Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Findingnemo on September 28, 2024, 07:06:15 PM
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
I first have to say that cryptocurrency career may not be trading. You can have a cryptocurrency career as an investor or a miner.
To be a successful trader, you have to master emotional intelligence, conquer greed, and have proper risk management skills, because with mastery of those two things, you have put yourself in a position to be very successful with any trading strategy that you adopt.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Luck! Luck and luck again beyond everything else!
You can have all the skills in the world but nothing will save you if the 22nd of February happens again or if for example Coinbase or Bitgo is breached while you sleep or some random nuclear accident happens!
You can have all the knowledge in the world, somebody lucky enough to buy some shitcoin at the right time will beat your all lifelong income by x1000 in a day!
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Aside from technical aspects, I do see one of the most important thing is on having that emotion control and realistic goals and targets specially on dealing with crypto currency then it cant really that denied that you will really be able to have those kind of unrealistic goals and targets on which it will really be that making you desperate. This is why it will really be that important that you should really be putting up some realistic goals so that you wont really be ending up on being desperate. This might sounds basic but its not something that you could neglect out
because this could cause up that trouble that you might not be thinking of.
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Luck! Luck and luck again beyond everything else!
You can have all the skills in the world but nothing will save you if the 22nd of February happens again or if for example Coinbase or Bitgo is breached while you sleep or some random nuclear accident happens!
You can have all the knowledge in the world, somebody lucky enough to buy some shitcoin at the right time will beat your all lifelong income by x1000 in a day!
I agree with you 1000%, from my personal experience and the experiences of some people I know or read about, I feel that luck is the first factor despite everything, it is true that experience and learning basic skills are very necessary for trading, but in the end luck remains one of the most important factors.
For example, when the PEPE millionaire bought this shitcoin at the beginning, did he use deep technical analysis and indicators? Absolutely not, he bought an amount equivalent to about $ 27 in PEPE only, then luck played its game with him and he woke up to find himself a millionaire after a short period as the shitcoin rose madly and several zeros were deleted.
https://coinmarketcap.com/academy/article/e2e98369-f5a1-4991-a11b-a97ba404a690
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
If you're going for trading, then be getting ready in knowing enough resource knowledge on how to be a trader, have an idea on the kinds of trading we have, choose the best trading strategy that you think you could deliver well in, lastly, have enough capital to use in starting up a trading career, don't borrow to trade, instead, learn on how to earn and trade, ensure you review on your trading skills and see how progressive you're in it over time.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
You also created an excellent post in this moment. Because we believe that a successful trader can achieve best profit from crypto currency market. So i am also agree with your comment. We also know that if we want to a expert traders, we must be understand in cryptocurrency market and trading. Because if we can not understand in this sector, we couldn’t earn best profit from trading or crypto currency market. We also believe that within our best patience we couldn’t earn best profit in this market.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
You also created an excellent post in this moment. Because we believe that a successful trader can achieve best profit from crypto currency market. So i am also agree with your comment. We also know that if we want to a expert traders, we must be understand in cryptocurrency market and trading. Because if we can not understand in this sector, we couldn’t earn best profit from trading or crypto currency market. We also believe that within our best patience we couldn’t earn best profit in this market.
Yeah we have to understand the character of the crypto market, if we want to be a great trader because a professional trader needs experience and expertise in trading and it takes a long time to become an expert. We have to be patient in learning and always focus on getting useful experience.
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Time and luck will change the answer completely. Investing $1,000 without effort 10 years ago may be equivalent to 30 years of effort with trading, investment, luck and hard work. Therefore, the answer will differ greatly, but the most important thing is to know the support and resistance points and invest in Bitcoin based on that. Do not care about losses in the short term and try to diversify your investments after making profits.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
I first have to say that cryptocurrency career may not be trading. You can have a cryptocurrency career as an investor or a miner.
Trading is a profession too, there aren't many people who acknowledges that but still people are doing it and living better life which is not only the crypto but there are many similar to crypto since we are talking in a crypto forum I highlight the trading is also a way to make profit when we do thing right.
Luck! Luck and luck again beyond everything else!
You can have all the skills in the world but nothing will save you if the 22nd of February happens again or if for example Coinbase or Bitgo is breached while you sleep or some random nuclear accident happens!
You can have all the knowledge in the world, somebody lucky enough to buy some shitcoin at the right time will beat your all lifelong income by x1000 in a day!
True, luck is a factor for everyone's success but it's not in our hands so let's focus on what we can control and hope for the best.
A random shitcoin can explode over night or in just a week of time frame and give 100x or even more but we should not be disappointed after seeing those, we should have a goal of beating ourselves alone in the learning curve, focusing about other's success does no good. ;)
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a successful person is a person who always learns, tries and works hard in what he aims for. if he aims to be successful in crypto then what he has to do is learn to understand the market such as market trends, so he must have a lot of knowledge in trading or information about crypto because positive or negative crypto news will affect its price so we have to learn .. and he must be smart in managing his assets and he must have a strategy or plan to manage his assets so that he can generate multiple profits.
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in business we must have a patient and careful nature before acting if we are in a hurry we are afraid of regretting it, with that we must be patient and careful.. a person becomes a professional he has a lot of knowledge in his field, here we enter the world of crypto so from that we have to look for a lot of information and news about crypto because the news that is circulating has a big impact on the price of crypto. so if we already have a lot of information then we will know the conditions in which we will buy and sell it.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Many members are talking about luck, and I think luck is also an important skill, but sometimes luck is busy and can't come to us. So I focus on some other issues that traders can proactively improve:
1. Strict capital management: use only 1-2% of capital for each trading decision. This ensures that traders always have the opportunity to correct mistakes.
2. Manage psychology wisely: don't be too afraid or greedy.
3. Continuously improve knowledge and skills in using tools to assess the market.
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Continue to learn from your own mistakes or screen on some trading problems that you have faced,
so that you will find the right formula and strategy for trading.
In addition, it also depends on how a person processes their emotions when trading because emotions or psychology will have an impact on decision-making when trading is made.
Being too greedy, panicked and uncontrollable is the effect of bad trading psychology,
If traders can overcome these psychological problems, then it will allow them to execute their strategies quite well.
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For example, when the PEPE millionaire bought this shitcoin at the beginning, did he use deep technical analysis and indicators? Absolutely not, he bought an amount equivalent to about $ 27 in PEPE only, then luck played its game with him and he woke up to find himself a millionaire after a short period as the shitcoin rose madly and several zeros were deleted.
Yeah, it would have been funny, doing technical indicators on PEPE! Imagine how that would have looked!
Also, zoom out and do TA here:
https://coinmarketcap.com/currencies/shiba-inu/
For one year and a half flat and then 2million% up!
Meanwhile "experienced" traders get wiped out by a 10% swing!
True, luck is a factor for everyone's success but it's not in our hands so let's focus on what we can control and hope for the best.
Well, hoping for the best reveals what this is, gambling!
All the other fancy words mean nothing, it's just traders trying to fool themselves they are not gamblers!
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To me I think is having good self-control, with that you will be able to grow and same time control your emotions because, as a trader one of the thing that usually affect time is not having a good self-control, that's why most traders usually blow their account before realising it . So having good self-control will help to minimize losses , because one will be able to have good risk management.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Yes, and besides learning from our mistakes, being patience, resilience, and as a wise trader, these are further key qualities to follow to keep winning your trades.
