Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: DegenLifestyle on April 03, 2025, 09:40:26 PM
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
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I like that you know 90% of traders are losing. It might even be more than 90%. This is an indication that trading is very risky and not worth going for. But if you still want to go for it, it is better you use the amount of money that you can afford to lose to trade. Trading is not easy at all and there are things you will need to discover yourself because most people that will post here are also losing in trading because 90% of traders are losing. So when it comes to trading, most of us here are not special. Or let me say 90% of us here might be losing.
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there are traders who are just concentrating to on fundamental analysis and some choses technical analysis. both are useful in trading.
the indicators are often trusted by the traders where the data can be seen by every one and they can learn what others see on their charts. learning the indicators is sure the way to strengthen trading capacity.
day trading wasn't for me however. i hold for a long term before selling.
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Honestly you can beat the market, it's a losing game so you have a choice of undergo the loss and compensate with profits made from future or stop trading.
Setting a goal or target will not help when the market takes a dive, we can minimize the damage with stop loss but it is also something that will not be helpful when we trade too often.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
With practice, we can get better at trading. A good trader, in my opinion, is also a good reader. Reading about other traders' trading experiences is crucial, particularly those of professional traders. Because those experiences will help the trader avoid certain trading behaviors that could result in losses, this is one way a trader can improve his trade.
Trading does not guarantee that there will never be losses; rather, what matters is how the trade turns out in the long run. This is why a trader should not be in n a hurry to make profit but rather should be more concerned about making the proper steps in his trades because that is what determines whether he profits or not.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
When trading concepts are now easier for you to grasp and implement, and then strategy easier for you to formulate, you can say trading is for you.
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There are lots of traders loosing but if you can survive while you are trading and you keep a journal of your trades, it will help a lot to understand why you lose and why you win on that trade. If you just keep trading without a journal you can't understand why you lose and win, and you can't get a better strategy to be profitable.
Risk management also help you survive when price is always against your prediction.
Expand your knowledge and try other strategies and experience all of them I'm sure you will notice something.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Trading takes time and consistency. Sometimes you find yourself profiting from the market, another time you are in loss. What differentiate you from a losing trader is your ability to recover from your losses. Risk management and good planning helps alot when it comes to trading. Just know that the market has no emotions so it doesn't care if you are in loss or in profits. Your view of the market determines how long you will last being a trader. Again having capital to trade is another thing that hinders so many inspiring traders.
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Honestly you can beat the market, it's a losing game so you have a choice of undergo the loss and compensate with profits made from future or stop trading.
Setting a goal or target will not help when the market takes a dive, we can minimize the damage with stop loss but it is also something that will not be helpful when we trade too often.
I’ve only traded a few times since the beginning of the year due to the unstable market conditions and also the fear of making losses. Regarding futures trading you know how it can be which is why i’m looking into trying it out myself. I might check the Diamond event the Op mentioned since it’s a weekly event, i think it’s on Bitget because i saw the notification yesterday. Wish me luck.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Whenever I start to trade, I always say to myself "It doesn't matter how much you win. What's important is, to prevent yourself from losing money." That's always what I say to myself and maybe that helped me on how to enter trades because before entering a position, I always look at the possible risks, how sure am I with that trade, and how confident am I that I will end up making profit on that trade.
I'm not participating in any competitions, but I always have a personal target, and if just in case that target of mine doesn't reach, as long as I will end the day not at a loss then I'm still okay with it. I'm nowhere near about me realizing trading is for me since I haven't made that huge profits currently, but I would say that I'm in the right path hence, I'm still continuing to trade.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Whenever I start to trade, I always say to myself "It doesn't matter how much you win. What's important is, to prevent yourself from losing money." That's always what I say to myself and maybe that helped me on how to enter trades because before entering a position, I always look at the possible risks, how sure am I with that trade, and how confident am I that I will end up making profit on that trade.
I'm not participating in any competitions, but I always have a personal target, and if just in case that target of mine doesn't reach, as long as I will end the day not at a loss then I'm still okay with it. I'm nowhere near about me realizing trading is for me since I haven't made that huge profits currently, but I would say that I'm in the right path hence, I'm still continuing to trade.
