Op already mentioned few and patience is one of the most valuable key to trade success, knowledge is also considered important as seen without knowledge there’s no successful trade yet nothing is guarantee reason why over confidence about the market movement or trade analysis can be disappointing when things don’t go as planned, trading pattern matters  especially when the market is not in your favour firstly the main focus must be the capital.

Has anyone complains that he or she loses trade because he isn't ready to shift his mindset?
And also, has a trader lost because he knows how to channel his mindset to getting more money wrongly?

What matters most is the ability to know exactly how to follow up the market and opt out the market when due, it's all matters.

[nara1892]

It's true that lately I see a lot of traders who treat trading like gambling, they really can't tell the difference so the way to seek profit or minimize losses is wrong, some of the advice you conveyed is good OP and I agree with the points, but unfortunately planning is always much easier than doing it and the most difficult in my experience is the matter of controlling emotions and greed, the thought of “easy money” really gets into traders when they make a profit, so limiting excitement and staying realistic is very important.

Everyone have the way he trade that he can do and favour him. People that treat trade as gambling they are not benefiting in it because they don't have plan they are just doing it just to get profit and trading need more understanding and know what you're really doing. If you are trading you should just focus on what you're doing and try to get some strategies that you feel he can probably work for you because everyone knows that trading is risk and unpredictable we can't the market. So anything you are doing you should just put it and 50/50 you lose or you get profit that is how trading is. If you don't have enough funds to take risk is better you should focus on investment in Bitcoin because that one can minimise your risk better then trading.

Yes, what happens in the end is that they will end up losing a lot of money instead of earning because every decision they make is not based on clear reasons and adequate knowledge. Trading is not for profit, it is meant to be learned and that is the reason why there are some people who are successful and those who treat it like gambling are usually people who want to get rich instantly but do not want to learn, even though the only way to grow in trading is to continue to improve knowledge and evaluate every mistake, but still everything will fall apart if for example from the beginning their understanding is wrong.

[Russlenat]

However, this does not mean that before a trader enters trading, he should have developed already all of these on what it takes to have a right mindset. Time and experience will definitely help us develop all of these, and by learning from other traders experiences and gradually apply them on our own when we are trading.

But I think what is a must before trading is DYOR. You don't have to be wise and smart at the beginning, but you have to be knowledgeable on what you are doing. Once you know well about trading, its as good to say that you can perform better than those who enter trading without knowing.