When to know you are a good trader

[Zanab247]

In my opinion, a good trader is someone who is good at managing emotions, making decisions, and is confident in those decisions. These three elements are essential for a trader because trading isn't just about buying and selling. Assets are goods. We must understand market conditions, market needs, why we're buying, current trends, and much more. It's not just about buying when they're up and selling when they're green. If trading were that simple, many would have become rich from trading. The reality is, it's not.

When you are good in managing emotions, risk taking and decisions taking it will be hard for such traders to be afraid of profit making, because they have organized themselves well to earn massive profits from trading.That is where some people are missing it about crypto trading, because they think is all about buying and hodling which is not true as a potential trader that is ready to grow higher in profit making.

When you know the purpose of trading your BTC in the bull market, I guess you will know the reason why you involve yourself in BTC trading. You know that you are going to earn profit that will make you comfortable in trading, because you are good in achieving what you want from BTC trading.

[Royal Cap]

When you are good in managing emotions, risk taking and decisions taking it will be hard for such traders to be afraid of profit making, because they have organized themselves well to earn massive profits from trading.That is where some people are missing it about crypto trading, because they think is all about buying and hodling which is not true as a potential trader that is ready to grow higher in profit making.

When you know the purpose of trading your BTC in the bull market, I guess you will know the reason why you involve yourself in BTC trading. You know that you are going to earn profit that will make you comfortable in trading, because you are good in achieving what you want from BTC trading.

But in reality it is not as easy as it sounds. It is true that trading is much smoother with emotion control and discipline, but this is where most people actually lose. When the market is going well, everyone considers themselves a pro but when it reverses a little, the decisions become chaotic. And just buying and holding doesn't always work, that's true but not everyone is ready for active trading either, I think you need to understand your capabilities first and then you should decide your trading style.

[Bitcoin_people]

Traders recommend and emphasize the importance of planning, that's trading with a written plan.A clear plan allows decisions to be made without emotional baggages, preventing panic By following a structured approach,from the entry point to the risks management, you gain superior control over both your capital and emotions.

Yes you are right, trading mainly depends on the plan of each person, those who are well-informed and can trade with intelligence and determination can be real traders. There are many people who trade without a plan and they are very emotional, due to which their control is very different. Real traders always move forward according to their plan and can control their emotions which does not allow them to collapse. Those who can move forward with their plan well and have a clear plan and can control their risk management are the ones who profit.

[Adams0001]

I think this where taking profit and setting stop loss actually comes into play, yes OP might be right in his opinion of stop loss been use by greedy traders but it’s very much useful for even traders that are not greedy and this your example is the perfect one for it. Imagine me been in a trade already before the market started some hivh volatile fluctuations but I still see it as a short term trend and still have my belief in my trade then I can simply just set stop loss at a price I can afford to lose and allow the market do its thing. If it goes in my favor then I get rewarded for my patience but if it goes against my prediction then I lose what I can afford to lose

Greedy make many people lose in trading when they have understood it but they really need huge profit and trading is not like that when you're getting profits is better you should cashout, but if you're someone that always want to take risk you can do it but if you're a newbie you shouldn't rash to get huge profit anything start gradually, And is better you should always stay what you can afford to lose. Because in trading if you didn't used funds that you can lose you'll regret. When you should know that you're a good trader is when you stop losing frequently in trading, and you get profit time to time because trading is unpredictable sometimes and you can't says you can be getting profits always be is volatile and the makers don't go well always.

[Finebone]

Greedy make many people lose in trading when they have understood it but they really need huge profit and trading is not like that when you're getting profits is better you should cashout, but if you're someone that always want to take risk you can do it but if you're a newbie you shouldn't rash to get huge profit anything start gradually,

It's not only greed that makes traders lose money in trading, so many things can happen in the market, that may cause a trader to lose money, like lack of knowledge in technical and fundamental analysis, lack of emotional control and lack of patience. Greed is still part of the emotional aspect, but take note that if you are not greedy, you can't win big, running away with small gains all the time will not give you what you are seeking for.

. When you should know that you're a good trader is when you stop losing frequently in trading,

In the end, the final result of your trading activities will determine if you are a good trader or not, so if you are a profitable trader, you are a good trader, it's as simple as that.