Your mindset is really perfect for a trader, you said you haven’t made huge profits but it just matter of time bigger profits are going to fall in but all it deserves to get the bigger profits is nothing other than consistency, when you practice consistency and never give up on the trading then some years later it will definitely come bigger profits will fall in place that you couldn’t even imagine you will be able to make it that big from crypto world. Imagine yourself 5years from now where will you find yourself in trading a very long way and that will give you more knowledge about the market and you will be able to make big income from the market with different analyses.
Just be patient and continue learning you will definitely hit the big bag just keep pushing right okay. That just it patience, focus, discipline and consistency and the market will favor you a lot and most times, trying not to be in competition will gives you more focus to the market and it will take away unnecessary stress.
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we have to maintain learning and also have to be informed form time to time about the available updates and information across the crypto networks, this will be where our strength is going to lies because we are going to be aware of what is going on and never missed on any opportunity as well that may comes as a result, we have to also discover our areas of weakness in trading and improve on them in other to perform more better.
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Trading takes time and consistency. Sometimes you find yourself profiting from the market, another time you are in loss. What differentiate you from a losing trader is your ability to recover from your losses. Risk management and good planning helps alot when it comes to trading. Just know that the market has no emotions so it doesn't care if you are in loss or in profits. Your view of the market determines how long you will last being a trader. Again having capital to trade is another thing that hinders so many inspiring traders.
To improve the potential for profitability in the trading market, there are many things a trader can do, among which trading knowledge + capital management skills + emotional management experience play a decisive role.
Traders can seek knowledge about trading methods everywhere, they know RSI, MA, MACD, Ichimoku, but it will be difficult to profit without a deep understanding of them or finding the optimal parameters for those indicators. Sometimes, persistence and adherence to discipline are what a trader needs to make the tools effective.
Usually, all-in will be applied as soon as a trader believes the opportunity has arrived, whether buying or selling assets. We have common advice: do not risk more than 2% of capital in each trade, but usually traders can use 50% or 100% of their capital for one order and lose the opportunity to correct mistakes when losing.
Traders also need to be prepared to miss opportunities to avoid FOMO or making wrong decisions. Ultimately, psychology determines everything: whether applying a trading method or allocating investment capital. Psychological strength is only formed from knowledge and real-world experience in the market; it cannot be bought, sold, or transferred from one person to another. Each trader will need to discover and learn on their own throughout their trading career.
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I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Trading isn't for anyone and also trading is for everyone provided you can make profits from trading, most times you can realized that trading is meant for person when you sees yourselves always on profits them you can see that trading is for you. But when you keeps incurring loses then it could be better they channel their efforts into doing something else that could fetched them money than trading and wasting their resources.
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I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Trading isn't for anyone and also trading is for everyone provided you can make profits from trading, most times you can realized that trading is meant for person when you sees yourselves always on profits them you can see that trading is for you. But when you keeps incurring loses then it could be better they channel their efforts into doing something else that could fetched them money than trading and wasting their resources.
If you don't have the right strategy to trade, you surly will be on the losing streak. What most traders fails to understand is that trading is all about your knowledge+ capital. You can be doing the wrong thing for long and probably give up. But then get a mentorship, learn a strategy that has been proven to work then practice without thinking much of the profits or the losses. If you do as little as this being a profitable trader might take long but surly in a couple of 2or 3 years you will begin to see the difference.
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It made sense when I was profiting from it and ensuring risk management was in place. However, my trading journey had a rocky start. Still, it's been a long time, and being emotionless and sticking to my analysis has yielded good results, especially in the long run.
I believe consistency is the best way to measure the right job.
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I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Trading isn't for anyone and also trading is for everyone provided you can make profits from trading, most times you can realized that trading is meant for person when you sees yourselves always on profits them you can see that trading is for you. But when you keeps incurring loses then it could be better they channel their efforts into doing something else that could fetched them money than trading and wasting their resources.
If you don't have the right strategy to trade, you surly will be on the losing streak. What most traders fails to understand is that trading is all about your knowledge+ capital. You can be doing the wrong thing for long and probably give up. But then get a mentorship, learn a strategy that has been proven to work then practice without thinking much of the profits or the losses. If you do as little as this being a profitable trader might take long but surly in a couple of 2or 3 years you will begin to see the difference.
