Trading with the right mindset

[HyperCodexV]

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:

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

> Emotional discipline: yes there’s two main popular emotions in trading which is fear and greed , but try to learn. How to control those emotions , don’t let emotions dictate your trades .

> patience : Never being in a hurry to trade always wait for high quality set ups with good risk to reward ratio , instead of forcing trades

> Risk-first mentality : most folks usually neglect this due to greed and big wins. Try protecting your capital before chasing profits , this should be one of your focus and stop blowing accounts

> 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 .

> consistency over excitement: stick to your system rather than chasing adrenaline.

> Adaptability: you know the market conditions can’t always be the same so you need to learn how to adapt . Like adjusting strategies when the market condition changes .

And always make sure you do your research before trading any pairs , token , commodities or currency.

Trading is not just about strategy, it’s mostly about your mindset. If you don’t control your emotions, you’ll end up trading like gambling. You need patience, discipline, and accept that losses will happen sometimes. Let’s take an a example, if someone loses a trade and immediately jumps into another trade just to recover the loss, that’s emotion talking. But a good trader will step back, wait for the right setup and only trade when it makes sense.

[Maiconbtc973]

So many traders enters the market or invest in it just to Make quick money without following the due process and learning everything about the market which can result to lose of there money and happiness. They have the mindset that as soon as I start, I will make money everyday and enjoy my life without knowing the strategies to it. Trading has many things to learn and master. Trading with the right mindset help alot because it will guide you in to not loosing your money, it will help teach you the techniques to follow, risk in trading and the rest, that's the more reason why we need a guidance to help us teach everything about trade. Alot of big investors and beneficiaries in trading today traded with the right mindset and it helped them became successful so it is good to always trade with the right mindset.

[Makus]

Not all aspects of trading focuses on the long term, perhaps you forgot that but just to remind you that only swing traders hold positions or leave their trades open for days to weeks or even months. It is important for traders in any category of trading to be emotionally disciplined just like you mentioned. As a disciplined trader it is important avoid being greedy, after setting a target make you take your profit when you finally hit it. Over trading and trying to make more profits is the reason why a lot of traders lose more in the long run, always take your profits.

[GIF-JOBS]

Not all aspects of trading focuses on the long term, perhaps you forgot that but just to remind you that only swing traders hold positions or leave their trades open for days to weeks or even months. It is important for traders in any category of trading to be emotionally disciplined just like you mentioned. As a disciplined trader it is important avoid being greedy, after setting a target make you take your profit when you finally hit it. Over trading and trying to make more profits is the reason why a lot of traders lose more in the long run, always take your profits.

One should never be greedy or emotional in trading, if we are guided by people and emotions then we will definitely lose. So here we have to trade using realistic skill based market research and right strategy, emotions will never give you anything good here. When we get greedy and do another trade with overconfidence, then there is no real good possibility in it, it becomes luck based and can even bring sure loss.

[Dareo]

-snip-
One should never be greedy or emotional in trading, if we are guided by people and emotions then we will definitely lose. So here we have to trade using realistic skill based market research and right strategy, emotions will never give you anything good here. When we get greedy and do another trade with overconfidence, then there is no real good possibility in it, it becomes luck based and can even bring sure loss.

But not everything will be fine just because there is no emotion. Many times the problem is when people make a plan but when the market turns around a little, they don't follow that plan. Again someone does the right analysis but when they see a loss, they get scared and rush out or take a trade in the opposite direction. Then emotion changes the decision, So I would say that it is not necessary to completely eliminate emotion but to follow your plan. Otherwise even if you have a good strategy, it won't work.

[Byebyebtc]

-snip-
One should never be greedy or emotional in trading, if we are guided by people and emotions then we will definitely lose. So here we have to trade using realistic skill based market research and right strategy, emotions will never give you anything good here. When we get greedy and do another trade with overconfidence, then there is no real good possibility in it, it becomes luck based and can even bring sure loss.

But not everything will be fine just because there is no emotion. Many times the problem is when people make a plan but when the market turns around a little, they don't follow that plan. Again someone does the right analysis but when they see a loss, they get scared and rush out or take a trade in the opposite direction. Then emotion changes the decision, So I would say that it is not necessary to completely eliminate emotion but to follow your plan. Otherwise even if you have a good strategy, it won't work.

