Trading with the right mindset

[Lannakosa]

The right mindset in trading is to be prepared for the fact that things can go wrong, sometimes very wrong. You also need to set yourself clear entry and exit rules based on price. Everyone would love to enter at a market low and exit at a high but we also know that this is very difficult, which is why simply exiting when we feel we have made a profit that satisfies us should make us happy. If you take too many risks, you break up all your hard work.
Remember that rules: well done trading is a job, not a hobby.

Trading can be either a full time job or an additional activity, an additional activity is basically a hobby, especially if you enjoy trading. If you close a trade with profit, that is good in any case. There is no need to worry if the price continues to rise after you exit the trade. The most important thing is that you made a profit. In general, you should aim to increase the number of profitable trades rather than trying to make a larger profit from one specific trade.

[Hypnosis00]

If only those beginners have been aware how risky trading is, and how it requires a lot of basic knowledge, skills and even positive traits, then they would have not rushed into trading and expect getting rich instantly from trading.

But there are still few beginner traders who see them as challenges, and the more they get trapped with the hardships in trading, the more they will be more driven and passionate to succeed their future trades, even if it means losing and having failures on their initial trades.

[jossiel]

If only those beginners have been aware how risky trading is, and how it requires a lot of basic knowledge, skills and even positive traits, then they would have not rushed into trading and expect getting rich instantly from trading.

Their only resource is probably youtube and social media.

That's how they garnered their information that trading is profitable and after that, they don't have any clue of what its realities are.

Well, if they will pursue that. In the end, they'll learn all of those things through their experience but in a hard way.

[Johnlomape]

If only those beginners have been aware how risky trading is, and how it requires a lot of basic knowledge, skills and even positive traits, then they would have not rushed into trading and expect getting rich instantly from trading.

But there are still few beginner traders who see them as challenges, and the more they get trapped with the hardships in trading, the more they will be more driven and passionate to succeed their future trades, even if it means losing and having failures on their initial trades.

Trading is not only about you trying to make profits but also making sure that the profit you have made so far do not get back to the exchange or broker you are using to trade. This is the mistakes of traders always make in the attempt to make more profits they will find themselves in a big problem after losing the profits they had made maybe in few days ago especially when they had publicized it to people around them. Trading should more of educative mindset because that is what is going to help a trader to become profitable in a long journey without expecting too much.

[nara1892]

If only those beginners have been aware how risky trading is, and how it requires a lot of basic knowledge, skills and even positive traits, then they would have not rushed into trading and expect getting rich instantly from trading.

Their only resource is probably youtube and social media.

That's how they garnered their information that trading is profitable and after that, they don't have any clue of what its realities are.

Well, if they will pursue that. In the end, they'll learn all of those things through their experience but in a hard way.

Fomo is what underlies their desire to get involved in trading, hoping to achieve large profits and get rich quickly, like the people they see.

Social media and the internet are indeed very influential, and they often adopt what they see as a standard of living, serving as an example, but with little chance of learning from it.

What you say is true: if they can pursue it diligently, they might also succeed, but it will certainly require a more complex and difficult process. A healthy mindset should help prevent them from misguided goals from the start.

[jossiel]

Their only resource is probably youtube and social media.

That's how they garnered their information that trading is profitable and after that, they don't have any clue of what its realities are.

Well, if they will pursue that. In the end, they'll learn all of those things through their experience but in a hard way.

Fomo is what underlies their desire to get involved in trading, hoping to achieve large profits and get rich quickly, like the people they see.

Social media and the internet are indeed very influential, and they often adopt what they see as a standard of living, serving as an example, but with little chance of learning from it.

What you say is true: if they can pursue it diligently, they might also succeed, but it will certainly require a more complex and difficult process. A healthy mindset should help prevent them from misguided goals from the start.

The process might be complex and hard for them. But if they're persistent and serious about it, I think at some point they'll be able to make it.

But if they're just random traders that think it's a way to get rich without proper planning. They're only wasting their time and money in it.

Because the successful traders are existing but they went for a long process of failures before they're able to reach that.

[nara1892]

Fomo is what underlies their desire to get involved in trading, hoping to achieve large profits and get rich quickly, like the people they see.