Trading is about time and patient and whenever a trader is patient enough to learn and explore different strategies or even haven a proven strategy to help them make profits it would be that good for the trader, and if course you are right because without good capital and strategy that person could be in a longer losing streak.
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There are lots of traders loosing but if you can survive while you are trading and you keep a journal of your trades, it will help a lot to understand why you lose and why you win on that trade. If you just keep trading without a journal you can't understand why you lose and win, and you can't get a better strategy to be profitable.
Risk management also help you survive when price is always against your prediction.
Expand your knowledge and try other strategies and experience all of them I'm sure you will notice something.
You could be created an excellent comment in your post. We also know that trading is one of the best profitable source in cryptocurrency market. But if we want to be a best trader we must understand in cryptocurrency market carefully. Because we also know that trading system also very risky for us. But when we can acquire knowledge clearly in cryptocurrency market and trading system, then we can earn best profit in cryptocurrency market. Because we know that knowledge is one of the best element for trade.
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There are lots of traders loosing but if you can survive while you are trading and you keep a journal of your trades, it will help a lot to understand why you lose and why you win on that trade. If you just keep trading without a journal you can't understand why you lose and win, and you can't get a better strategy to be profitable.
Risk management also help you survive when price is always against your prediction.
Expand your knowledge and try other strategies and experience all of them I'm sure you will notice something.
You could be created an excellent comment in your post. We also know that trading is one of the best profitable source in cryptocurrency market. But if we want to be a best trader we must understand in cryptocurrency market carefully. Because we also know that trading system also very risky for us. But when we can acquire knowledge clearly in cryptocurrency market and trading system, then we can earn best profit in cryptocurrency market. Because we know that knowledge is one of the best element for trade.
- I agree that trading is a really profitable source of profit if we are one of those who really understand trading in the world of this crypto industry, because otherwise we will not get any profit from it. There are really many things to consider here so that we can achieve continuous profit.
Let's not be like others who always want a shortcut so that's also the shortcut that quickly loses their capital, because we are still struggling with the study that we will do so that the profit that we will get will for sure be for our benefit in the future.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I don’t take part in any competitions and I don’t also take any other approach aside from trading using what I understand from the market. I know most of the time my analysis may not go well, but at least I’ve learnt something out of it. When using demo account, I don’t feel the need to analyse the market very well and take trades rather I do most of that when I have a funded account. There was a time I was seriously into this trading thing, but decided to give it a break while still checking the market from time to time but not actively trading. I just believe it is another way of making money but it requires sacrifice, and also a mind made up to see it as another career, only then will your focus on it yield result.
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There are lots of traders loosing but if you can survive while you are trading and you keep a journal of your trades, it will help a lot to understand why you lose and why you win on that trade. If you just keep trading without a journal you can't understand why you lose and win, and you can't get a better strategy to be profitable.
Risk management also help you survive when price is always against your prediction.
Expand your knowledge and try other strategies and experience all of them I'm sure you will notice something.
You could be created an excellent comment in your post. We also know that trading is one of the best profitable source in cryptocurrency market. But if we want to be a best trader we must understand in cryptocurrency market carefully. Because we also know that trading system also very risky for us. But when we can acquire knowledge clearly in cryptocurrency market and trading system, then we can earn best profit in cryptocurrency market. Because we know that knowledge is one of the best element for trade.
I agree that trading is a really profitable source of profit if we are one of those who really understand trading in the world of this crypto industry, because otherwise we will not get any profit from it. There are really many things to consider here so that we can achieve continuous profit.
Let's not be like others who always want a shortcut so that's also the shortcut that quickly loses their capital, because we are still struggling with the study that we will do so that the profit that we will get will for sure be for our benefit in the future.
Doing a shortcut in trading without studying the basic is a bad way to learn trading without the basic you don't know why the price bounce or why the price after touching support or resistance, it reacts or anything from the basics, including engulfing or shooting star candle patterns. If you don't know them you don't know where to enter where to exit.
All of the basics must be learned because you can use them for entry and exit not just for TP plus the help of risk management. Always make sure the SL is tight. If that SL hits, don't overtrade. I've been there before. After my trade hit SL, I immediately entered again. That's a pretty bad mindset. Now I've learned to leave it and wait for another setup before I enter again and plan where to put SL.
