What type of trader are You

[Smilez]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction. 

I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.

 I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.

[Charles-Tim]

I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.

But do you know that as inaccurate as the trading indicators are, they are more accurate during a less volatile market. Do not misunderstand me. I am not still implying that indicators are 100% accurate.

No. 2 are for holders and long term traders. Short term traders can prefer the No. 1.

[hugeblack]

There is no fixed definition of a successful and unsuccessful trader, but as long as your investment portfolio continues to grow and you have enough liquidity, you are a successful trader.


The method differs from one person to another, and the psychological, social and material factors are all in no hurry. There is an ideal way to trade, you create your own unique experience.

[Bobcrypto]

Whether there are fixed or unfixed definition of a successful trader or no, the basis of being successful in any business venture is that you got it right. Trading involved risks and with your best strategies applied, it can become unsuccessful. In my opinion, being a Successful trader remains that a trader has been getting it right with good profit margins
Now, everyone has his or her trading ideas or strategies, and it is base on individuals experience; one trader strategy may differ with other persons strategies. I am a "Day trader" while some persons like to Hold for some times to sell on a good price.

[taufik123]

I will probably do both according to the market situation that occurs and the state of the capital that I have.
I like to make short-term trades by taking advantage of any market fluctuations that occur as they are now with volatile market conditions and taking advantage of any rebound that occurs.
But it also requires large capital to take more profits.

I also buy every time the price of a DIP occurs or when the price reaches the bottom of support, starts collecting Bitcoin and the top altcoins when  bearish occurs and does a DCA for it. Who must have enough Fiat reserves to do so.

[hustlebuddy0]

This is not a bad approach, and I think it's good that you have found a strategy that works for you, and luckily the crypto space is filled with opportunities you can earn from.

Since you said you prefer staking opportunities, I'd recommend you check out Bitget's PoolX summer carnival, where you can stake BTC and ETH to grab a share of 50,000 BGB.

Events like these present a safer option for earning, and I think this fits what you're looking for perfectly, you can use this link to check it out -Bitget warning  )/events/poolx]https://www.Bitget ( Bitget warning  )/events/poolx[/url]

[LogitechMouse]

Re: What type of trader are You

A failed trader. A very failed one.
Deposited and lost money 3x already. I know that there are some who have experienced way worse than me, and I welcome to them to the group of "failed" traders.

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 I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.

Being a liquidity provider would be another option that you might look out, but the risk is way higher than that of staking because of the fact that you might experience impermanent loss on your 2 assets. Staking for me is the safest way to earn passive income when it comes to crypto, but you staking doesn't mean that you will not experience losses because you can still especially if the token you chose to stake suddenly went down in price.

[electronicash]

more users are just following the cycle for bull season and bear season which is why taking a break is common for us. some are just holding their BTC and planing to sell in the bull market. after selling i'm going to go back to holding again, earn some by staking and just kill time by gambling from time to time and earning from forums. seem to be the normal way of doing it in crypto.

the adventurous ones are going to futures market. they are risk takers i think there are successful in this too. staking is already in your mind so just keep doing it. if you are up to mining coins, maybe it will work for you.

[gunhell16]

You know, dude, when it comes to trading in this field of crypto, there are only two things for me: whether you are a long-term investor or a long-term investor or a day trader or scalper. It is not possible for all traders to become long-term traders because the market will not move for sure.

We each have our own definition of these topics, and the success of a crypto trader depends on us and not on others who are successful in the crypto space.

[Captain Corporate]

Well considering I put myself as an investor more than a trader, and I only trade with some portion of my money while the rest is long term holding, I can say that the second type fits me better. Its really not a big deal, sometimes we end up with nothing and sometimes we just have to accept that it's not going to be that much of a big deal. We are going to end up with a great result eventually, so it's going to be really a normal day to live. What we need to do would be just accepting our style, because if you want to trade and get influenced by others online, then you will do their style and you won't get good results.

[bounceback]

I am trader not investor, but some time change my trading way from short term have to be long term or holder after my coins investment price get drop significant.
I think many trader have difference way with trading from long term or short term but if you have much money become investors more interested than short term trading with high return profitable earn more than thousand hundred percent.

I prefer with short term trading only to avoid won't to be long term investment when my coins trading get down drastically, but if wrong with my prediction stop loss feature already set up with loss earn around 20%. Not problem have loss around 20% but I can make recovery buying back on lower price.

[Fivestar4everMVP]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.

I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.

Trading was never meant to be a do or die affair, one doesn't have to be the first type (No. 1) of trader to make a good living off trading crypto, it makes no sense trading even when the market has no direction and recording loses, taking breaks is never a weakness, and no one trader should ever be ashamed of doing so (taking breaks) when ever the market is not favorable.

For me, I am comfortable being the No. 2 type of trader, I take breaks when ever the market is not favorable, this is much better than risk losing all the profit I made in previous trades when the market was in a better condition.

 I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.

Me too, staking has been one of my very first choice when in looking for ways to earn passively in crypto, another is providing liquidity, but this comes with some minor risk.
Airdrop farming can be very profitable too if you are lucky to find and farm a good project.

[MrSpasybo]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.

It's hard to give a definitive answer, even though I have a Demon account to trade and enhance my experience with the market while implementing a long-term DCA strategy. I don't try to make any specific trades if the market doesn't have a clear trend, so I belong to group 2. However, I also constantly monitor the market to be proactive for any opportunities, which seems to put me in group 1 as well.

I think such a clear division is difficult to apply because traders need to constantly monitor and evaluate the market to determine its state and then make trading decisions. Each trade creates both opportunities and risks, but if the signals are unclear and the risks outweigh the opportunities, traders should temporarily stay out of the market, preserve capital, and wait for clearer opportunities in the future.

[milewilda]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.

I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.

 I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.

Choosing up on which one then it would really be that according into your preference and according into your own ways and methods on how you do deal up with this market.
If you are a trader whose really that wanting to always spot on the market conditions despite of being bearish or on being on consolidation then it would be your choice
but there would really be those type of traders who would really be taking up some break on the moment that they wouldnt really be that confident on dealing up with the market
movement on which it isnt really that bad either.

[Captain Corporate]

I love that everyone talks about how they love taking breaks or just keep on investing and not like go crazy with trading for a long period of time. Anyone who has traded for a long enough period of time would know that it is not really an easy task, and definitely feels like its a pressure and it tires people out very quickly. Its not an easy task and we do end up with something that gets a lot of hate as well. I believe that if you take your time then you are going to be fine about it, and it will not matter that much for you, it should be something that is quite understandable and the results should be clear as well.