First, try to define your goals, and your risk tolerance
Secondly. always follow your entry and exit criteria and be desepline.
thirdly, reduce your emotional filling and stick to your plans
In addition, be informative, try to listen to expert traders that are more experienced than you to boost your experience. Lastly, trade with minimal profit/loss rate, for consistency, 2 to 3% profit margin can be considered to exist a position during an upward price movements.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
We all do as much as we can to avoid losing, but so often in the market it cannot be avoided due to the unpredictable market situation. But the important thing is that we minimize it; we have a lesson that is learned so that it doesn't happen again.
Then there is no one who succeeds in this field who doesn't experience mistakes, especially in making wrong analyses that cause us to lose in trading.
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Yeah, it would have been funny, doing technical indicators on PEPE! Imagine how that would have looked!
Also, zoom out and do TA here:
https://coinmarketcap.com/currencies/shiba-inu/
For one year and a half flat and then 2million% up!
Meanwhile "experienced" traders get wiped out by a 10% swing!
Today I came across another crazy news item related to the same topic, where a recent report revealed one of the biggest returns on investment in the world of cryptocurrencies, as a trader bought 30.1 million meme coins “MOODENG” for only 6 SOL coins (about $815 at the time of purchase) 17 days ago.
Today, the value of these coins is about $9.4 million, which means an amazing return on investment of 11,543x. This lucky guy must have worked hard on technical analysis!! ;)
(https://www.talkimg.com/images/2024/09/30/iZaeJ.jpeg)
https://x.com/lookonchain/status/1840076691026460993? (https://x.com/lookonchain/status/1840076691026460993?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1840076691026460993%7Ctwgr%5Eafd972e9ee641e08af7ca4246e8ac16079f1ea3d%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Farab-btc.net%2Freturn-on-new-solana-meme-coin%2F)
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Yeah, it would have been funny, doing technical indicators on PEPE! Imagine how that would have looked!
Also, zoom out and do TA here:
https://coinmarketcap.com/currencies/shiba-inu/
For one year and a half flat and then 2million% up!
Meanwhile "experienced" traders get wiped out by a 10% swing!
Today I came across another crazy news item related to the same topic, where a recent report revealed one of the biggest returns on investment in the world of cryptocurrencies, as a trader bought 30.1 million meme coins “MOODENG” for only 6 SOL coins (about $815 at the time of purchase) 17 days ago.
Today, the value of these coins is about $9.4 million, which means an amazing return on investment of 11,543x. This lucky guy must have worked hard on technical analysis!! ;)
(https://www.talkimg.com/images/2024/09/30/iZaeJ.jpeg)
https://x.com/lookonchain/status/1840076691026460993? (https://x.com/lookonchain/status/1840076691026460993?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1840076691026460993%7Ctwgr%5Eafd972e9ee641e08af7ca4246e8ac16079f1ea3d%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Farab-btc.net%2Freturn-on-new-solana-meme-coin%2F)
..Or he just gambled due to having lots of SOL in his pockets, we will never know ;D
But the fact remains, of course- he did well.
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To me I think is having good self-control, with that you will be able to grow and same time control your emotions because, as a trader one of the thing that usually affect time is not having a good self-control, that's why most traders usually blow their account before realising it . So having good self-control will help to minimize losses , because one will be able to have good risk management.
It is very important to take investment decisions with proper planning to control the risk during trading. By choosing the right crypto and with patience. Self-control is one of the key success factors in trading that can be controlled by emotions, so over-controlling emotions can lead to profits. I think an investor should tend to hold periodically rather than expecting to make profits in the early stages. Holding tendency to control the risk in investment can help him to get high profit to a great extent.
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To me I think is having good self-control, with that you will be able to grow and same time control your emotions because, as a trader one of the thing that usually affect time is not having a good self-control, that's why most traders usually blow their account before realising it . So having good self-control will help to minimize losses , because one will be able to have good risk management.
It is very important to take investment decisions with proper planning to control the risk during trading. By choosing the right crypto and with patience. Self-control is one of the key success factors in trading that can be controlled by emotions, so over-controlling emotions can lead to profits. I think an investor should tend to hold periodically rather than expecting to make profits in the early stages. Holding tendency to control the risk in investment can help him to get high profit to a great extent.
Overall, investing means having some skin in the game, and it's okay for those who know the market and its rules. It's also okay for them to see some red in their portfolios because they know it will change to green eventually.
Newbies, on the other hand, can be not so patient, which leads to early soldouts and losses.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
I first have to say that cryptocurrency career may not be trading. You can have a cryptocurrency career as an investor or a miner.
To be a successful trader, you have to master emotional intelligence, conquer greed, and have proper risk management skills, because with mastery of those two things, you have put yourself in a position to be very successful with any trading strategy that you adopt.
Mate, let us know what a career is all about, then we can understand better.
According to the English dictionary, Career is a person's occupation, ones profession. Another school of thought defined career as an occupation or profession, especially one requires special training, followed as one's life work.
Trading crypto is a career because it requires special training to gain experience as one progresses.
Now, crypto trading need strategic plans of the market trends and price movements. It also requires elimination of reactions.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
A successful trader must possess many qualities otherwise he can never profit from trading. Emotion control is most important for a trader. One can never expect anything good from trading with emotions. Moreover, one cannot be overly greedy when trading because if greed cannot be controlled, he must be in fear of loss instead of profit. Moreover, a trader must learn to analyze the market and be aware of when to enter the market and when not to enter the market.
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Continue to learn from your own mistakes or screen on some trading problems that you have faced,
so that you will find the right formula and strategy for trading.
In addition, it also depends on how a person processes their emotions when trading because emotions or psychology will have an impact on decision-making when trading is made.
Being too greedy, panicked and uncontrollable is the effect of bad trading psychology,
If traders can overcome these psychological problems, then it will allow them to execute their strategies quite well.
that's right, in a person there must be a patient nature and can control his emotions so that he does not make decisions too quickly because people who make decisions quickly without thinking first are very high risk there will definitely be regret. with that we must avoid all of these things and must remain calm in any condition even though the market is declining must remain patient. patience is the key to a person's success ...
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Well, hoping for the best reveals what this is, gambling!
All the other fancy words mean nothing, it's just traders trying to fool themselves they are not gamblers!
There's some resemblance but not entirely same we do have certain things under control while trading unlike gaming which is beyond our control.
For example, we took a big hit on our capital due to sudden drop on the market but we still have the decision to make whether we want to hold to just sell it and take the remaining capital. Weak hands usually sell at that point while the successful one's holds until their make profits that is why having better capital give us extra cushion and not relying from the revenue of trading gives better space to take such risks.
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There's some resemblance but not entirely same we do have certain things under control while trading unlike gaming which is beyond our control.
For example, we took a big hit on our capital due to sudden drop on the market but we still have the decision to make whether we want to hold to just sell it and take the remaining capital. Weak hands usually sell at that point while the successful one's holds until their make profits that is why having better capital give us extra cushion and not relying from the revenue of trading gives better space to take such risks.
Yes you are right trading and gaming have some things in common but there is big difference control. In gaming we can not always control what happens. But in trading we can make thoughtful decisions. For example if market drops we can choose to sell or hold.
This difference is what separates good traders from those who struggle. Less experienced traders mostly sell quickly while experienced traders wait patiently for profits. Having enough money helps us to take risks without worrying about losing everything.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
A successful trader must possess many qualities otherwise he can never profit from trading. Emotion control is most important for a trader. One can never expect anything good from trading with emotions. Moreover, one cannot be overly greedy when trading because if greed cannot be controlled, he must be in fear of loss instead of profit. Moreover, a trader must learn to analyze the market and be aware of when to enter the market and when not to enter the market.
Everyone should learn how to take control of themselves and then patience as well. Because for sure it will not be on your way, there are days that you are going to be disappointed by the results and so if you are emotionally attack, you are going to get rekt in this market.