Social media and the internet are indeed very influential, and they often adopt what they see as a standard of living, serving as an example, but with little chance of learning from it.

What you say is true: if they can pursue it diligently, they might also succeed, but it will certainly require a more complex and difficult process. A healthy mindset should help prevent them from misguided goals from the start.

The process might be complex and hard for them. But if they're persistent and serious about it, I think at some point they'll be able to make it.

But if they're just random traders that think it's a way to get rich without proper planning. They're only wasting their time and money in it.

Because the successful traders are existing but they went for a long process of failures before they're able to reach that.

Basically, any form of success isn't as easy as you might imagine, so it's perfectly natural that the process is difficult and complicated; this is part of the requirements for achieving success.

Anything done without the right intention and hard work, and based solely on hopes and dreams, will never succeed. As you said, they will ultimately just waste a lot of money and time. This is a fact.

Therefore, to achieve success in any field, one must work very hard, be disciplined, consistent, patient, and have a strong mentality.

[jossiel]

The process might be complex and hard for them. But if they're persistent and serious about it, I think at some point they'll be able to make it.

But if they're just random traders that think it's a way to get rich without proper planning. They're only wasting their time and money in it.

Because the successful traders are existing but they went for a long process of failures before they're able to reach that.

Basically, any form of success isn't as easy as you might imagine, so it's perfectly natural that the process is difficult and complicated; this is part of the requirements for achieving success.

Anything done without the right intention and hard work, and based solely on hopes and dreams, will never succeed. As you said, they will ultimately just waste a lot of money and time. This is a fact.

Therefore, to achieve success in any field, one must work very hard, be disciplined, consistent, patient, and have a strong mentality.

That is the requirement of success. Someone has to experience the reality of what trading really is and how difficult it is to become profitable.

The mentality is just second or not even a priority. Despite that many traders can say that they're determined to profit and they've got the initiative to remain positive.

But that doesn't convert into action that shall make their trades profitable because, it is the real deal that many keeps the losses.

[Z_MBFM]

If only those beginners have been aware how risky trading is, and how it requires a lot of basic knowledge, skills and even positive traits, then they would have not rushed into trading and expect getting rich instantly from trading.

But there are still few beginner traders who see them as challenges, and the more they get trapped with the hardships in trading, the more they will be more driven and passionate to succeed their future trades, even if it means losing and having failures on their initial trades.

Trading is not only about you trying to make profits but also making sure that the profit you have made so far do not get back to the exchange or broker you are using to trade. This is the mistakes of traders always make in the attempt to make more profits they will find themselves in a big problem after losing the profits they had made maybe in few days ago especially when they had publicized it to people around them. Trading should more of educative mindset because that is what is going to help a trader to become profitable in a long journey without expecting too much.

Everyone can profit from trading, but it is temporary. When someone makes a profit, their greed increases and they are not satisfied with that amount of profit. They are interested in making bigger profits and they think they are very clever and increase their trading capital and take bigger risks. Especially for those who do futures trading, it works like gambling. Profits can be maintained by trading if someone is satisfied with small profits and does market analysis for a long time. However, such traders are very rare, most traders are very panicky, due to which they jump into trading without doing deep analysis. And that is why if they can make a profit for a short time, they lose permanently.

[Fredomago]

The process might be complex and hard for them. But if they're persistent and serious about it, I think at some point they'll be able to make it.

But if they're just random traders that think it's a way to get rich without proper planning. They're only wasting their time and money in it.

Because the successful traders are existing but they went for a long process of failures before they're able to reach that.

Basically, any form of success isn't as easy as you might imagine, so it's perfectly natural that the process is difficult and complicated; this is part of the requirements for achieving success.

Anything done without the right intention and hard work, and based solely on hopes and dreams, will never succeed. As you said, they will ultimately just waste a lot of money and time. This is a fact.

Therefore, to achieve success in any field, one must work very hard, be disciplined, consistent, patient, and have a strong mentality.

That is the requirement of success. Someone has to experience the reality of what trading really is and how difficult it is to become profitable.

The mentality is just second or not even a priority. Despite that many traders can say that they're determined to profit and they've got the initiative to remain positive.

