Key qualities of successful trader

[lombok]

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.

[vegasus]

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

[malah]

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.

[albon]

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.

[Themepen]

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.

[JISAN]

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

[doc]

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.

[Bobcrypto]

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.

[vegasus]

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.

[kulkhan]

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.