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Trading is very hard process bcz it's including our Capital , emotions and time. We can practice on paper for learning the trading but it's a different situation when we are going with real money bcz it's including our emotions too.
Before going to be a trader I think we must be a investor first. And follow by trader with small amount of money 💰. Trading can give us small returns but investing gives us massive and doesn't have fear to be lequidated on any news. To improve the trading skill we must require both knowledge Technical analysis and fundamental analysis for the profitable Trade.
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Trading is very hard process bcz it's including our Capital , emotions and time. We can practice on paper for learning the trading but it's a different situation when we are going with real money bcz it's including our emotions too.
Before going to be a trader I think we must be a investor first. And follow by trader with small amount of money 💰. Trading can give us small returns but investing gives us massive and doesn't have fear to be lequidated on any news. To improve the trading skill we must require both knowledge Technical analysis and fundamental analysis for the profitable Trade.
Emotions deal with traders both newbie and professional traders but we just have to overcome it and be more strong cause seeing your entry being in loss and your money getting sweep hurts a lot but when a trader overcome it then he/she can enter a entry without fear. But although it will take a lot of time and patience for the emotions to be overcome and the emotions can’t be overcome all but just a little can be overcome. Trading is really a hard and difficult activity but when one is knowledgeable enough then the trend will be your friend and to analyze the market and place a entry won’t be a issues but the main problem is just the dedication and commitment many come to trading and go cause they never thought is that hard and they never come back again.
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Trading is very hard process bcz it's including our Capital , emotions and time. We can practice on paper for learning the trading but it's a different situation when we are going with real money bcz it's including our emotions too.
Before going to be a trader I think we must be a investor first. And follow by trader with small amount of money 💰. Trading can give us small returns but investing gives us massive and doesn't have fear to be lequidated on any news. To improve the trading skill we must require both knowledge Technical analysis and fundamental analysis for the profitable Trade.
Emotions deal with traders both newbie and professional traders but we just have to overcome it and be more strong cause seeing your entry being in loss and your money getting sweep hurts a lot but when a trader overcome it then he/she can enter a entry without fear. But although it will take a lot of time and patience for the emotions to be overcome and the emotions can’t be overcome all but just a little can be overcome. Trading is really a hard and difficult activity but when one is knowledgeable enough then the trend will be your friend and to analyze the market and place a entry won’t be a issues but the main problem is just the dedication and commitment many come to trading and go cause they never thought is that hard and they never come back again.
To me instead of always feeding the market it would be better to make Investment than trading because when they are not that good with trading they would lose all they have without them making profits, for one to make profits it would be better they learn how have patient to trade especially to discover a strategies that could last more in making profits.
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Trading is very hard process bcz it's including our Capital , emotions and time. We can practice on paper for learning the trading but it's a different situation when we are going with real money bcz it's including our emotions too.
Before going to be a trader I think we must be a investor first. And follow by trader with small amount of money 💰. Trading can give us small returns but investing gives us massive and doesn't have fear to be lequidated on any news. To improve the trading skill we must require both knowledge Technical analysis and fundamental analysis for the profitable Trade.
Emotions deal with traders both newbie and professional traders but we just have to overcome it and be more strong cause seeing your entry being in loss and your money getting sweep hurts a lot but when a trader overcome it then he/she can enter a entry without fear. But although it will take a lot of time and patience for the emotions to be overcome and the emotions can’t be overcome all but just a little can be overcome. Trading is really a hard and difficult activity but when one is knowledgeable enough then the trend will be your friend and to analyze the market and place a entry won’t be a issues but the main problem is just the dedication and commitment many come to trading and go cause they never thought is that hard and they never come back again.
I don't think I've ever seen a trader who doesn't use their emotions, we are human and of course it's normal for us to feel emotions. What some people forget is that our emotions can only be directed in two directions and the first is the good and the second is the bad response in our physical body.
So if something good happens, our emotions respond well while if something bad happens, our emotions respond badly, which is often the case in crypto trading
when they see their capital being dissolved.
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Someone said that it's good to follow up in a trading community where you see other people doing same thing you are doing and you can learn from them and move faster, while that's true, it can also be difficult to find a trusted community to reply on. For me, I prefer to go slowly, learning from my mistakes and practicing to become more better than I was last year. To improve yourself, always keep learning, stick to just one strategy that works and also identify your edge in the market, because will make you unique from others too.