[justdimin]

When you are good in managing emotions, risk taking and decisions taking it will be hard for such traders to be afraid of profit making, because they have organized themselves well to earn massive profits from trading.That is where some people are missing it about crypto trading, because they think is all about buying and hodling which is not true as a potential trader that is ready to grow higher in profit making.

When you know the purpose of trading your BTC in the bull market, I guess you will know the reason why you involve yourself in BTC trading. You know that you are going to earn profit that will make you comfortable in trading, because you are good in achieving what you want from BTC trading.

I wouldn't say massive. Most profitable traders that I know, do not look for "massive" income from every trade, they do just enough for whatever and they are fine with it. I think we are seeing how things are changing and for that reason we should be looking at this like it's the most normal way. I think it's clear that we are going to see things be a lot easier if you looked for small profits in bigger numbers.

Do not have 1 trade that makes you 100% profit, look for 100 trades that makes you 1% and you are going to be better. Most good traders that I know do that and it's going to be a lot better for you and you are going to end up with a lot better results. Most avoid that and look for massive profits right away.

[Emitdama]

I approve this because trading in impulse can be avoided if you check less on your position. You can set all the desired parameters such as take profit and stop loss on your trade to make your trade automated that doesn’t require anymore a manual action.

I’m using trading ever since this was introduced and sometimes copy trading on successful traders that I’m following for a long time.

Only newbie or doesn’t have confidence on their trade usually check frequently their phone. I do this a lot when I’m new to crypto.

It must only be dependent on the trader. Some can get an impulse though if they check less. Yes you can automate a trade but again it only depends on the trader's preference. Maybe some finds it fun to still stick with the manual type? And then some say it is much safer. Copy trading on the other hand seem to be a different story anymore. We are now relying on other people here and not in our self anymore. On your last post, newbies actually uses more bots because it is auto-configured already, since they lack on knowledge if they do trading on their own.

@Oshosondy, I think a gambler trader is different. That is if they trade blindly.

[SmartGold01]

Yes you are right, trading mainly depends on the plan of each person, those who are well-informed and can trade with intelligence and determination can be real traders. There are many people who trade without a plan and they are very emotional, due to which their control is very different. Real traders always move forward according to their plan and can control their emotions which does not allow them to collapse. Those who can move forward with their plan well and have a clear plan and can control their risk management are the ones who profit.

What you should know is that not that others can't make a good trade or those who are venturing into trading cannot be profit they can, but what mostly happened is that they allow their emotion to control them while trading that is why, today it is very hard to see people succeed in trading because they cannot let their single dollar lost why trading and of course we know that trading is risky so anyone that is venturing into trading should be aware that they must lose money while trading.

[summonerrk]

One can only be called a good trader if he is no longer a trying hard trader, which means you are trading because you are already equipped with sufficient amount of knowledge, enhanced skills and strategies, and most importantly you are trading within the right timing because you have learned already that patience plays a vital role in trading.

And you are no longer trading in losses, as most of your trades have turned into profitable ones.

The condition of a trader, in which he becomes very confident in himself and sees profits in his accounts, is very dangerous self-confidence. I would compare this to drivers who become very experienced after about 10-15 years of driving, and this category of drivers is statistically the most dangerous on the road.
The fact is that their self-confidence is disastrous, and any driver has a much lower chance of getting into an accident, unlike these self-confident guys. It's the same in trading. Self-confidence will make a zero deposit if you don't take care of yourself.

[TheUltraElite]

But in reality it is not as easy as it sounds. It is true that trading is much smoother with emotion control and discipline, but this is where most people actually lose. When the market is going well, everyone considers themselves a pro but when it reverses a little, the decisions become chaotic. And just buying and holding doesn't always work, that's true but not everyone is ready for active trading either, I think you need to understand your capabilities first and then you should decide your trading style.

Active trading is not always recommended. I prefer long term trading but buying every few days when the market is dropping is what one can always aim at. Pros exist but they are rare, what I rather want people to become is to become resilient to trading ups and downs. The people who are making money from trading are those who are tapping into trading at every downtrend to buy and uptrend to sell.

If you dont keep your nerve when the price drops when you will get paralyzed to buy anymore.

Similarly during uptrend if you dont sell, you will not be able to multiply your profits.