But that doesn't convert into action that shall make their trades profitable because, it is the real deal that many keeps the losses.

Indeed, even how positive you are it won't guarantee you that you'll always find success from this venue, what you need is to acheive more experience and convert things to positive patterns that may lead you to anticipate the next market  movement, more on improving your skills and capability and not just to lean to whatever you have, kee being open minded and always take the knowledge either you experince losses or profits you must have the value of the situation to keep improving your knowledge.

[batang_bitcoin]

Everyone can profit from trading, but it is temporary. When someone makes a profit, their greed increases and they are not satisfied with that amount of profit. They are interested in making bigger profits and they think they are very clever and increase their trading capital and take bigger risks. Especially for those who do futures trading, it works like gambling. Profits can be maintained by trading if someone is satisfied with small profits and does market analysis for a long time. However, such traders are very rare, most traders are very panicky, due to which they jump into trading without doing deep analysis. And that is why if they can make a profit for a short time, they lose permanently.

Those who have been trading in the futures and are making money, it's either they're just about to break even. Most of them are losing money and it is not publicized and that's why if you're going to look at them, it's really giving them a thought of how much they have to recover than how much they have profited. And if they're trading with the right mindset, that gives them the hope that they'll still do fine despite that many probably have been incurring losses with all of the kind of trades that they do.

[8rch7]

Everyone can profit from trading, but it is temporary. When someone makes a profit, their greed increases and they are not satisfied with that amount of profit. They are interested in making bigger profits and they think they are very clever and increase their trading capital and take bigger risks. Especially for those who do futures trading, it works like gambling. Profits can be maintained by trading if someone is satisfied with small profits and does market analysis for a long time. However, such traders are very rare, most traders are very panicky, due to which they jump into trading without doing deep analysis. And that is why if they can make a profit for a short time, they lose permanently.

Sometime trading have luckiness moment and every one earn profitable from trading but its not consistent exactly for trader full speculation trading at future, once time after success earning profit increase not only capital but also use maximum leverage hope the next time could earn much profitable. Trading without analyst and research how the pattern of coins is purely depend on luckiness not all moment can earn profit, indeed trade at the future use the minimum leverage avoid from liquidation and you must have much back up funs make your position not close qith liquid.
So trade in cryptocurrency trading based on your knowledge, your research and don't purely based on the luckiness only because its can't guarantee you earn profit every time.

[jossiel]

That is the requirement of success. Someone has to experience the reality of what trading really is and how difficult it is to become profitable.

The mentality is just second or not even a priority. Despite that many traders can say that they're determined to profit and they've got the initiative to remain positive.

But that doesn't convert into action that shall make their trades profitable because, it is the real deal that many keeps the losses.

Indeed, even how positive you are it won't guarantee you that you'll always find success from this venue, what you need is to acheive more experience and convert things to positive patterns that may lead you to anticipate the next market  movement, more on improving your skills and capability and not just to lean to whatever you have, kee being open minded and always take the knowledge either you experince losses or profits you must have the value of the situation to keep improving your knowledge.

And the discipline that you're going to take profit even if it's quite small that shall satisfy you for that trade.

Because that's when a trader falls from their plan of profiting when they lack discipline and no longer following the goal of profiting.

They want it big but they are falling short from that target and they're not making it big despite that they've made small already that they're not contented.

[justdimin]

Indeed, even how positive you are it won't guarantee you that you'll always find success from this venue, what you need is to acheive more experience and convert things to positive patterns that may lead you to anticipate the next market  movement, more on improving your skills and capability and not just to lean to whatever you have, kee being open minded and always take the knowledge either you experince losses or profits you must have the value of the situation to keep improving your knowledge.

The reason why "experience" matters so much is that it allows you to use "a or b" method. Meaning that you do something, see if it works or not, if it works then you utilize it, if it doesn't then you remove it from your strategy. This gets piled up over time, for years you grow up and learn better about it, and you use many things and you see what works when and what doesn't work at certain times, what is better during bull run and what is better at stable times and what doesn't work on bear runs etc etc.

With that many experience and testing, you end up learning so much. When you do not test, or when you are newbie, you have no information and you have to hope that whatever you have simply works, if not then you have no idea what else to do.