Of course, we need capital as well and then we should be very careful on this capital and protect it or learn how to mitigate as well. You just don't go all in in the beginning. TA could help as well, as there are a lot of guides on how to learn it, even in bitcointalk community.
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Everyone should learn how to take control of themselves and then patience as well. Because for sure it will not be on your way, there are days that you are going to be disappointed by the results and so if you are emotionally attack, you are going to get rekt in this market.
Yes, and one of the most important things is to persist. There are times when a trader gives up very easily. If he burns 1 or 2 accounts , then he stops and tells Himself that he is not good at it or that he is going to do something else. He does not persist, He just has to think that he must persist, find a way to finally do it. I know that he loses money, but if he likes it and learns , then he has to make mistakes, but at some point he will learn and achieve it For me, that is the key.
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If you can have less emotions than average person that would be the ideal one. I understand that it may not be a great deal all that often because in real life emotions are great things and psychologists work towards making it possible for people to be more in touch with their emotions and fix stuff. However, what we are missing here is that we are not seeing how to get better results with it, and that is an important aspect of it. We need to have very little emotions while trading so that we can be a lot more sharper on our decisions and we can make decisions without emotion and just planning.
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that's right, in a person there must be a patient nature and can control his emotions so that he does not make decisions too quickly because people who make decisions quickly without thinking first are very high risk there will definitely be regret. with that we must avoid all of these things and must remain calm in any condition even though the market is declining must remain patient. patience is the key to a person's success ...
It's very difficult to be patient when you've made the wrong decision.
Stress will envelop and trading becomes very chaotic.
I also really can't control my trades completely.
There was a time when I was too stupid to make a sale with a loss because of panic, when panic would only result in a loss.
It takes a very good plan so that there will be no regrets and greed, I started to learn that, and the important thing is that every trade there is a profit to be made.
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that's right, in a person there must be a patient nature and can control his emotions so that he does not make decisions too quickly because people who make decisions quickly without thinking first are very high risk there will definitely be regret. with that we must avoid all of these things and must remain calm in any condition even though the market is declining must remain patient. patience is the key to a person's success ...
It's very difficult to be patient when you've made the wrong decision.
Stress will envelop and trading becomes very chaotic.
I also really can't control my trades completely.
There was a time when I was too stupid to make a sale with a loss because of panic, when panic would only result in a loss.
It takes a very good plan so that there will be no regrets and greed, I started to learn that, and the important thing is that every trade there is a profit to be made.
We must have a good plan when trading, this is not easy because we have to learn and have a lot of experience to become a professional. We sometimes have the wrong decision, but we must be able to revise the decision and learn from the mistake so that our next strategy and plan can be profitable.
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Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
I agree with the point of patience... because there are so many people who still can't be patient by making hasty decisions, even many are still too FOMO so that they can't think logically... There are several factors that also affect the success of becoming a trader, some are even willing to lose a little of their money, to get more money... of course this is part of the strategy.
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Continue to learn from your own mistakes or screen on some trading problems that you have faced,
so that you will find the right formula and strategy for trading.
In addition, it also depends on how a person processes their emotions when trading because emotions or psychology will have an impact on decision-making when trading is made.
Being too greedy, panicked and uncontrollable is the effect of bad trading psychology,
If traders can overcome these psychological problems, then it will allow them to execute their strategies quite well.
We always learn from mistakes in trading to change strategies because we have to practice diligently and managing risks is not easy because it requires experience, so that greed and panic do not interfere with our focus in trading, that's why many professional traders are always calm in seeing market changes that are very volatile.
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We always learn from mistakes in trading to change strategies because we have to practice diligently and managing risks is not easy because it requires experience, so that greed and panic do not interfere with our focus in trading, that's why many professional traders are always calm in seeing market changes that are very volatile.
Sometimes there are also too many mistakes so that no evaluation is done,
it will not change anything and never try to learn technical analysis and fundamentals well.
I was in a phase where I didn't know what was wrong and never understood how analysis worked,
until finally I started to learn it one by one until I understood.
It is not easy, but it does take patience to find the right rhythm to do the right analysis and trading strategy.
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Portfolio Management is the key factors to survive in investing and trading and trader must have to trade with calculated risk and buy when it's in buying or demand zone instead of FOMO buying.
Market always give a chance to buy your favourite one coin at some level ee just have to keep watch and also need patience for not only holding but for correct level of buying.
In short it's simple but hard to follow the same 😅
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Portfolio Management is the key factors to survive in investing and trading and trader must have to trade with calculated risk and buy when it's in buying or demand zone instead of FOMO buying.
Market always give a chance to buy your favourite one coin at some level ee just have to keep watch and also need patience for not only holding but for correct level of buying.
In short it's simple but hard to follow the same 😅
Responsibility is key, you are right.
Trading responsibly => getting profits in the long run, in my opinion.
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I believe the critical quality of a trader is someone consistent with their plans, and following your plans should always be their priority. It is not simply trade all the time unless they are using a bot.
Not being affected by the market so much that they still make the right decision is a successful trader.
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I believe the critical quality of a trader is someone consistent with their plans, and following your plans should always be their priority. It is not simply trade all the time unless they are using a bot.
Not being affected by the market so much that they still make the right decision is a successful trader.
That's right too! Having a goal in mind helps to not to become tempted by some positions you yourself opened up and see the going too good that you initially intended.
Without some self-discipline, you won't be able to get profit from such positions. Or even be in losses.
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To me I think is having good self-control, with that you will be able to grow and same time control your emotions because, as a trader one of the thing that usually affect time is not having a good self-control, that's why most traders usually blow their account before realising it . So having good self-control will help to minimize losses , because one will be able to have good risk management.
Do you mean by the word self-control like controlling assets so that in the future it can generate large profits and the goal of traders is to become professional traders so that it is easier to gain profits and avoid losses. Maybe an old trader must have known the basics to start with by having a lot of knowledge and being smart in managing funds.
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To me I think is having good self-control, with that you will be able to grow and same time control your emotions because, as a trader one of the thing that usually affect time is not having a good self-control, that's why most traders usually blow their account before realising it . So having good self-control will help to minimize losses , because one will be able to have good risk management.
Do you mean by the word self-control like controlling assets so that in the future it can generate large profits and the goal of traders is to become professional traders so that it is easier to gain profits and avoid losses. Maybe an old trader must have known the basics to start with by having a lot of knowledge and being smart in managing funds.
Okay being a professional means that you have gain alot of experience, when we talking of experience I mean having a good risk management and self-control, okay talking of self-control I mean being able to overcome some certain things like , one emotions , knowing when to stop or when ti continue reading . So being a professional doesn't mean you won't experience losses though , rather it will help in reducing it
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Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
I agree with the point of patience... because there are so many people who still can't be patient by making hasty decisions, even many are still too FOMO so that they can't think logically... There are several factors that also affect the success of becoming a trader, some are even willing to lose a little of their money, to get more money... of course this is part of the strategy.
Agreed. A person should have valid and reachable goals in mind in order to get what she desires - profit or anything else. Trading responsibly can lead to great opportunities, with fewer risks attached.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Someone who keeps learning from his or her own mistakes is not more successful than those who keep learning from other people's mistakes.
This is to say that, one does not have to wait until he or she does any mistake before he or she can learn, such mistakes can be avoided by simply putting eyes and mind down to learn from other people's mistakes, this can be achieved through reading books and good online posts, watching educative videos and well as listening to really good news and information that is in relation with ones line of interest.
