Trading with the right mindset

[mirakal]

However, despite of those you've listed, losses are still inevitable. Simply because we are trading in a highly volatile market that even pros in trading still commit mistakes and eventually lose their trades.

But if you take time to develop all these traits from your trading mistakes and losses in the past, you will gain an edge in trading and you will increase your trading potentials and make positive trades. The process will definitely take time so you need to be patient throughout your trading journey because it will surely pay off in the end.

[HustleZ]

[..]

No matter ho much a person's Mindset is right in trading he is going to lose and there are solid statistics of it, almost 99% of traders blow their account in first 6 months of trading. The thing that is wrong with people is they think they will be in the 1% but that's not the case. You think yourself, out of the 99% people atleast 4-5% would have followed what you say but still they didn't succeed because trading is just pure luck, traders just feed the big institutions by losing continuously. The only safe thing is investing, (DCA). Here there is no liquidations no manipulations and no losses. Bitcoin is Aimed to reach great heights and knowing this, There is nothing to lose in DCA.

[Agbe]

It takes mental focus and discipline to trade i didn't know that some people are spiked up by adrenaline, I thought this was something that affects only gamblers. But here's the thing you need to know, you can do everything right and still end up incurring losses, the market does not have a linear path to succeeding. To reduce losses you must learn from your mistakes and also follow the principle of risk management.

[GiftedMAN]

It takes mental focus and discipline to trade i didn't know that some people are spiked up by adrenaline, I thought this was something that affects only gamblers. But here's the thing you need to know, you can do everything right and still end up incurring losses, the market does not have a linear path to succeeding. To reduce losses you must learn from your mistakes and also follow the principle of risk management.

Discipline, patience and determination is the key to a successful trading, and its important for every trader to always exercise or make it a habit, which will help them to maintain that focus and also do research in any area they don't understand, and trade with amount the amount they can afford, and should also know that they can't get instant profit, because the earlier they know this, the better for them and most important they should not neglect the rules and regulations of trading.

[Webetcoins]

If you are calm and strategic then you are going to be at the right mindset, it is not easy but it can be done and a lot of people do it. Unfortunately it is not an easy task but it can be done if you just learn to do it with time.

A newbie will have harder time doing this because emotions will play a big role, but a veteran will be able to do this because it is going to be easier with experience and doing it over and over again. Be patient and with time you are going to become a better trader.

[I_Anime]

If you are calm and strategic then you are going to be at the right mindset, it is not easy but it can be done and a lot of people do it. Unfortunately it is not an easy task but it can be done if you just learn to do it with time.

A newbie will have harder time doing this because emotions will play a big role, but a veteran will be able to do this because it is going to be easier with experience and doing it over and over again. Be patient and with time you are going to become a better trader.

Yeah…trading not all about strategy alone is more one being discipline and stuff . And many lacks such in their trading routine . That’s why many literally finding it hard to become profitable trading , because most folk mind are fixed in the profit alone they don’t want to go through the journey , they just want to make the money real quick .

I was once like that though, but with time I began to see how’s messing up my trading plans . But still I will say still a work in progress, cause I don’t want to gamble with my hard earn funds , that’s why I urge others to take their time and learn first , before going into trading .

[Mame89]

Trading normally seems to be like gambling to those who misunderstand it, who are just willing to come into trading for the sake of making quick money.

Understanding is very important in trading; it gives one a better mindset of how to approach trading. However, when there is no understanding, it just seems like gambling, where one is only relying on luck to win. When it comes to trading, understanding is everything.

I agree with you. Developing the right mindset for trading is crucial, as it prevents trading from becoming like gambling. With the right mindset for trading, you'll focus on discipline, risk management and objectivity, rather than trading for quick profits. With the right mindset you'll accept losses as part of trading, and you'll use these losses as learning experiences and evaluation materials to improve your trading skills in the future. The key to having the right mindset is controlling your fear and greed and having a desire to continuously learn.

You must also have this mindset Trading is a lonely, personal adventure. No one cares if you succeed and no one will help you if you fail. You're the only one competing against yourself, so changing your mindset about trading is a key step towards becoming a successful trader.

[Cyber_warrior]

If you are calm and strategic then you are going to be at the right mindset, it is not easy but it can be done and a lot of people do it. Unfortunately it is not an easy task but it can be done if you just learn to do it with time.

A newbie will have harder time doing this because emotions will play a big role, but a veteran will be able to do this because it is going to be easier with experience and doing it over and over again. Be patient and with time you are going to become a better trader.

It's not easy for even veterans as well it's just an individual difference doesn't matter how experienced you are, even newbies can as well train their minds to be disciplined. Trading really requires a lot of time and patience but that is something newbies lack that's just the difference they are having with experienced traders.

If you can be patient you will definitely get the best of it even though profit is not certain you will not lose too much money while trading. Also having the patience to learn about trading properly is what newbies should on more because it is the background of their success in trading.

[Ziskinberg]

The common reason why most traders end up losing is that, they trade insufficiently, they trade lacking those right mindset crucial for trading. They think trading is like as easy as plain investing, but when the market turns unstable and bitcoin price starts to go sideways, those who trade without proper mindset will eventually fall for wrong decisions.

This is the biggest challenge with trading, you need to trade having the right mindset. It may not be an abrupt transformation, but every trader is required to gain the right mindset to increase winning potentials in trading.