Bro your basically still talking about emotions, all this actions is still as a result of emotional reactions,
I personally feel that if you have a stable emotion with a good strategy you are good to go

[Mr Reporter]

Not all aspects of trading focuses on the long term, perhaps you forgot that but just to remind you that only swing traders hold positions or leave their trades open for days to weeks or even months. It is important for traders in any category of trading to be emotionally disciplined just like you mentioned. As a disciplined trader it is important avoid being greedy, after setting a target make you take your profit when you finally hit it. Over trading and trying to make more profits is the reason why a lot of traders lose more in the long run, always take your profits.

One should never be greedy or emotional in trading, if we are guided by people and emotions then we will definitely lose. So here we have to trade using realistic skill based market research and right strategy, emotions will never give you anything good here. When we get greedy and do another trade with overconfidence, then there is no real good possibility in it, it becomes luck based and can even bring sure loss.

Well I think becoming greedy is in the human nature people just use full emotion to trade with even be guided by all means…why question do you use reality to trade when thing are not even do like that so many people that are just here for the earnings in the trading market with having to learn or reach out to get knowledge do such mistakes which is not supposed to be so at the end…the truth is if you are lucky to win the first trade you might be lucky to win the second trade or even the third trade…

[justdimin]

Not all aspects of trading focuses on the long term, perhaps you forgot that but just to remind you that only swing traders hold positions or leave their trades open for days to weeks or even months. It is important for traders in any category of trading to be emotionally disciplined just like you mentioned. As a disciplined trader it is important avoid being greedy, after setting a target make you take your profit when you finally hit it. Over trading and trying to make more profits is the reason why a lot of traders lose more in the long run, always take your profits.

Unfortunately there are many day traders wo are finishing up with losses as well and they do not know what they are doing. Saw too many people who got in and hoped that they would get rich with a single trade, and that is just not possible.

While we may even say that it is "possible" in the sense that these people saw things went up 100% or more, so they think it's possible, they do not realize what it would require for you to be in it, buy beforehand, and be able to sell afterwards. Not only you would ruin a low cap situation and make it not happen, you would also crash it back again if you tried to sell. This is why it is not as possible as they think ,and they trade to make something like that happen which will not happen.

[Fredomago]

-snip-
One should never be greedy or emotional in trading, if we are guided by people and emotions then we will definitely lose. So here we have to trade using realistic skill based market research and right strategy, emotions will never give you anything good here. When we get greedy and do another trade with overconfidence, then there is no real good possibility in it, it becomes luck based and can even bring sure loss.

But not everything will be fine just because there is no emotion. Many times the problem is when people make a plan but when the market turns around a little, they don't follow that plan. Again someone does the right analysis but when they see a loss, they get scared and rush out or take a trade in the opposite direction. Then emotion changes the decision, So I would say that it is not necessary to completely eliminate emotion but to follow your plan. Otherwise even if you have a good strategy, it won't work.

Bro your basically still talking about emotions, all this actions is still as a result of emotional reactions,
I personally feel that if you have a stable emotion with a good strategy you are good to go

Yeah right, still emotional control that's needed to prevent changing your way when you already set up your strategy, discipline is important in terms of following whatever set up that you made before jumping in with your trading participation, most likely those who are good in following their strategy together with controlling their emotionshave a better chance of succeeding, though not a guarantee but it gaves time to complete to potential target before closing your trade.

[GiftedMAN]

So many traders enters the market or invest in it just to Make quick money without following the due process and learning everything about the market which can result to lose of there money and happiness. They have the mindset that as soon as I start, I will make money everyday and enjoy my life without knowing the strategies to it. Trading has many things to learn and master. Trading with the right mindset help alot because it will guide you in to not loosing your money, it will help teach you the techniques to follow, risk in trading and the rest, that's the more reason why we need a guidance to help us teach everything about trade. Alot of big investors and beneficiaries in trading today traded with the right mindset and it helped them became successful so it is good to always trade with the right mindset.