And it's also very important to have a good mentor as well, someone who have gone through alot in an industry of your interest and have succeeded, follow such a person and learn from him or her, there are mistakes he or she has made, which he or she will help you not to make same mistakes, which can help you succeed faster than relying on your own self and learning from your own mistakes.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Someone who keeps learning from his or her own mistakes is not more successful than those who keep learning from other people's mistakes.
This is to say that, one does not have to wait until he or she does any mistake before he or she can learn, such mistakes can be avoided by simply putting eyes and mind down to learn from other people's mistakes, this can be achieved through reading books and good online posts, watching educative videos and well as listening to really good news and information that is in relation with ones line of interest.
I would say it's smart to learn from other people's experiences but certain things can't have it's full extent until it happens to us but keeping ourselves educated which is no harm for anyone but often people not ready to take such efforts when they are busy dealing with their own things.
The point is they should not repeat their mistakes which itself a sign that they are getting better at what they do and with the compounding effect they have chance to make real good money if they are sensible enough to manage the risk/rewards ratio.
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As we read from lot of investor books that the investor make a huge money from market easily but not from lot of trading but just give a time to the investment bcz investment demand the time for moon 🌝.
So always prefer to buy Red ♥️ and sale green 🤑💚.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader, keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader, keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.
I agree that patience is the most important thing in investment, being a trader must be patient and seek a lot of experience by always training our skills in trading. And patience is also needed in making long-term investments, do not panic in seeing a fluctuating market and always focus on our initial plan.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader, keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.
I agree that patience is the most important thing in investment, being a trader must be patient and seek a lot of experience by always training our skills in trading. And patience is also needed in making long-term investments, do not panic in seeing a fluctuating market and always focus on our initial plan.
This is true because patience is a virtue in investing and trading, especially in the middle of volatile market. It is very crucial especially for a trader or investor to maintain discipline when following the laid down strategy. This is why one approach could be to spend not more, say, 10 minutes a day to track market prices because fixation on short term fluctuations leads to stress and emotional decisions. Eliminating short term account checking will instead be followed by staying long-term oriented and conducting portfolio assessments periodically.
Also, the actual practice of trading skills and learning from your mistakes is an investment in a person. Through the critical analysis of the strategies that have been employed it is possible to enhance the strategies the organization employs to meet market challenges. It is pertinent to open a demo account to try a handout at first before going into real account business to enhance your experience with little or no real money exposure. Remember we also stressed on the importance to set the right expectations so that we don’t either overplay or underplay in between can keep the patience as well as the optimal strategy intact.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader, keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.
Patience is something very important, even not only in trading. With patience we are able to continue learning without feeling bored. Boredom may exist because it is a very normal thing, but with patience we will be able to fight it all.
There are many keys to success in achieving success, patience is one of the things we must have, especially in the learning process. Because many people give up because they are not strong enough with the process.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader, keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.
Patience is something very important, even not only in trading. With patience we are able to continue learning without feeling bored. Boredom may exist because it is a very normal thing, but with patience we will be able to fight it all.
There are many keys to success in achieving success, patience is one of the things we must have, especially in the learning process. Because many people give up because they are not strong enough with the process.
It's true, trading is something you need a lot of patience. No trader has ever been successful without this trait. Even though they are profitable, they still apply it to their trading. It's just that having this trait isn't automatic, it has to be cultivated. And because it is not easy, many traders lose or quit.
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It's true, trading is something you need a lot of patience. No trader has ever been successful without this trait. Even though they are profitable, they still apply it to their trading. It's just that having this trait isn't automatic, it has to be cultivated. And because it is not easy, many traders lose or quit.
Much self-discipline and effort are needed to train yourself to be like what you described.
With time and effort comes expertise, and then some actions become automatic.
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It's true, trading is something you need a lot of patience. No trader has ever been successful without this trait. Even though they are profitable, they still apply it to their trading. It's just that having this trait isn't automatic, it has to be cultivated. And because it is not easy, many traders lose or quit.
Much self-discipline and effort are needed to train yourself to be like what you described.
With time and effort comes expertise, and then some actions become automatic.
Yes, patience could be the outcome of discipline which is we also need to be molded. Nothing in the world is automatic. For example, if a child is taught discipline, it will grow up to be disciplined. If you teach it evil deeds, it will become evil. You make yourself a disciplined person right after saying that you need to be a disciplined person. So it's not really automatic. We have to learn first and apply until the result will show itself.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
- In my opinion and view, we can no longer avoid losing in crypto trading because there are no perfect traders, because even experts in trading even experience losing because of the unpredictable nature of the market, and that's because of the volatility that is known to the majority.
Although most of us community traders in crypto often learn from our mistakes, where as much as possible we don't want to lose, and since sometimes it can't be avoided, I think there should be a target SL so that we can limit the big loss as traders.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
- In my opinion and view, we can no longer avoid losing in crypto trading because there are no perfect traders, because even experts in trading even experience losing because of the unpredictable nature of the market, and that's because of the volatility that is known to the majority.
Although most of us community traders in crypto often learn from our mistakes, where as much as possible we don't want to lose, and since sometimes it can't be avoided, I think there should be a target SL so that we can limit the big loss as traders.
It's better to use demo-trading and only the money you are willing to spend. Also, to learn from the trades of others, if possible.
Maybe do team sessions with analysis.
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Patience is something very important, even not only in trading. With patience we are able to continue learning without feeling bored. Boredom may exist because it is a very normal thing, but with patience we will be able to fight it all.
There are many keys to success in achieving success, patience is one of the things we must have, especially in the learning process. Because many people give up because they are not strong enough with the process.
It's true, trading is something you need a lot of patience. No trader has ever been successful without this trait. Even though they are profitable, they still apply it to their trading. It's just that having this trait isn't automatic, it has to be cultivated. And because it is not easy, many traders lose or quit.
That's what's hard, patience is actually something that is within us, it just takes effort to grow it so that we can utilize the patience that we have. Not everyone can do that.
Well, many people say that patience has limits, that is wrong in my opinion, because if there are limits then it is not patience. It's not just technical factors that we have to learn, but external factors must also be mastered well.
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In my opinion and view, we can no longer avoid losing in crypto trading because there are no perfect traders, because even experts in trading even experience losing because of the unpredictable nature of the market, and that's because of the volatility that is known to the majority.
Although most of us community traders in crypto often learn from our mistakes, where as much as possible we don't want to lose, and since sometimes it can't be avoided, I think there should be a target SL so that we can limit the big loss as traders.
Yeah, mistakes and losses are part of the game, especially when traders have been in the market for a long time. He'll understand and easily accept that to move forward instead of worrying and quitting.
To survive and profit, avoiding bad trades is necessary but we also need to limit losses on bad trades and maximize profits on good ones. Many legendary traders are still extremely wealthy despite having 30% win rate ~ only 30%
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That's what's hard, patience is actually something that is within us, it just takes effort to grow it so that we can utilize the patience that we have. Not everyone can do that.
Well, many people say that patience has limits, that is wrong in my opinion, because if there are limits then it is not patience. It's not just technical factors that we have to learn, but external factors must also be mastered well.
I think if we are really patient, we might get bigger profits, because patience is unlimited. Sometimes what limits us is greed and need. If we need the money, we have to think about which is more important to do, to persist with patience or to prioritize the needs that we have to fulfill.
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In my opinion and view, we can no longer avoid losing in crypto trading because there are no perfect traders, because even experts in trading even experience losing because of the unpredictable nature of the market, and that's because of the volatility that is known to the majority.
Although most of us community traders in crypto often learn from our mistakes, where as much as possible we don't want to lose, and since sometimes it can't be avoided, I think there should be a target SL so that we can limit the big loss as traders.