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Someone said that it's good to follow up in a trading community where you see other people doing same thing you are doing and you can learn from them and move faster, while that's true, it can also be difficult to find a trusted community to reply on. For me, I prefer to go slowly, learning from my mistakes and practicing to become more better than I was last year. To improve yourself, always keep learning, stick to just one strategy that works and also identify your edge in the market, because will make you unique from others too.
Everything does not need to be done quickly if everything that we are constructing is the flexibility to decide for ourselves. This is very much true and carries a great value when one is permitted to young without being pressured. For this reason, we are not following someone else’s footprints but rather create our own way that suits us well. Every failure indeed holds a truth that cannot be acquired through other means when attempting the same activity. In other words, if we stick to our decision and follow which we establish, gradually there will be positive experience which makes records. Certain things which we formerly considered to be difficult in life will continue to appear easy since they have become a part of our reality and we walk through life with our eyes open.
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There are lots of traders loosing but if you can survive while you are trading and you keep a journal of your trades, it will help a lot to understand why you lose and why you win on that trade. If you just keep trading without a journal you can't understand why you lose and win, and you can't get a better strategy to be profitable.
Risk management also help you survive when price is always against your prediction.
Expand your knowledge and try other strategies and experience all of them I'm sure you will notice something.
You could be created an excellent comment in your post. We also know that trading is one of the best profitable source in cryptocurrency market. But if we want to be a best trader we must understand in cryptocurrency market carefully. Because we also know that trading system also very risky for us. But when we can acquire knowledge clearly in cryptocurrency market and trading system, then we can earn best profit in cryptocurrency market. Because we know that knowledge is one of the best element for trade.
- I agree that trading is a really profitable source of profit if we are one of those who really understand trading in the world of this crypto industry, because otherwise we will not get any profit from it. There are really many things to consider here so that we can achieve continuous profit.
Let's not be like others who always want a shortcut so that's also the shortcut that quickly loses their capital, because we are still struggling with the study that we will do so that the profit that we will get will for sure be for our benefit in the future.
Your comment is also very prefer in this time. So i am also agree that your best opinion. Although trading is one of the best profitable source, but we could saw many traders also losses there profit from here. Because i believe that acquire knowledge in cryptocurrency market and trading system is very important for crypto trading.
But i think that when we want to earn best profit and start to trade, we should take some strategic step for best trade. So i believe that for earn best profit from crypto trading, we can take an expert mentor. Because an expert mentor easily understand in cryptocurrency market and trading system. So if we follow in this process carefully, i think that it must be helpful for us.
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Someone said that it's good to follow up in a trading community where you see other people doing same thing you are doing and you can learn from them and move faster, while that's true, it can also be difficult to find a trusted community to reply on. For me, I prefer to go slowly, learning from my mistakes and practicing to become more better than I was last year. To improve yourself, always keep learning, stick to just one strategy that works and also identify your edge in the market, because will make you unique from others too.
Always choose up on which is something that would really be that better for you or something that would really be that beneficial for you. There's no way that you cant be able to determine on whats the best approach towards into your trading on which there's no way that you can make yourself not be able to realize on what are the mistakes that you had committed. There's no way that you can be able to see and realize and making out adjustments accordingly. There are moments or times that we do want to go solo but joining up some community of traders will be that much something that helpful too because you can be able to share up some ideas with them and share up yours. You will be able to tell and post your analysis and let them do make out some advises or comments on whats good or bad. You will eventually learn from that.
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there are traders who are just concentrating to on fundamental analysis and some choses technical analysis. both are useful in trading.
the indicators are often trusted by the traders where the data can be seen by every one and they can learn what others see on their charts. learning the indicators is sure the way to strengthen trading capacity.
day trading wasn't for me however. i hold for a long term before selling.
Learning everything that has to do with trading and investing is absolutely the best. It is not a good idea to limit oneself on only trading indicators, as a matter of facts, Technical and fundamental analysis work with the market indicators even news and speculation go along the market indicators too. As a day or regular traders, they are open options, and different strategies to navigate the market a any time. For me, I normally utilize every available market tool to trade, and I have have doing great.
