When to know you are a good trader

[Alphakilo]

This is a very simple truth that you may not know as a trader.
This are not for scalpers but day traders and swing traders.

I have been there before, I do not encourage scalping, this is the trading type that most traders are losing, followed by day trading. But do you actually know that you can lessen how you lose money in day trading and this can later lead to making money from trading.

You people know that I do not encourage stop loss. From my experience, I know that it is used by greedy traders.

What I noticed about good traders, they do not check their position often, this is because they use small amount of money to trade. They are very patient and use little or no leverage. They do not trade highly volatile coins.

If you are the type of trader that check your phone or computer screen often in panic, you are not yet a trader but a gambler. Good trading starts from how to manage risks.

When we consider emotional control, we should also factor in emotional distance because these contribute to proper risk management practices.
Knowing and practicing risk management in its entirety is the reason that makes a professional trader sleep well at night without bothering to check the screen every minute and the knowledge of specific position sizing formulas can assist in calculating the exact amount to invest in a trade without fear or panic.
When you can confidently do this without stress, you have qualified to be called a good trader.

[tvplus006]

You people know that I do not encourage stop loss. From my experience, I know that it is used by greedy traders.
Good trading starts from how to manage risks.

Stop loss is the main element in the risk management strategy. Of course, if you are constantly in front of a trading terminal, you can manually close your order if the price moves in the opposite direction to your expectations. But with a dump, it is not always possible to react to price changes in time, and as a result, your deposit may be liquidated.

[Repeat06]

Who uses stop loss, maybe greedy trading is not considered. Because stop loss is usually used to control our loss. For example, I took a trade of $ 100, if it falls below $ 80, then my trade will be closed. If we use stop loss, then we will be able to avoid big losses.

Every person needs to trade depending on his financial situation. Whenever a person trades with the necessary money, he may be afraid of the possibility of loss and make wrong decisions. Every person needs to trade depending on his financial situation.

[tygeade]

Stop loss is good though, why do not encourage that? I think the general term for a good trader is someone who makes profit on the long term. On a weekly basis anyone can have a good or bad week, a newbie could make 20% that week while a veteran makes a 10% loss, and you would think that newbie is a genius.

But if you zoom out and look at all of 2025, you would see that from January first to December last, you will see that a good trader will be making a lot more money. This is why stop loss is a good tool to use if you know how to use it and if you are making money then there is no reason why you should not be using it. If it's hurting you and not making profit then you are using it wrong and need to check what you are doing.

[Alpen]

After years in the markets, I’ve come to realize one simple truth: a great trader doesn’t trade with their own capital

[Big Dirams]

Stop loss is good though, why do not encourage that? I think the general term for a good trader is someone who makes profit on the long term. On a weekly basis anyone can have a good or bad week, a newbie could make 20% that week while a veteran makes a 10% loss, and you would think that newbie is a genius.

But if you zoom out and look at all of 2025, you would see that from January first to December last, you will see that a good trader will be making a lot more money. This is why stop loss is a good tool to use if you know how to use it and if you are making money then there is no reason why you should not be using it. If it's hurting you and not making profit then you are using it wrong and need to check what you are doing.

Well the OP does have his own reason for saying that he didn’t encourage stop loss and I guess he has been on the trading market for so long and also experience so much which is why he might have said so. But in my opinion and experience in the trading market I fully agree and support that stop loss is absolutely important and very needful either we might be new trader or old trader stop loss is of a big help and it helps to manage our risk.
Without stop loss a lot of traders would have loss so much and at times  some traders have the right strategy and analysis but greed won’t allow them and with the help of stop loss they can easily execute the strategy and make good profits from it.

 And about being a trader or not, we can’t assume a trader is profitable or not unless we go through the traders history for months and see if the statistics of his or her trading the losses are higher than the profits then such trader isn’t profitable and if such traders profits is higher than the loss then we can say such trader is a profitable trader.

[Mpamaegbu]

I have been there before, I do not encourage scalping, this is the trading type that most traders are losing, followed by day trading.

Like they say, every profitable trader makes more money than they lose. It doesn't really matter what trading strategies they use. I know a scalper who makes a pile of money daily. It's what agrees with his temperament. It's the same way there are day traders who also make money, and some who also lose money. Position or swing traders also get caught in that too, win and losses. I started as a scalper before I realized that's not suitable for me. It doesn't mean I discourage it.

What I noticed about good traders, they do not check their position often, this is because they use small amount of money to trade. They are very patient and use little or no leverage. They do not trade highly volatile coins.

What makes people constantly panic and check their trades is lack of risk management or over leveraging/lotsizing. Those who trade with small amount do so because they're scared of taking positions. People like that are better off trading on Spot, instead of Futures.