[Dr.Bitcoin_Strange]

Scalpers are more like those people referred to as flippers, they usually claims that they can flip $100 to more than $1k within a week of trading, sometimes a very few lucky scalpers can pull that stunt but such trading patterns is not sustainable, it's more like gambling because the person is not really disciplined in trading

I did scalping and the range you mentioned is quite possible. Yes it could take days but if you used some bit of charting not so technical but atleast got idea on potential movement you can earn by buy low sell high. Theres no difference with daily trading as it both poses risks either your are scalper or a day trader. Well it depends on ones caliber to predict pattern and utilized that as advantage to scalping.

There's a bold difference between day traders and scalpers because one of them trade with very low time frame such as 1 or 5 minutes chart,  not just that, they can also take dozens of trades in one hour, they could lose faster just the way they take profit too. Normally, every type of trading that one is doing is risky but the worst of it is scalping, follow by day trading and then position trading.

[Uruhara]

When you are good in managing emotions, risk taking and decisions taking it will be hard for such traders to be afraid of profit making, because they have organized themselves well to earn massive profits from trading.That is where some people are missing it about crypto trading, because they think is all about buying and hodling which is not true as a potential trader that is ready to grow higher in profit making.

When you know the purpose of trading your BTC in the bull market, I guess you will know the reason why you involve yourself in BTC trading. You know that you are going to earn profit that will make you comfortable in trading, because you are good in achieving what you want from BTC trading.

In the end, everything comes down to a trader’s level of discipline after they’ve finished analyzing the market and implementing their best strategy. This is because it’s very common for a trader to have conducted the right analysis, created a nearly perfect trading plan, and managed risk appropriately, yet, in the end, those who lack discipline often end up deviating from their own plan. and usually, this is because managing emotions in the market is truly no easy task. so, when a trader manages their emotions well, understands how to create sound analysis and strategies, and remains disciplined in executing them, they can become a successful trader. It’s just that very few can do this consistently. After all, even professional traders sometimes struggle to maintain consistency in managing their own emotions.

[Rubuchi]

Yes you are right, trading mainly depends on the plan of each person, those who are well-informed and can trade with intelligence and determination can be real traders. There are many people who trade without a plan and they are very emotional, due to which their control is very different. Real traders always move forward according to their plan and can control their emotions which does not allow them to collapse. Those who can move forward with their plan well and have a clear plan and can control their risk management are the ones who profit.

many traders trade gambling like gamblers with high risks, stakes and investments without calculating the risks involved but only emotional about it. Emotions do not bring about success in trading, knowledge and understanding plus experience does. It allows you to understand what level of risk you are staking and how you should invest your funds to it so as not to lose everything especially when you are dealing with meme coins or other altcoins. Bitcoins are less risky to invest in unlike those others but when you don’t trade with care you may also lose your money significantly on trading bitcoin.

[terrific]

I was like that when I was new. Often checking the prices through my phone but that's a normal sign that we're serious in what we do.
I don't think that's gambling there but that's also part of the learning experience for a trader how to save time as well.
It doesn't have to be 24/7 of monitoring the market and the prices. But all of those good skills comes from worst experiences like that.

[gabbie2010]

I build my trading model or strategy on a calculated risk thus I framed my bias from daily timeframe to 4hour  timeframe and 1 hour timeframe for entry with reference to forex trading, meanwhile I only trade with 1percent of my total asset with a risk to reward ratio of 1:2 therefore I placed my StopLoss at the last swing point calculated based on risk of 1 percent thus I won't border to check my trade often and often once the Stop Loss is hit I move on likewise if Take profit is reached, in a nutshell 1% of my total asset is a very small risk that won't hurt my account and that is the amount of money I can risk in the event of reaching Take Profit I might as well compound my profit.

[juttsab@]

We can know if someone is a good trader or no by just looking on mental peace. If we are checking our trade every minute than we are in panic situation and good trader can never get into panic situation even when he is loosing. A real trader do proper market analysis, stick to his rules, discipline and he or she always uses stop loss. Good trader always  calculate risk and then enter the market and that is the clear difference between a good trader and a newbie. When placing a trade stay relax, stick to our predefined rules for that trade never get greedy to chase more profit

[Rubuchi]