Yeah, mistakes and losses are part of the game, especially when traders have been in the market for a long time. He'll understand and easily accept that to move forward instead of worrying and quitting.
To survive and profit, avoiding bad trades is necessary but we also need to limit losses on bad trades and maximize profits on good ones. Many legendary traders are still extremely wealthy despite having 30% win rate ~ only 30%
Not always everyone learn from the mistakes and keep repeating it, especially with the overhyped coins listed on Binance or whatever exchange and most of the time they will get dumped and forever but still there are people who claim themselves as trader doing the same mistake.
But who wants to be successful should learn from it if they really want to get better at trading.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Discipline is one of the keys.
and from this discipline we will be carried away by the flow and its development to other things.
- such as the willingness and ability to learn in more detail and consistently.
- The ability and capability to start being able to control ourselves more wisely
With discipline that can trigger our consistency in learning, analyzing, doing it continuously, and making ourselves more patient and not emotional, then it will be much better. especially in trading which really plays with feelings and emotions, and makes us often want to give up easily just because we failed once at the beginning and don't want to learn anymore.
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That's what's hard, patience is actually something that is within us, it just takes effort to grow it so that we can utilize the patience that we have. Not everyone can do that.
Well, many people say that patience has limits, that is wrong in my opinion, because if there are limits then it is not patience. It's not just technical factors that we have to learn, but external factors must also be mastered well.
I think if we are really patient, we might get bigger profits, because patience is unlimited. Sometimes what limits us is greed and need. If we need the money, we have to think about which is more important to do, to persist with patience or to prioritize the needs that we have to fulfill.
It will be a battle between patience, greed and fear, because all of these things are something that is inside us, depending on whether we will follow which one. Self-control is a factor that will determine which one we will follow.
Therefore, in trading we should make it an additional source of income, because that way we will not be in a hurry to take steps because of the urgent needs that we have.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Discipline is one of the keys.
and from this discipline we will be carried away by the flow and its development to other things.
- such as the willingness and ability to learn in more detail and consistently.
- The ability and capability to start being able to control ourselves more wisely
With discipline that can trigger our consistency in learning, analyzing, doing it continuously, and making ourselves more patient and not emotional, then it will be much better. especially in trading which really plays with feelings and emotions, and makes us often want to give up easily just because we failed once at the beginning and don't want to learn anymore.
Discipline may not always lead to the successful path but it teaches the self control and with the effort of the traders it's possible to learn and be consistent that may further leads to the successful journey.
Even with all the skill there's still a luck factor needed and if it's for someone it's not working for really long term then they also should be flexible with their strategies and should not hesitate to take chances of necessary.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Discipline is one of the keys.
and from this discipline we will be carried away by the flow and its development to other things.
- such as the willingness and ability to learn in more detail and consistently.
- The ability and capability to start being able to control ourselves more wisely
With discipline that can trigger our consistency in learning, analyzing, doing it continuously, and making ourselves more patient and not emotional, then it will be much better. especially in trading which really plays with feelings and emotions, and makes us often want to give up easily just because we failed once at the beginning and don't want to learn anymore.
Discipline may not always lead to the successful path but it teaches the self control and with the effort of the traders it's possible to learn and be consistent that may further leads to the successful journey.
Even with all the skill there's still a luck factor needed and if it's for someone it's not working for really long term then they also should be flexible with their strategies and should not hesitate to take chances of necessary.
Discipline teaches us to stay focused and consistent in doing something, especially when trading, because discipline makes us more professional in making analysis and implementing plans and strategies correctly.
The luck factor also influences trading, but we should not always rely on luck because luck does not always come, we understand that the crypto market is unstable so it takes analysis and skills and not just luck.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Discipline is one of the keys.
and from this discipline we will be carried away by the flow and its development to other things.
- such as the willingness and ability to learn in more detail and consistently.
- The ability and capability to start being able to control ourselves more wisely
With discipline that can trigger our consistency in learning, analyzing, doing it continuously, and making ourselves more patient and not emotional, then it will be much better. especially in trading which really plays with feelings and emotions, and makes us often want to give up easily just because we failed once at the beginning and don't want to learn anymore.
Greed is also another challenging factor we need consider among qualities to successful trading, when greed engulf trader you would how they will lose important trades at the cost of trying waiting either to take huge profits or waiting for the right entry point to execute trading. When greed are being cultured and tailored it gives more chances to profits maximization and profitable trading experience.
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Greed is also another challenging factor we need consider among qualities to successful trading, when greed engulf trader you would how they will lose important trades at the cost of trying waiting either to take huge profits or waiting for the right entry point to execute trading. When greed are being cultured and tailored it gives more chances to profits maximization and profitable trading experience.
Greed is a bad emotion, I agree with this opinion because it will make us lose the opportunity to gain profit because we hope for greater profit. A professional trader can manage this emotion because he has long experience. because sometimes I also have a greedy nature and end up losing profit because the crypto market is very volatile.
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If you want to be a successful trader, you must have all the concepts related to trading. To be a successful trader, you must have a lot of patience.Without patience it is not possible to survive in trading. Success in trading. To do this, one must be a good market analyst. The better one can analyze the market, the better the trader can be.The rules of trading should be known well. You should refrain from trading repeatedly. You should trade by understanding the market situation. If the market conditions are bad, you should refrain from trading.Because there is a possibility of loss as a result of repeated trading. Don't get frustrated and trade with patience.
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If you want to be a successful trader, you must have all the concepts related to trading. To be a successful trader, you must have a lot of patience.Without patience it is not possible to survive in trading. Success in trading. To do this, one must be a good market analyst. The better one can analyze the market, the better the trader can be.The rules of trading should be known well. You should refrain from trading repeatedly. You should trade by understanding the market situation. If the market conditions are bad, you should refrain from trading.Because there is a possibility of loss as a result of repeated trading. Don't get frustrated and trade with patience.
To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading. In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition. Keep trading so that money is never at risk.
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To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading. In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition. Keep trading so that money is never at risk.
I agree with you because it is true that in trading one must have patience otherwise one cannot get a successful trader. Many times we start thinking of trading as a quick rich scheme, which is actually our wrong idea.
In fact, to be successful not only in trading but in all fields, patience and hard work are needed. I have read many traders articles and shared their experiences on social media many of them were millionaires but they didn't reach this place in one day or two or three months they spent years of trading practice and live trading only then they reached that position. So we should not be so easy on success.
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To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading. In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition. Keep trading so that money is never at risk.
I agree with you because it is true that in trading one must have patience otherwise one cannot get a successful trader. Many times we start thinking of trading as a quick rich scheme, which is actually our wrong idea.
In fact, to be successful not only in trading but in all fields, patience and hard work are needed. I have read many traders articles and shared their experiences on social media many of them were millionaires but they didn't reach this place in one day or two or three months they spent years of trading practice and live trading only then they reached that position. So we should not be so easy on success.
Not only in trading, patience is always needed in all efforts and investments. And in trading patience is the main key to achieving success, because we will always be faced with the crypto market which is always fluctuating.
In medium and long term holding, patience is also needed, because sometimes the market suddenly changes and experiences corrections if you don't have patience, you will panic.
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To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading. In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition. Keep trading so that money is never at risk.
I agree with you because it is true that in trading one must have patience otherwise one cannot get a successful trader. Many times we start thinking of trading as a quick rich scheme, which is actually our wrong idea.
In fact, to be successful not only in trading but in all fields, patience and hard work are needed. I have read many traders articles and shared their experiences on social media many of them were millionaires but they didn't reach this place in one day or two or three months they spent years of trading practice and live trading only then they reached that position. So we should not be so easy on success.