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Learning everything that has to do with trading and investing is absolutely the best. It is not a good idea to limit oneself on only trading indicators, as a matter of facts, Technical and fundamental analysis work with the market indicators even news and speculation go along the market indicators too. As a day or regular traders, they are open options, and different strategies to navigate the market a any time. For me, I normally utilize every available market tool to trade, and I have have doing great.
When a people is able to appreciate or see other facets of the market and does not feel that the world is only revolved around one tool then it is very probable that he has so much responsibility on his hands. Based on the cases that you have presented it appears that you have elevated yourself not just to the level of using information, but also interpreting a broader context. This is not something that happens by chance but rather through continuous training in the formation of non-angry mode of thinking. So, on the one hand, I think that your approach to various tools of the market is not only a question of the strategy but it is also a question of the choice to go further and act from the complete information, not with references to certain presumptions. It is a method of going about a task that must be done with a very clear purpose and goal in mind and a step by step plan on how to implement them.
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there are traders who are just concentrating to on fundamental analysis and some choses technical analysis. both are useful in trading.
the indicators are often trusted by the traders where the data can be seen by every one and they can learn what others see on their charts. learning the indicators is sure the way to strengthen trading capacity.
day trading wasn't for me however. i hold for a long term before selling.
Learning everything that has to do with trading and investing is absolutely the best. It is not a good idea to limit oneself on only trading indicators, as a matter of facts, Technical and fundamental analysis work with the market indicators even news and speculation go along the market indicators too. As a day or regular traders, they are open options, and different strategies to navigate the market a any time. For me, I normally utilize every available market tool to trade, and I have have doing great.
- Exactly and I agreed mate, traders who want to make money in trading should just keep studying trading, don't stop as they're doing trade activity every time they want. And I learned a lot about trading while studying it.
And did you know that even though we know the usages of strategies, if you use a lot of them, you won't be profitable in the end. That's what I really learned, it's better to use only one or two strategies because if you use a lot of indicators, it can actually give you guidance.
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And did you know that even though we know the usages of strategies, if you use a lot of them, you won't be profitable in the end. That's what I really learned, it's better to use only one or two strategies because if you use a lot of indicators, it can actually give you guidance.
Adjust the strategy and use the indicators properly, you don't need to use all indicators, just a few and the most frequently used.
If there are too many, it will indeed interfere and only focus on the indicators, not on the results of the predictions made.
Trading is not an easy thing, nor is it a very difficult thing because everything can be predicted based on existing data.
Now it is necessary to do an analysis to determine where the market will go, the state of crypto is also not good.
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Adjust the strategy and use the indicators properly, you don't need to use all indicators, just a few and the most frequently used.
If there are too many, it will indeed interfere and only focus on the indicators, not on the results of the predictions made.
Trading is not an easy thing, nor is it a very difficult thing because everything can be predicted based on existing data.
Now it is necessary to do an analysis to determine where the market will go, the state of crypto is also not good.
In my opinion, quality will always be better than quantity, especially while selecting the indicators. There are occasions making me find that my responses are scattered due to the fact that I become overwhelmed by many indicators. In this case, better to select several indicators that can be proven and applied by many subjects and showed reasonable outcomes. Thus, it does not matter how many indicators you have in the end what matters is how you process data and do it in a logical sequence. Therefore, despite the unfavourable circumstances within the crypto market, it is possible to find out certain market shifts without being overwhelmed with information.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Actually I think this is the common problem of those trader who are not fully prepared for trading. If I share something about me then I have to say I have very little knowledge about trading and I also goes for trade but I couldn't make good benefit for me.
And that's why I change my mind and also focus on only Bitcoin investment for long term, and as for current situation even the market is struggling with the correction I am still on Profit. But I am not going to sell it, because I know Bitcoin market will pump again may be it can happen in this season and as well if not maybe on the another cycle but it will not going to like others shitcoins do. And currently this is what strengthening my Crypto investment.
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Learning everything that has to do with trading and investing is absolutely the best. It is not a good idea to limit oneself on only trading indicators, as a matter of facts, Technical and fundamental analysis work with the market indicators even news and speculation go along the market indicators too. As a day or regular traders, they are open options, and different strategies to navigate the market a any time. For me, I normally utilize every available market tool to trade, and I have have doing great.