Scalpers are more like those people referred to as flippers, they usually claims that they can flip $100 to more than $1k within a week of trading, sometimes a very few lucky scalpers can pull that stunt but such trading patterns is not sustainable, it's more like gambling because the person is not really disciplined in trading, they are not good in taking risk and can lose everything at once. I'm more of a day trader but it's not easy to be successful, I do apply stop lose and I don't see it as being greedy but I just see it as part of my strategy, I'm not responsible for what every the market chose to do but I know that at the end of my trading period on a daily basis, two things must happen, either the trade hits my take profit target or hit my stop lose.

your submissions and more are the main reasons why people who have good experience in bitcoin trading do advocate for intending traders to value knowledge and understanding more than any other thing they think they can benefit from trading. If not for your vast knowledge, who will know that even when the market is dumping somebody else out there can still cash out of the process. Many of us do not know and that’s why we always fall a victim. Gathering knowledge and experience in bitcoin trading is not something I will advise people to ignore else you will regret why you did later especially when you realize the lost of your resources are tied to your ignorance which should have been prevented initially. When people say in bitcoin trading knowledge and skills acquisition is more important than starting the process it self it now makes sense to me with analysis like yours which is very correct.

[Big Dirams]

We can know if someone is a good trader or no by just looking on mental peace. If we are checking our trade every minute than we are in panic situation and good trader can never get into panic situation even when he is loosing. A real trader do proper market analysis, stick to his rules, discipline and he or she always uses stop loss. Good trader always  calculate risk and then enter the market and that is the clear difference between a good trader and a newbie. When placing a trade stay relax, stick to our predefined rules for that trade never get greedy to chase more profit

A good trader should have accepted that the trading he or she is into is a very risky activity and the process of the journey is just about losses and wins so anyone could be the outcome so why getting panic or worried over something the outcome ends in two different outcome. Let accept this at the beginning of our journey in trading that losses and profits are part of the journey and we can’t outsmart them because that just the process.

 To prevent many loses while trading it always important to invest with what we can afford to loss so own won’t get traumatized during any losses. And also let apply proper risk management during our entries.  

[Plutomanian]

A good trader should have accepted that the trading he or she is into is a very risky activity and the process of the journey is just about losses and wins so anyone could be the outcome so why getting panic or worried over something the outcome ends in two different outcome. Let accept this at the beginning of our journey in trading that losses and profits are part of the journey and we can’t outsmart them because that just the process.

 To prevent many loses while trading it always important to invest with what we can afford to loss so own won’t get traumatized during any losses. And also let apply proper risk management during our entries.  

There will happy days and also sad days depending on what you want to see in the market, it's never funny when the market is against you and you're making frankly big loses. The market is mainly to be observed and not some random space you just rush into simply because you've spot an entry, exercise patience and studying the season and direction of the market before planning to open trading positions.

Risks is part of the game and that's why it's very important to know about risk management if you're planning to explore and earn major profits in the market, it's all about time to know the basis of the market and the qualities that makes one a good trader. Been a good trader do pays a lot and its reward for been a good trader comes with good stipends from trading. It's very difficult and challenging to keep up to track about the opening market, the disciplinary measure to get acquainted with and knowing rootings of the market, we can stand tall enough and know the monetary values of the market and the losses when it comes in.

[gabbie2010]

Yes you are right, trading mainly depends on the plan of each person, those who are well-informed and can trade with intelligence and determination can be real traders. There are many people who trade without a plan and they are very emotional, due to which their control is very different. Real traders always move forward according to their plan and can control their emotions which does not allow them to collapse. Those who can move forward with their plan well and have a clear plan and can control their risk management are the ones who profit.

many traders trade gambling like gamblers with high risks, stakes and investments without calculating the risks involved but only emotional about it. Emotions do not bring about success in trading, knowledge and understanding plus experience does. It allows you to understand what level of risk you are staking and how you should invest your funds to it so as not to lose everything especially when you are dealing with meme coins or other altcoins. Bitcoins are less risky to invest in unlike those others but when you don’t trade with care you may also lose your money significantly on trading bitcoin.

Those traders that trade with high risk are not professional trader because what differentiate a good trader with bad traders is their ability to manage their risk, control their emotion and take profit appropriately without emotion and greediness, infact some newbies believe that trading can made them to become rich within the shortest period of time thus placed high risk trades like gamblers unfortunately when price reverses against them their account get liquidated and got rent, but when advice to buy bitcoin at a low price and hold till bull run when they can make some reasonable profit they would defy such advice because they wanted to get rich quickly.