A lot of patience to achieve success Success is possible only after a lot of hard work. If someone wants to be big suddenly then he will never be successful. Again, some people have become destitute, the difference between them is that some have patience and hard work, and on the other hand, they have become destitute due to lack of patience and hard work. Good things can be expected from trading only when trading can be started with good experience about trading.
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To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading. In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition. Keep trading so that money is never at risk.
I agree with you because it is true that in trading one must have patience otherwise one cannot get a successful trader. Many times we start thinking of trading as a quick rich scheme, which is actually our wrong idea.
In fact, to be successful not only in trading but in all fields, patience and hard work are needed. I have read many traders articles and shared their experiences on social media many of them were millionaires but they didn't reach this place in one day or two or three months they spent years of trading practice and live trading only then they reached that position. So we should not be so easy on success.
A lot of patience to achieve success Success is possible only after a lot of hard work. If someone wants to be big suddenly then he will never be successful. Again, some people have become destitute, the difference between them is that some have patience and hard work, and on the other hand, they have become destitute due to lack of patience and hard work. Good things can be expected from trading only when trading can be started with good experience about trading.
my experience is not good in trading because I often suffer defeat in the past, but because of patience and I always practice in trading patiently, finally I have a strategy and skills in trading until the profit I get is greater than the defeat.
And I agree with you patience will make us successful if we continue to learn and seek experience.
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my experience is not good in trading because I often suffer defeat in the past, but because of patience and I always practice in trading patiently, finally I have a strategy and skills in trading until the profit I get is greater than the defeat.
And I agree with you patience will make us successful if we continue to learn and seek experience.
In fact, it's not just your experience, more than 80% of people who come to trading have the same experience because we don't give up and invest without learning trading well. And besides, you have to remember that you will invest in trading only when you understand what are the reasons for your loss and when you understand it, then you will think that you are ready to trade. And before that I would suggest to use only demo trading for practice.
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my experience is not good in trading because I often suffer defeat in the past, but because of patience and I always practice in trading patiently, finally I have a strategy and skills in trading until the profit I get is greater than the defeat.
And I agree with you patience will make us successful if we continue to learn and seek experience.
In fact, it's not just your experience, more than 80% of people who come to trading have the same experience because we don't give up and invest without learning trading well. And besides, you have to remember that you will invest in trading only when you understand what are the reasons for your loss and when you understand it, then you will think that you are ready to trade. And before that I would suggest to use only demo trading for practice.
Starting up with demo is also good but the rest of other learnings could really be acquired through real balance trading because if we do stick into demo and trying out to master everything
but still you are lacking with emotion handling or management then you would really be still failing when it comes to real trading because we do know that the main difference about demo and live trading is about on the capital that you are handling on and the emotions that are attached to it. You would be able to find out its main differences in regarding into this matter.
This is why after you have familiarize yourself on dealing up with demo then the next step is to deal up with real trading on which real learning would be obtained into this space.
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my experience is not good in trading because I often suffer defeat in the past, but because of patience and I always practice in trading patiently, finally I have a strategy and skills in trading until the profit I get is greater than the defeat.
And I agree with you patience will make us successful if we continue to learn and seek experience.
In fact, it's not just your experience, more than 80% of people who come to trading have the same experience because we don't give up and invest without learning trading well. And besides, you have to remember that you will invest in trading only when you understand what are the reasons for your loss and when you understand it, then you will think that you are ready to trade. And before that I would suggest to use only demo trading for practice.
It is for this reason that most people who venture into trading usually fail right from word go because, they start making trading decisions without fully grasping trading fundamentals. This is natural because we are all learners in one or another at our workplaces and it is noteworthy that having observed the errors, which have taken place, we should take necessary measures in this sphere. The first process which has to be fulfilled when we encounter a loss is the assessment of the reason behind it. Knowledge of the antecedent of losses is an advantage to ensuring enhanced decision-making in the future to avoid such losses. Just prior to putting real money down, it is advised to engage in the use of a demo account. In this manner, we could arrive at the real trading skill capability without any risks of getting in trouble and that what we are doing now is simply practice until we get full maturity of skills on actual investments with real money.
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It is for this reason that most people who venture into trading usually fail right from word go because, they start making trading decisions without fully grasping trading fundamentals. This is natural because we are all learners in one or another at our workplaces and it is noteworthy that having observed the errors, which have taken place, we should take necessary measures in this sphere. The first process which has to be fulfilled when we encounter a loss is the assessment of the reason behind it. Knowledge of the antecedent of losses is an advantage to ensuring enhanced decision-making in the future to avoid such losses. Just prior to putting real money down, it is advised to engage in the use of a demo account. In this manner, we could arrive at the real trading skill capability without any risks of getting in trouble and that what we are doing now is simply practice until we get full maturity of skills on actual investments with real money.
You are right, this is actually the main reason that those who start investing in trading without fully learning trading and gradually increase the amount of their losses and finally retire from trading and their gains from trading are only losses.
In fact, it is not only in the field of trading, but also in the field of other sectors, people often invest in a business without knowing the basics of a business, and later it is seen that he eats a loss in the business and finally he has to close his business. So we should first know about trading or in any case when we do investment then we should know fully about that subject how those things work and give a good result and then we should go for investment. If not, you will have to lose face repeatedly due to imperfect knowledge and greed.
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a successful person is a person who always learns, tries and works hard in what he aims for. if he aims to be successful in crypto then what he has to do is learn to understand the market such as market trends, so he must have a lot of knowledge in trading or information about crypto because positive or negative crypto news will affect its price so we have to learn .. and he must be smart in managing his assets and he must have a strategy or plan to manage his assets so that he can generate multiple profits.
I agree that in life we must always learn, especially in investing in crypto, we must always learn many things and this requires experience in order to understand new things. Patience and always focusing on investing in crypto is the key to achieving success. Nothing is easy if we want to succeed in investing because everything requires a process, especially in trading, this is also more difficult and requires experience and skills in creating a good strategy.
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I agree that in life we must always learn, especially in investing in crypto, we must always learn many things and this requires experience in order to understand new things. Patience and always focusing on investing in crypto is the key to achieving success. Nothing is easy if we want to succeed in investing because everything requires a process, especially in trading, this is also more difficult and requires experience and skills in creating a good strategy.
You are also right I want to say not only in crypto industry but now the era is digital era and in this era day by day and our world is upgrading again and here if we can't upgrade ourselves without gaining knowledge by learning constantly then we In this digital age, we cannot survive in the crowd of competition.
And as you said, there is a matter of investment in the industry of crypto currency, and if we don't know and learn new updates constantly, then there is a possibility of not only lagging behind, but also of taking a big loss here. And so we must be constantly aware of news and updates if we want to see ourselves as successful traders.
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You are also right I want to say not only in crypto industry but now the era is digital era and in this era day by day and our world is upgrading again and here if we can't upgrade ourselves without gaining knowledge by learning constantly then we In this digital age, we cannot survive in the crowd of competition.
And as you said, there is a matter of investment in the industry of crypto currency, and if we don't know and learn new updates constantly, then there is a possibility of not only lagging behind, but also of taking a big loss here. And so we must be constantly aware of news and updates if we want to see ourselves as successful traders.
We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
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We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
Yes, I agree with you and the reason is that in this digital age, new inventions are being made every minute, people and society are getting upgraded and our society is becoming more competitive. To make ourselves successful here, we need to constantly increase our people. It doesn't just apply to cryptocurrency, we need to be aware of the latest updates in each sector so that we don't lag behind others. And as a trader, it is necessary to do these things in his life.