You are right, a good trader must not rely only on indicators because indicators are just one piece of the puzzle. Like you said, there is need for a trader to gather information about market sentiments, news and other factors that affects trading outcome.
When these factors are considered then a trader can trade maturely and get returns. This might aid the trader look beyond the market chart and where it might go and not necessarily where it has been.
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You are right, a good trader must not rely only on indicators because indicators are just one piece of the puzzle. Like you said, there is need for a trader to gather information about market sentiments, news and other factors that affects trading outcome.
When these factors are considered then a trader can trade maturely and get returns. This might aid the trader look beyond the market chart and where it might go and not necessarily where it has been.
Yes, the desire of the investors who work in this field is to prepare how our performance and effects will be on the development of the future. because after all, it is enough to expect all kinds of crypto trading results that are in accordance with expectations, not just wishful thinking.
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Trading is not an easy matter if we were a new trader. So if we want to strength our trading capacity, we should trying to understand in cryptocurrency market. Because without knowledge in cryptocurrency market, we can not prosper in cryptocurrency trading. When we want to do for day trading we must need to increase trading capacity in cryptocurrency market. But if we want to do future trade, i think that gradually we can increase our trading capacity. So at last we tell that trading capacity is depending on trading knowledge.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Trading is not for the faint hearted, if you are not careful it may even lead someone into depression. No matter how professional you are you are still subjected to losses. However there are ways to strengthening your trading capacity i.e to have more profit than loses, and some of this ways is to be participating in trading tutorials, use a demo account to avoid losses, another way is to read motivational books about cryptocurrency, it will help boost your morale and dedication and even your focus, another way is to try and copy the trading of other professionals, no matter how professional you are, there are still some persons more professional than you are so try imitating their trading through watching of video etc.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Yes, many traders just spend hours and hours, and their skill level will improve if they analyze, read books and study courses. Spending hours and hours is essential when starting out because there is so much to learn that can make you better. But spending hours and hours will not increase your chances of winning. If you do the same thing all the time and make the same mistakes, spending hours and hours will only ingrain those habits in you. To improve, you need to make repeated and deliberate decisions. What you should do to improve your performance is to talk to other traders about strategies and knowledge or discuss your performance with a training referee, but avoid relying on the opinions of others for specific trades.
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The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches?
I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?
Yes, many traders just spend hours and hours, and their skill level will improve if they analyze, read books and study courses. Spending hours and hours is essential when starting out because there is so much to learn that can make you better. But spending hours and hours will not increase your chances of winning. If you do the same thing all the time and make the same mistakes, spending hours and hours will only ingrain those habits in you. To improve, you need to make repeated and deliberate decisions. What you should do to improve your performance is to talk to other traders about strategies and knowledge or discuss your performance with a training referee, but avoid relying on the opinions of others for specific trades.
I've been trading for more than 5 years now. My first year of trading I'm very active, I study very hard because of the saying that trading is the very key to get out of the ratly race, I believe that trading is the very solution to have a better life. Because of the eagerness, I never expect for the risk that trading will give to me because of the positivity. And it's the reason why I lose a lot of money instead of earning. Instead of learning some new important things from every trade I take, it just gave me confusions which can slow down my improvement. I learned to my 5 years of trading that there's no shortcut in trading, you can't become rich in no time, and always consider your emotion in trading.
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I've been trading for more than 5 years now. My first year of trading I'm very active, I study very hard because of the saying that trading is the very key to get out of the ratly race, I believe that trading is the very solution to have a better life. Because of the eagerness, I never expect for the risk that trading will give to me because of the positivity. And it's the reason why I lose a lot of money instead of earning. Instead of learning some new important things from every trade I take, it just gave me confusions which can slow down my improvement. I learned to my 5 years of trading that there's no shortcut in trading, you can't become rich in no time, and always consider your emotion in trading.
I really amazed after seeing your positivity on trading. I also think that the actual things what should be on every person mind when they are intend to do the trading. Because it is actually not the quick rich scheme, but it is also true most of the people here come with this kind of mind set they will going to make use money in a short.. But ultimately they only just face the losses in this.
Just as to get a job in other skills or sectors, we first have to become a professional in that sector, similarly to gain profit in trading, we first have to become a professional in analysis, and then trading will bring us success.