If you are the type of trader that check your phone or computer screen often in panic, you are not yet a trader but a gambler. Good trading starts from how to manage risks.

I totally agreed with that.

[Ziskinberg]

A good trader does not only reflect good profits, but its actually more than that.

With my years of trading experience, I realized that its not just all about money and creating wealth. But good trading aims to develop proper risk management, good discipline, emotional control, and most importantly, it helps you develop a proactive and strategic mindset.

If you think trading leads you to develop all of these, then be proud of yourself. You are one of those good and goal-driven crypto traders.

[Powerjumboo]

If you are the type of trader that check your phone or computer screen often in panic, you are not yet a trader but a gambler. Good trading starts from how to manage risks.

Those who are really panicking while trading and always looking at the computer screen and mobile screen in panic are not really traders, they trade with guesses which is like gambling. Those who are basically traders will never be panicking while trading, they will always understand the market situation, they will never trade with emotions, they will always continue trading with a healthy mind and will be profitable. I never consider myself a successful trader because I am not a successful trader on the trading platform, I trade with guesses and cannot analyze the market well.

As you mentioned, I am a trader just like that because when I went to trade, I repeatedly looked at the mobile screen in panic and was always afraid that I would lose everything.

[shawonngp]

What I noticed about good traders, they do not check their position often, this is because they use small amount of money to trade. They are very patient and use little or no leverage. They do not trade highly volatile coins.

If you are the type of trader that check your phone or computer screen often in panic, you are not yet a trader but a gambler. Good trading starts from how to manage risks.

Good traders mean those who trade with very small amounts? Or do they only trade with strong coins? In my opinion, these cannot be the definition of a good trader; there must be many more criteria. A trader can trade with all coins, good and bad, and does not need to trade with any specific coin. Top coins have low risk, so profits are very low. I have also seen many big traders trading with lower cap coins. Small traders indicate that he is not a risk taker, especially new traders who start with a small amount. Whether a small or big trader, if he opens a trade, he must monitor his mobile. This does not mean that the trader panics.

[bangjoe]

This is a very simple truth that you may not know as a trader.
This are not for scalpers but day traders and swing traders.

I have been there before, I do not encourage scalping, this is the trading type that most traders are losing, followed by day trading. But do you actually know that you can lessen how you lose money in day trading and this can later lead to making money from trading.

You people know that I do not encourage stop loss. From my experience, I know that it is used by greedy traders.

What I noticed about good traders, they do not check their position often, this is because they use small amount of money to trade. They are very patient and use little or no leverage. They do not trade highly volatile coins.

If you are the type of trader that check your phone or computer screen often in panic, you are not yet a trader but a gambler. Good trading starts from how to manage risks.

This depends on the market situation, in my opinion, if the market shows bearish potential or in a very fluctuating market situation, doing this method is dangerous because you can lose quickly and your position can be liquidated, stop loss is very important in trading, especially in short-term trading such as day traders, this is really very necessary, I have done this method and it is not always effective in all market conditions.
Maybe when the market is recovering and we see this banana zone is very good, not placing a stop loss will not be a problem.

[Pandorak]

This is a very simple truth that you may not know as a trader.
This are not for scalpers but day traders and swing traders.

I have been there before, I do not encourage scalping, this is the trading type that most traders are losing, followed by day trading. But do you actually know that you can lessen how you lose money in day trading and this can later lead to making money from trading.

I agree on this point. Scalping increases stress levels because you have to constantly monitor the charts every few minutes or even stay glued to them if you still have open positions. In addition, because the risks are greater, you need a high level of focus if you decide to become a scalper.

You people know that I do not encourage stop loss. From my experience, I know that it is used by greedy traders.

What I noticed about good traders, they do not check their position often, this is because they use small amount of money to trade. They are very patient and use little or no leverage. They do not trade highly volatile coins.

If you are the type of trader that check your phone or computer screen often in panic, you are not yet a trader but a gambler. Good trading starts from how to manage risks.

Unlike me, who always uses stop loss to limit risk, after conducting analysis and identifying opportunities that align with my setup, i simply open a position, set the take profit and stop loss at pre-determined prices. In my opinion, this is better than using a small amount of capital that ultimately results in a margin call or liquidation.

[Vaculin]

You will only know when you are a good trader when you don't fear anymore from losing your trades, because you see it more as a challenge to enhance your trading potentials, and not as a threat that can ruin your drive and focus in trading.

You know you are good when you find trading more exciting and you end up getting passionate about it, despite of the unfavorable outcomes that you experienced from trading in the past, and that no good trader will be able to predict if his trade will end up successful or not.

