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Author Topic: GREAT ART OF A TRADER  (Read 107497 times)

Offline gulu_khan

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Re: GREAT ART OF A TRADER
« Reply #45 on: January 01, 2022, 09:13:44 AM »
Great topic and also nice post. We are here to learn and share our knowledge to all friends and users. I hope this always continue learning and sharing ...

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Re: GREAT ART OF A TRADER
« Reply #45 on: January 01, 2022, 09:13:44 AM »

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Offline muhammadraza12

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Re: GREAT ART OF A TRADER
« Reply #46 on: January 06, 2022, 06:10:02 PM »
we know the Beginning of Crypto is the most challenging step

So many people fall and lose their money in the very first days of their startup.

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Use this for Risk Free Signaling

Offline kriptopoulin

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Re: GREAT ART OF A TRADER
« Reply #47 on: March 08, 2022, 11:28:17 AM »
You're doing great work. Thanks for sharing with the community.
i will definately watch all the videos which you shared with us
I am a crypto trader for the last 5 years.The Moon channel has been extremely helpful in this regard.
If you're looking to invest in crypto,visit The Moon channel to stay ahead of all the latest news on cryptocurrency.
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Offline mamunsk987

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Re: GREAT ART OF A TRADER
« Reply #48 on: March 10, 2022, 09:00:29 PM »
I need  crypto  currency  trader help me

Offline Elina4523

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Re: GREAT ART OF A TRADER
« Reply #49 on: May 18, 2022, 08:46:29 PM »
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Re: GREAT ART OF A TRADER
« Reply #50 on: May 20, 2022, 02:35:24 PM »
In simple learn all about candle sticks

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Re: GREAT ART OF A TRADER
« Reply #51 on: June 17, 2022, 07:02:49 PM »
This is a very welled articulated material on how to become a successful trader. it is well arranged and explained. for new traders joining the system. read it and make sure you understand everything about the process. it will guide you on how to make trades and when to take profits. it is a gradual process. but you must learn first.
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Re: GREAT ART OF A TRADER
« Reply #51 on: June 17, 2022, 07:02:49 PM »


Offline xaumana

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Re: GREAT ART OF A TRADER
« Reply #52 on: September 17, 2022, 10:18:52 PM »
Allow me to clarify things for totally new traders or people who have trouble becoming successful traders, because I feel they won't be able to apply all of this information here.

Before any of the information aggregated here can be useful to you, you must become a successful trader. Otherwise, the info presented here will only make it so much more easier for you to lose your money fast.

Because, really, you only need one successful trading strategy for the market conditions you find yourself in. A successful trading strategy can consist of as less as 2-3 indicators, really one never needs any more than that.

So this thread is very useful if you're hunting for indicators and trading ideas. But it assumes you're already a successful trader.




The core skill that makes one a successful trader can be divided in two parts:
  • Learn to trade without fear
  • Find an optimal risk management (in most cases it's 1% of portfolio)
Only then can you start building your trading strategy.






Trading without fear
In a nutshell (just goggle "trading without fear"), learning to trade without fear means to start perceiving trading on a statistical basis. Your goal is not to be right or wrong, your goal is to have a positive statistic over time - win more when you win, and lose small when you lose.
You may lose many times before a win, but your goal is to have a net positive gain when you do win, occasionally.
So you must leave emotion behind, and just be a manager of this developing statistic over time.

The risk management
This is the numbers part that actually gives shape to the statistic you want to achieve.
In most cases it's best to risk no more than 1% of your portfolio on every trade.
In most cases it's best to aim at trades that can promise you at least 3 to 1 returns. (your win is 3 times your Stop Loss)



The calculation:
If X is your total dry powder (stablecoins you can afford to lose), then it's

    1%.X       
  Stop Loss %

Let's say your portfolio is $1000.
1% of that is $10. (The minimum trade on Binance currently is a $10 order)

Let's say you want to trade Long BTC.
Let's say, that, according to you, Support is near, but you want to put a wider Stop Loss in order not to get wicked-out. You want to put a 5% stop loss.

This means, you divide $10 (1% of your portfolio) by 5% (your Stop Loss). You get $200. You have to open a Long trade BTC with $200, with a 5% Stop Loss. This way you will lose 1% of your portfolio if market hits your Stop Loss.



Next Trade

Your portfolio is now $990.
1% of it is $9.9

Your trading strategy gives you an entry signal, but you'll have to put a 3.5% Stop Loss.