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We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
Yes, I agree with you and the reason is that in this digital age, new inventions are being made every minute, people and society are getting upgraded and our society is becoming more competitive. To make ourselves successful here, we need to constantly increase our people. It doesn't just apply to cryptocurrency, we need to be aware of the latest updates in each sector so that we don't lag behind others. And as a trader, it is necessary to do these things in his life.
We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.
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We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
Yes, I agree with you and the reason is that in this digital age, new inventions are being made every minute, people and society are getting upgraded and our society is becoming more competitive. To make ourselves successful here, we need to constantly increase our people. It doesn't just apply to cryptocurrency, we need to be aware of the latest updates in each sector so that we don't lag behind others. And as a trader, it is necessary to do these things in his life.
We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.
We still need to be more careful in deciding where we invest our time and energy because as we are aware there is an endless list of projects and ideas popping up. However, not all of them will yield greater values for the longer haul. Hence, it is very important to have a deep analysis before you decide and commit yourself on whether or not a certain project should be taken. If done right, they themselves help us to minimize the point where we spend our time and money on things that do not bring about positive effects and instead direct our attention on things that can reap big results.
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We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.
The best sign of a trader is that he knows best money management and the second best sign is his analytical skills. There are many of us who see a little hype in a project and invest in that project without doing any analysis.
And on the other hand, a professional must not invest in it based on emotion, he will first analyze what the project is actually based on and what is their goal and what is their roadmap and who is in the team of those projects, and Max supply As well as marketcap and who are the backers of that project. Then a professional trader will select a good coin to invest.
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We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
Yes, I agree with you and the reason is that in this digital age, new inventions are being made every minute, people and society are getting upgraded and our society is becoming more competitive. To make ourselves successful here, we need to constantly increase our people. It doesn't just apply to cryptocurrency, we need to be aware of the latest updates in each sector so that we don't lag behind others. And as a trader, it is necessary to do these things in his life.
We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.
Investing in new projects is quite a risk because most of the time I have faced losses by investing in new projects. But if you invest in good new projects, you have more chances to get profit. If you can find some good coins from the market, there will be a chance of getting good profit in future. Some times due to bad market one has to face big loss. Recovery of this loss requires experience and skill.
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We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.
Normally things are always about taking advantage of new projects, but that's a matter of minutes when they come out on the exchanges, because the dump is massive, so the trick is to get a lot of tokens, millions of tokens so that you can see the profit, but since so many projects have come out now and they give few tokens, sometimes it's not worth doing them, because that's like wasting time, it's preferable to do other things that are much more useful and that can generate more money , that's what we're looking for.
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We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
I think if you are trader and you have understand how the market work right, at some points you don't really need the knowledge again. What you need the most is the experience because it's experience they don't teach, you self learn it and from there you improve in any other things of the market, no one will tell you the market will crash unless you learn it yourself.
While learning the market, learn to also make friends from insiders, most if the time it's the technical analysis of the market that makes you money but getting access to first class information helps you mofe as the market is move by sentiments.
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Investing in new projects is quite a risk because most of the time I have faced losses by investing in new projects. But if you invest in good new projects, you have more chances to get profit. If you can find some good coins from the market, there will be a chance of getting good profit in future. Some times due to bad market one has to face big loss. Recovery of this loss requires experience and skill.
And for this one reason there are also have a chances to make huge profit by investing on a new crypto project and in this point we also get traped by the greed and that is the also a main reason most of trader or the investor are also facing losses in these coin.
And if we look the investor who are investing these kind of new project most of them are the new investor who don't have good knowledge about the analysis. And here the professional trader and the newbie trader has the differences like the newbie with few knowledge doing their trade and increasing their losing amount.
And in case of the professional trader with the good analysis knowledge they also did face losses in crypto investment and trading but they can have the recovering with using their knowledge. So we should learn the how to do trading then jump in to trading.
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I think if you are trader and you have understand how the market work right, at some points you don't really need the knowledge again. What you need the most is the experience because it's experience they don't teach, you self learn it and from there you improve in any other things of the market, no one will tell you the market will crash unless you learn it yourself.
While learning the market, learn to also make friends from insiders, most if the time it's the technical analysis of the market that makes you money but getting access to first class information helps you mofe as the market is move by sentiments.
Isn't that also included in knowledge? Indirectly, we may not realize that it is also a hidden knowledge because we already know how the market works. But if we dig deeper, then it is also knowledge.
I think we can't separate knowledge in any case, because knowledge is its main source. If it is without knowledge, then how can we understand how the market works? Well, in this case, once again, it comes from knowledge.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Of course, if you have mastered trading, it will surely be easy for you to get profit in crypto trading. But if you don't have enough knowledge and depth here, it's also guaranteed that you will always lose easily in trading on any exchange you use.
That's why being a successful trader in crypto trading is not easy to achieve, I am pretty sure that you can lose a large amount of money in trading before you can achieve what is said to be a successful trader in this field in truth.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
You should follow your instincts and be prepared to allow the market to do its thing. Having the knowledge of trading is important and when you’re able to master it, you should believe and trust your analysis in order to know where you’re making the mistake and where you’re applying the right thing. The cryptocurrency career is not something that you can get to understand easily, you need to put all things together to make it in this career. Trading is not easy and if it was, everyone would be a trader and be a millionaire by now.
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Patience and resilience are important and if you’re able to keep up with this two when trading, then you’re halfway successful into your trading journey. One other thing I see very necessary at trading is the ability to be able to apply risk management and when you’re able to accomplish that, your trading journey will be more easier than ever.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
If you're going for trading, then be getting ready in knowing enough resource knowledge on how to be a trader, have an idea on the kinds of trading we have, choose the best trading strategy that you think you could deliver well in, lastly, have enough capital to use in starting up a trading career, don't borrow to trade, instead, learn on how to earn and trade, ensure you review on your trading skills and see how progressive you're in it over time.
I think main key is proper knowledge about trading to be a successful trader. Without proper knowledge anyone can't success in trading it is universal truth. Moreover mony management, market analysis, news analysis time management, risk management etc is also very implement for a successful trader.
If anyone gether proper knowledge about trading and follow uper mentioned, i think he will be a successful trader and today or tomorrow he will be successful in trading there has no doubt.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
If you're going for trading, then be getting ready in knowing enough resource knowledge on how to be a trader, have an idea on the kinds of trading we have, choose the best trading strategy that you think you could deliver well in, lastly, have enough capital to use in starting up a trading career, don't borrow to trade, instead, learn on how to earn and trade, ensure you review on your trading skills and see how progressive you're in it over time.
I think main key is proper knowledge about trading to be a successful trader. Without proper knowledge anyone can't success in trading it is universal truth. Moreover mony management, market analysis, news analysis time management, risk management etc is also very implement for a successful trader.
If anyone gether proper knowledge about trading and follow uper mentioned, i think he will be a successful trader and today or tomorrow he will be successful in trading there has no doubt.
The right knowledge is needed in trading besides experience is also very important. because in trading it takes skills that can only be trained by always doing it and we must have good analytical and prediction skills. Good strategies and plans are also needed in this case.
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The right knowledge is needed in trading besides experience is also very important. because in trading it takes skills that can only be trained by always doing it and we must have good analytical and prediction skills. Good strategies and plans are also needed in this case.
Yes, in trading, knowledge is important, but practice and experience come next because they help you develop the ability to read patterns and figure out when to enter or leave the trade, as well as the ability to work with constantly evolving and changing markets. This is not just theory: the process of analysis and the skills of data-enabled predictions will grow over time as we immerses in real-market situations. Discipline is the best word to use here; if we stick to our strategies and plans that we have set in advance then we are able to face numerous market factors and also get consistency in the decision making process. As I have been noting all along these are skills that are developed in the process rather than being inherent at the onset nevertheless, time has a way of helping our minds mature in the understanding of the risks and opportunities when it comes to the various skills of life.