[Oshio-man]

As a good trader you don't need to be panicking whenever you discover some negative changes in the market than to carry out your research to know way forward either to pause at the moment or continue trading to see what the market will give to you, good traders have the ability to know when to be profitable whenever they choose to trade in the market because they have learned from their own experience to arrive in this point that is making their income to be higher than their losses, once you find out that you have those knowledge with you show that you are a good trader.

[jcojci]

Good trader will prepare everything before he starts. Managing the risks will be the thing that he needs to give more concern because risks can be bigger following the current situation.

Stop loss is one thing to prevent more risks especially if the market becomes wild. Stop loss close your trading and avoids the big lost so you can start to open the trade if the situation is back to normal.

Greedy traders wants more profits without checking the market situation and themselves. They only want to make more profits and not thinks if the market is change or not.

If you thinks you are not ready to be scalper traders, you should skip that and use your usual way to trade. Scalper traders will be more difficult and the risks can increase anytime.

[Jaweria parveen]

As a good trader you don't need to be panicking whenever you discover some negative changes in the market than to carry out your research to know way forward either to pause at the moment or continue trading to see what the market will give to you, good traders have the ability to know when to be profitable whenever they choose to trade in the market because they have learned from their own experience to arrive in this point that is making their income to be higher than their losses, once you find out that you have those knowledge with you show that you are a good trader.

This is the reason why people who trade with their mind and ability understand the patience and market signals within themselves. If a good trader wants to make himself long and reach the future by leaving his profit, then he goes to the limit of patience within himself and we have seen many people who are also investing in this way. Some people here think that we will earn profit but before earning profit in it we have to understand the market how it moves and the one who is using it should also control the market with his skill and earn profit from there. We have to keep ourselves in the market in every way, however, whether we are in profit or loss, we should not take too much loss but how to make it up when we have the strength to make it up then we will also start making profit in this way a good trader can also be made and all this is done from our mind.

[Byebyebtc]

This is a very simple truth that you may not know as a trader.
This are not for scalpers but day traders and swing traders.

I have been there before, I do not encourage scalping, this is the trading type that most traders are losing, followed by day trading. But do you actually know that you can lessen how you lose money in day trading and this can later lead to making money from trading.

You people know that I do not encourage stop loss. From my experience, I know that it is used by greedy traders.

Using stop loss isn't about greed, it is about money management/risk management
There is no trade that had guaranteed profits, so you using stop loss is a wise decision to make, I personally don't know the type of trading you mean, but I am a day trader in forex, and me not using stop loss has led to distinction of accounts, using stop loss is healthy your your account and trading, but trying to tighten or minimise your stop loss is when you can call it greed.

[Jegileman]

What I noticed about good traders, they do not check their position often, this is because they use small amount of money to trade. They are very patient and use little or no leverage. They do not trade highly volatile coins.

If you are the type of trader that check your phone or computer screen often in panic, you are not yet a trader but a gambler. Good trading starts from how to manage risks.

By checking your phone and computer screen often after you’ve placed a trade doesn’t mean you’re not a good trader, I will say this as an example of someone who is into forex trading. Sometimes you need to look at the market to check for possible more entry by adding more positions, not to want to blow up your account actually or over leverage but to actually get to maximize your wins.

A trader that is totally free of emotions when trading to not look at the market more often, but they can also get check to see how far their trades have gone. Sometimes trades can change trend when you’re already in profit, and when you see a potential change of trend in the market, it is advisable that you exit the trade as soon as possible and not wait to take loss when you’re already in profit before.

[Achalugo BTC]

Stop loss is the main element in the risk management strategy. Of course, if you are constantly in front of a trading terminal, you can manually close your order if the price moves in the opposite direction to your expectations. But with a dump, it is not always possible to react to price changes in time, and as a result, your deposit may be liquidated.

Since one can't be able to predict the market, due to how volatile it is. So the best thing to do is to stop loss, because it will prevent them from some losses, which will also support them in making an informed decision that will help them in achieving a better profit and can also be of good support in helping you to manage risks and pressure that comes with it, which involves the ups and downs of the market, that is to say the market will not always be in your favour and if one can control themselves, they will find them in a serious mess that might ruin their plans and their chances of getting more profit.

[SquallLeonhart]

For me it's as easy as just profiting. No idea why people are making it complicated. You do not "need" to know technical analysis, or chart reading or anything like that, you do not have to build alerts and do anything that complicated. Sure those make everything easy and you should learn for yourself so that you make more profit.

However, as long as you are profiting when you trade and do that year to year, then you could be trading based on your feelings and it still makes you a good trader. Only thing that you require to be a good trader is just profit, nothing else matters. This is something in economics, it's all about profits, and finance only exists to make more money, if you do then everything else is just noise.