Divide $9.9 by 3.5% to get ~$283. So, in order to risk only 1% of your portfolio on this trade, you need to get Long BTC with a bid of $283. If the market hits your Stop Loss, you will lose 1% of your portfolio.






If you go for trades with a win potential of at least 3 to 1, you can afford to lose 3 trades out of every 4, to be at net 0.

Your goal now is to find a trading strategy that is successful >50% of the time. A trading strategy that's successful at least 60% of the time will easily make you a successful trader, if you stick to risking 1% of your portfolio on every trade and aim at 3 to 1 returns.

You can always "let your trade run" if you are dead certain an up-trend has begun. This happens during a bullmarket, don't hope for it happening in a bearmarket (we are currently in a bearmarket).

Of course, everything is the same for Short Trades. But new traders are almost never Short traders, 99% of new traders start as Long only traders (and should be extra careful in a bearmarket).


AND NOW, armed with this knowledge, you can start experimenting with PAPER MONEY ON TRADING VIEW to test if a trading strategy is >50% successful over a period of time. Use the info in this thread to find the indicators and tools you like the most and build or copy a strategy you heard about.

If your trading strategy is successful - if it is successful more than 60% of the time - you apply Trading without fear (statistical approach) every time when you have an entry signal, risking 1% of your portfolio on every trade. This will make you a successful trader.


Don't do that - don't trade like that, or try trading like that with a losing strategy - and you WILL lose your money eventually. (So remember that you have to change your trading strategy if the general market conditions change. Ranges are traded differently than trends, just use the guides provided by the OP in this thread.)


You're welcome :)
« Last Edit: September 17, 2022, 10:26:38 PM by xaumana »

Offline Monkey Monster

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Re: GREAT ART OF A TRADER
« Reply #53 on: September 21, 2022, 03:50:30 PM »
This is fantastic. Thank you for providing this information. It is extremely beneficial for me to easily understand and see all of the tutorials for trading and learning how to become a successful trader. It's well-organized and explained for me and other new traders who are joining the system. I will make certain that I fully comprehend the procedure. It will guide me on how to make trades and when to take profits, so it will be a gradual process.

Offline iamwarhawk

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Re: GREAT ART OF A TRADER
« Reply #54 on: October 11, 2022, 10:36:39 AM »
Really great trading concepts given, an individual should always clear these concepts before going to trade in the live market, instead of jumping into trading without having sufficient knowledge can result in heavy losses.
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Offline Cynthia67

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Re: GREAT ART OF A TRADER
« Reply #55 on: March 01, 2023, 06:57:02 PM »
Wow, very cool and useful stuff. Thank you very much for this post, it is really useful and interesting

Offline Achraffpro

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Re: GREAT ART OF A TRADER
« Reply #56 on: July 26, 2023, 06:17:48 PM »
This is amazing write up! I hope users find a very good use of it. Very simple and quick to understand. I love it.

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Re: GREAT ART OF A TRADER
« Reply #57 on: August 20, 2023, 10:11:17 AM »
We are looking for partners to earn USDT together, welcome to consult if you are interested. Here is my telegram @Lucyaha

Offline cryptoworld1

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Re: GREAT ART OF A TRADER
« Reply #58 on: August 23, 2023, 09:39:12 AM »
GREAT ART OF TRADING

1 PATIENCE
2 COURAGE
3 DISCIPLIN
4 CONFIDENCE
5 ADAPTABILITY
6 ALWAYS RESPECT YOUR STOPLOSS
7 MAINTAIN JOURNAL TO ANALYSE
8 NEVER STOP LEARNING
9 CONTROL YOUR EMOTIONS AND STICK YOUR TO TOUR PLAN
10  TARDING IS 10% BUYING 10% SELLING AND 80% WAITING

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Re: GREAT ART OF A TRADER
« Reply #59 on: February 29, 2024, 08:53:47 AM »
GREAT ART OF TRADING

1 PATIENCE
2 COURAGE
3 DISCIPLIN
4 CONFIDENCE
5 ADAPTABILITY
6 ALWAYS RESPECT YOUR STOPLOSS
7 MAINTAIN JOURNAL TO ANALYSE
8 NEVER STOP LEARNING
9 CONTROL YOUR EMOTIONS AND STICK YOUR TO TOUR PLAN
10  TARDING IS 10% BUYING 10% SELLING AND 80% WAITING

Although I agree with your post but I would like to add something more here. 
You excel at risk taking. 
Taking risk and making money is the main sign of investing or trading.

 

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