Most people mindset towards trading is just to make quick money, which they don't really care to know how to go about, which they are interested in seeking guidance, as they ought to do because seeking guidance and advice from a good source helps one to minimise the chances of having more losses. But, their emotions will not allow them to make informed choice that will lead them into making mistakes that might ruined their lives.

[Pressurizedem]

Not all traders go into trading with the best frame of mind, some go into trading while they are angry, the others go into trading with a rush, while some go into trading with high expectations, hoping to make huge amount of money Everytime they trade, but trading does not want that, trading requires a lot of patience, a lot of attention, a lot of research, and a lot of experience. For one to begin trading, you must be in the best frame of mind, you must get your attention from every other thing, and focus solely on trading because for you to have a successful trader that day, it will depend on the mindset you go I to the trading with, you must not be in a bad mood and expect you will trade ans make profit, your mood will simply affect your decision and therefore, it will make you make wrong choices in the course of the trading.
It is only people who are in a good mood, and also having in mind that trading most times comes with bad results, but at least, your mind should be set on a good mode, taking note of every detail as usual, and making your choice right without being distracted by anyone or anything. Then, you can expect to make profit.

[kawetsriyanto]

Trading is not just about strategy, it’s mostly about your mindset. If you don’t control your emotions, you’ll end up trading like gambling.

Agree, trading is also about the mentality and mindset. If we have no emotion control, we may end up with losses due to panic or greedy. However, I don't think it is similar as gambling because it actually has a different approach. In trading, we can set a cutloss or stoploss, this can avoid severe losses. Even we get emotional, we won't end up with severe losses if we set a stoploss at the beginning. As far as I know, gambling has no this feature.

You need patience, discipline, and accept that losses will happen sometimes. Let’s take an a example, if someone loses a trade and immediately jumps into another trade just to recover the loss, that’s emotion talking. But a good trader will step back, wait for the right setup and only trade when it makes sense.

Indeed. We need patience, we must accept any losses. Just take some lessons and go on to the next attempt if we experience losses. We don't need to be emotional because it will be useless. Good traders must be aware of the potential losses before they start trading. So, they don't regret it and become emotional when they are experiencing losses. However, to do it properly, the main factor remains "knowledge". Having proper knowledge and experience, traders can setup better strategies.

[suhadi88]

> 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 .

Of the many options, the one that provides the most results and value is that if we are capable take that, at least we already have the potential to become rich.

Belief and consistency are the next key, meaning we can motivate ourselves that this investment model is real and will produce results. For example, the Lump Sum and Hold concept is similar to the Dollar Cost Averaging (DCA) investment model. They are almost similar. Is there a difference in profits? I don't think it's that not so big different.

[Ever-young]

So many traders enters the market or invest in it just to Make quick money without following the due process and learning everything about the market which can result to lose of there money and happiness. They have the mindset that as soon as I start, I will make money everyday and enjoy my life without knowing the strategies to it. Trading has many things to learn and master. Trading with the right mindset help alot because it will guide you in to not loosing your money, it will help teach you the techniques to follow, risk in trading and the rest, that's the more reason why we need a guidance to help us teach everything about trade. Alot of big investors and beneficiaries in trading today traded with the right mindset and it helped them became successful so it is good to always trade with the right mindset.

Some people don't even think to know more about trading, how will person of such have the knowledge to know what they are meant to do, as their mindset is just focus in earning instant profits, no process at all, no knowledge or any understanding of trading. Which is important for them to make sure they got the right mindset, by knowing the risks management and also know that getting to trade, the important attribute they need to display its act of contention, as its necessary for them to start small until they got enough experience that will help through.

[CoinFoxs]

Any traders that is carry out research before trading it hard for such traders to fail in his trading, because you will see some signs ahead of you and it will help you to take a good decision that will make you smile in the future. Do you know that everybody in the crypto market can decide to avoid loss in the market if only every traders can pay attention to their research before taking action in the market to trade..

Some have allowed other traders to deceived them, because they where very lazy to know how to avoid what will cost them pain which is not what traders like to experience from trading.

Agreed but to some extent because trading is unpredictable no one can predict correctly, they all have just giving their opinions according to their experiences. Sometimes due to major developments and major events including burning of coins can play role in price hike but it depends on luck totally, nowadays people should only invest in top 20 altcoins.

