Trading with the right mindset

[Big Dirams]

Even if all the right mindset and strategy is present you will still lose money in trading because it's more like you gambling your money in a casino, if I have to advice someone about trading it will be on spot trading, no futures no margin, even pro traders do lose money too, I have watched live trading on YouTube from different traders who claimed that they are pro but things went wrong for them. Crypto market is more like predicting the future, just be ready to higher lose a lot of lose small amount of money, the choice is yours to make.

Trading might have some similarities like gambling market but they differs in time is so many things for instance in time of money management. Losses in trading are some thing inevitable and no matter how knowledgeable a trader is he or she can not trade without facing losses that can’t occur. The losses might reduce and the risk of the losses might go way down when such trader has the right experience and proper knowledge but losses are just inevitable.
 A lot of professional traders we have seen them trade live and some trading results into loss that just the process of the market. We can reduce the risk and losses we might face but we can overcome losses in trading for ever that can’t be possible.
 But one thing I will oppose is you seeing trading and gambling as same, seeing them as they are just one that not how it is.

[lizarder]

This is what many traders lacks . And what make most of them compares trading and gambling, yeah they relate to some extent ( I will just say in the emotions part ). Yeah gambling and trading gives similar feelings when one is winning or losing , but works differently.

Now I will go straight to the point , Right Mindset a trader should have:

Proper management and continuous effort are needed to achieve discipline in trading so that one can engage in it appropriately. Achieving good trading skills requires practice and the right knowledge so that we know when the right time to enter a trade is. Most people are sometimes so greedy and unwilling to wait, that they only think about how much they are involved in a trade, rather than thinking about effectively seizing the right market entry opportunities.

There are many things to learn to become more experienced because without proper knowledge, trading will not produce the results we expect. Many people fail in trading due to various circumstances. Therefore, when we want to learn trading properly, it requires management, discipline and not targeting large and quick profits in the trades we undertake.

[justdimin]

I think that getting success through trading is not an easy way, but if you have the right knowledge and are able to understand the market movements and enter the market at the right time with patience and are able to handle excessive greed and exit the market with a smile, then you can make money through trading. If you choose trading without understanding anything and just sit in greed to get rich quickly, then you will face loss of all your money, as we can see from the outside, in reality it is relatively difficult to achieve success through trading, most new investors choose trading in the hope of making quick money, so they lose their money quickly. Trading is profitable, but in reality it is not as easy as new traders think.

Trading is one of the hardest ways to make money because it's open to everyone which means that competition is very fierce. Just because it can be done, people think that the possibility is easy but the reality is that most people end up losing money when they are trading, and that is not a good way to grow and we should not be considering this as a good thing, it is definitely not an easy task at all.

You cannot control your emotions as emotions are swinging based on anything which means you cannot have a right mindset all the times. When a right mindset is beyond our control, looking for it to trade better sounds like depending on luck factor. Sticking with a plan may not be feasible when you are not in right mindset and with this reason, many traders are failing as per what I learn on trading psychology.

[Josefjix]

There are many things to learn to become more experienced because without proper knowledge, trading will not produce the results we expect. Many people fail in trading due to various circumstances. Therefore, when we want to learn trading properly, it requires management, discipline and not targeting large and quick profits in the trades we undertake.

Yeah, whenever these healthy behavior is set in place, the results start coming immediately and differently other than before. Been at the good state of mind creates the perfect Serene of making the right decisions and executing trades that seems imaginable.
But are some traders who can't stand the chance of having the perfect mindset and ruin every trading opportunities and even the learn the hard way.

[PERtua]

There are many things to learn to become more experienced because without proper knowledge, trading will not produce the results we expect. Many people fail in trading due to various circumstances. Therefore, when we want to learn trading properly, it requires management, discipline and not targeting large and quick profits in the trades we undertake.

Yeah, whenever these healthy behavior is set in place, the results start coming immediately and differently other than before. Been at the good state of mind creates the perfect Serene of making the right decisions and executing trades that seems imaginable.
But are some traders who can't stand the chance of having the perfect mindset and ruin every trading opportunities and even the learn the hard way.

Attitude is a massive contributing factor to trading. Knowledge is not everything; many traders believe that good strategy can be ruined because without discipline and appropriate management of risks, even knowledge can do little. The eagerness to make fast and substantial gains usually causes overtrading, emotional decision making, and unwarranted losses. Once a trader learns how to be patient and control the emotions, the outcomes are bound to be better as it is the logic, not emotions that will make the decisions. Cool and attentive state of mind assists in being consistent in the course of a plan and embracing the losses as part of the journey. Surviving and being consistent in the business of trading is much better than ending up with quick money.

[Bitcoin_people]

Many times people think that trading is a way to make quick money but those who plan like this can never succeed. At one time I thought that maybe it is possible to make a lot of money by trading, although I thought so at the beginning, but later when I was losing after trading, I realized that it is not possible to make profit here without experience and without skills. To trade, you have to maintain various types of discipline, only then will you be successful, especially controlling yourself and having enough knowledge along with experience and skills. You have to learn to analyze the market well and manage your financial position well. It is very important to maintain consistency as well. So to trade, you need to know everything and take advice from all traders, which will make us regret a lot.