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The right knowledge is needed in trading besides experience is also very important. because in trading it takes skills that can only be trained by always doing it and we must have good analytical and prediction skills. Good strategies and plans are also needed in this case.
Yes, in trading, knowledge is important, but practice and experience come next because they help you develop the ability to read patterns and figure out when to enter or leave the trade, as well as the ability to work with constantly evolving and changing markets.
Exactly, They must always go hand in hand. Practice based on knowledge that is already good enough, and from that practice we can learn personal experience. and from that experience, we will learn again about other knowledge and insights, so that there is always an evaluation in the future. and this must indeed run in harmony continuously.
Trading is indeed not as easy as we imagine, sometimes we seem to be very sure of what we put, but it turns out that everything is easy to break. and this is why when we are going to trade, we must have mental and emotional strength so that we can be ready for all the risks
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The right knowledge is needed in trading besides experience is also very important. because in trading it takes skills that can only be trained by always doing it and we must have good analytical and prediction skills. Good strategies and plans are also needed in this case.
Yes, in trading, knowledge is important, but practice and experience come next because they help you develop the ability to read patterns and figure out when to enter or leave the trade, as well as the ability to work with constantly evolving and changing markets.
Exactly, They must always go hand in hand. Practice based on knowledge that is already good enough, and from that practice we can learn personal experience. and from that experience, we will learn again about other knowledge and insights, so that there is always an evaluation in the future. and this must indeed run in harmony continuously.
Trading is indeed not as easy as we imagine, sometimes we seem to be very sure of what we put, but it turns out that everything is easy to break. and this is why when we are going to trade, we must have mental and emotional strength so that we can be ready for all the risks
With this we concur that to accrue equally positive results, knowledge and practice must work hand in hand. In this way, working from experience everyone can keep on absorbing the further practice and gain the new and new experience, the new and new knowledge. It becomes possible to continue comprehensively evaluating the effectiveness of our approach and refine our methods. Despite trading being replete with risks it’s important to have a sound mind and a healthy body to deal with the risks in a better way and reduce the effect they have on our decision making ability.
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I think it's always best to invest in crypto by doing your own research and not following anyone. Moreover, if you want to build your career from crypto, you have to practice everything. There are at least two things to consider: investing and trading. You can practice any topic and find sources to earn money from crypto. Patience and resilience are needed in everything as i have held a token for the past one year and have yet to sell. This is the loss of my capital due to the falling price of the token. On the other hand, in the crypto you can earn free money if you want by participating in bounty, airdrop, tap to earn telegram game.
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Yes, in trading, knowledge is important, but practice and experience come next because they help you develop the ability to read patterns and figure out when to enter or leave the trade, as well as the ability to work with constantly evolving and changing markets. This is not just theory: the process of analysis and the skills of data-enabled predictions will grow over time as we immerses in real-market situations. Discipline is the best word to use here; if we stick to our strategies and plans that we have set in advance then we are able to face numerous market factors and also get consistency in the decision making process. As I have been noting all along these are skills that are developed in the process rather than being inherent at the onset nevertheless, time has a way of helping our minds mature in the understanding of the risks and opportunities when it comes to the various skills of life.
I fully agree with this view on trading. Knowledge is important but practice and experience are just as vital. They help you get better at understanding market and making decisions and predicting what will happen next. As you trade more you will get better at seeing patterns and adapting to changes and making informed decisions. Sticking to your plans and strategies is crucial that is discipline. This helps you make consistent decisions.
You do not naturally have these skills. You develop them over time through trial and error and learning from mistakes and gaining experience. More you trade more you will understand risks and opportunities. To trade well you need mix of knowledge and practice and also discipline and continuous learning.
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Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
DCA method is very useful for both trading and holding. When someone invests their entire capital in one coin at once, if they are lucky, they can make huge profits very quickly, while at the same time, their losses are huge. And another thing is when someone invests his entire capital on just one coin it works like gambling for him. Therefore, multiple coins should be chosen for investment so that if there is a loss in one, the other can cover that loss. In this case the capital will always be full. And as long as your capital decreases, you can control yourself and be patient. Otherwise panic is more likely. So I always prefer to employ DCA strategy in multiple coins
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Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
DCA method is very useful for both trading and holding. When someone invests their entire capital in one coin at once, if they are lucky, they can make huge profits very quickly, while at the same time, their losses are huge. And another thing is when someone invests his entire capital on just one coin it works like gambling for him. Therefore, multiple coins should be chosen for investment so that if there is a loss in one, the other can cover that loss. In this case the capital will always be full. And as long as your capital decreases, you can control yourself and be patient. Otherwise panic is more likely. So I always prefer to employ DCA strategy in multiple coins
In my opinion, it is diversification, where we invest in several coins. By investing in several potential coins, it will increase our chances of making a profit because it is divided into several coins, and also reduce losses. and the method used to collect these coins is the DCA method, where purchases are made in stages according to our abilities.
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What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?
Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
Yeah patience is one of the greatest factors to a successful trading experience at certain periods. Some traders, especially the inexperienced ones are not always patience in follow the market trends before entering and closing their positions.
Other factors that will enhance a successful trading experience are:
1.Technically and Fundamental analysis
2.Emotional reactions
3.Plans and trading strategy
4.Risk Tolerance etc
It is very clear that without basic knowledge and some experience on analyzing the market trends, possibly with chart patterns, it may be very difficult to trade Cryptocurrency.
Also, following up markets events, news, speculations on the news platforms; and on social networks, is a strong factor on successful trading.
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Exactly, They must always go hand in hand. Practice based on knowledge that is already good enough, and from that practice we can learn personal experience. and from that experience, we will learn again about other knowledge and insights, so that there is always an evaluation in the future. and this must indeed run in harmony continuously.
With this we concur that to accrue equally positive results, knowledge and practice must work hand in hand. In this way, working from experience everyone can keep on absorbing the further practice and gain the new and new experience, the new and new knowledge. It becomes possible to continue comprehensively evaluating the effectiveness of our approach and refine our methods. Despite trading being replete with risks it’s important to have a sound mind and a healthy body to deal with the risks in a better way and reduce the effect they have on our decision making ability.
Yes, it should be:
basic knowledge required - practical - always keep learning by doing - evaluation - keep going
but in fact not everything will go smoothly according to what is planned and managed. sometimes there is a temptation that makes us break the rule and cycle, so the results will be bad. however, it does not rule out the possibility that with various mature plans and our consistency, we will get trading results that are in accordance with expectations. yes, consistency is very necessary and important considering that we often change in several things in a short time.
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Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.
And I would call someone successful if they keep learning from their own mistakes.
DCA method is very useful for both trading and holding. When someone invests their entire capital in one coin at once, if they are lucky, they can make huge profits very quickly, while at the same time, their losses are huge. And another thing is when someone invests his entire capital on just one coin it works like gambling for him. Therefore, multiple coins should be chosen for investment so that if there is a loss in one, the other can cover that loss. In this case the capital will always be full. And as long as your capital decreases, you can control yourself and be patient. Otherwise panic is more likely. So I always prefer to employ DCA strategy in multiple coins
Yes DCA method is most effective method for holding and trading. I think DCA method is perfect for bear market. I also a trader even I am holding some token. I bought thats coin and Token following DCA method. Every Dump i was bought some token. And after up market i sold some token and some token i am holding.
There are many technique are followed for trading. Who will able to apply various technique he will be successful in trading i strongly believe it.