[Nanga Parbat]

Some people don't even think to know more about trading, how will person of such have the knowledge to know what they are meant to do, as their mindset is just focus in earning instant profits, no process at all, no knowledge or any understanding of trading. Which is important for them to make sure they got the right mindset, by knowing the risks management and also know that getting to trade, the important attribute they need to display its act of contention, as its necessary for them to start small until they got enough experience that will help through.

Your idea is good but few people will follow that because most of the people want to be rich which is possible but they are watching the videos on the You tube and they are inspired and they want to earn online and they want to leave the work which they are doing physically because they think that online work is much more easy as comparison to physical work, but that statement is wrong because they have to learn from a person who is always successful in the trading and he has experience of more than 5 years. When you will spend a lot of time with your mentor,you will understand how he is managing the trading and investment and how is growing in the market and what is difference between him and other traders who are in loss and they want to turn their loss into profit. If you are a new then you should seek a professional investor who will guide you how to make profit online but there is no guarantee to be in profit because that is online investment which is at risk.

[Sawera2255@]

Not all aspects of trading focuses on the long term, perhaps you forgot that but just to remind you that only swing traders hold positions or leave their trades open for days to weeks or even months. It is important for traders in any category of trading to be emotionally disciplined just like you mentioned. As a disciplined trader it is important avoid being greedy, after setting a target make you take your profit when you finally hit it. Over trading and trying to make more profits is the reason why a lot of traders lose more in the long run, always take your profits.

Yes you said right whenever a person become greedy he must face loses we should take a profit from the market according to our target and remain away from market when a person expect more and more then he loses his actual money or if we face any lose from market so we should remain away from market rather then become emotional and do more trade and invest more money . In this market who ever became emotional trading he must face loses.

[leonair]

Not all aspects of trading focuses on the long term, perhaps you forgot that but just to remind you that only swing traders hold positions or leave their trades open for days to weeks or even months. It is important for traders in any category of trading to be emotionally disciplined just like you mentioned. As a disciplined trader it is important avoid being greedy, after setting a target make you take your profit when you finally hit it. Over trading and trying to make more profits is the reason why a lot of traders lose more in the long run, always take your profits.

Yes you said right whenever a person become greedy he must face loses we should take a profit from the market according to our target and remain away from market when a person expect more and more then he loses his actual money or if we face any lose from market so we should remain away from market rather then become emotional and do more trade and invest more money . In this market who ever became emotional trading he must face loses.

To make a profit from trading, you have to be satisfied with small profits. After making a profit, if you think that if you continue trading, you will be able to make a bigger profit. This is a wrong decision. Emotions give people the assurance of getting everything very quickly. For example, if someone makes a profit once in gambling, he thinks that he is lucky and that he is an expert in gambling. Therefore, it is seen that the profit that a gambler can make once, he loses the money of that profit very quickly and also loses his own capital. In the case of trading, those who want to get a quick profit and are not satisfied with small profits never trade with the right main set. They use trading like gambling.

[IjawMan]

Not all aspects of trading focuses on the long term, perhaps you forgot that but just to remind you that only swing traders hold positions or leave their trades open for days to weeks or even months. It is important for traders in any category of trading to be emotionally disciplined just like you mentioned. As a disciplined trader it is important avoid being greedy, after setting a target make you take your profit when you finally hit it. Over trading and trying to make more profits is the reason why a lot of traders lose more in the long run, always take your profits.

There are different types of traders in the market that have their own capacity when it relates to capital. The swing traders you have mentioned can stay in the market for months since they are using huge amounts of money to trade and for them to make profit, they have to be in the market for months before they can leave the market after making substantial profits.

There are factors traders need to ensure they work with for them to abstain from making unnecessary mistakes when trading. Traders that are trading with smaller capital like the scalpers and day traders may not have the ability to spend a long time in the market.

[Bright0515]

One thing you must always remember as a trader is that having knowledge doesn't mean that you are going to make profit, you must learn other things as well like being disciplined, knowing how to manage your risks and having a good strategy. You cannot have a right mindset as a trader and say you trade without have a strategy.

Trading with the right mindset means that you are not making your decisions based on how you feel emotionally but you are doing that only based on logic.