What type of trader are You

[enwi]

In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.

Continuous monitoring in spot trading is a good step but as you rely on spot trading, do not forget that you may lose out on a long-term view of the market. Stop loss is one of the tools that help, but it should not be the only way to minimise risks. There is certainly more that can be done with futures trading but, nonetheless, entering it blindly leads to losses. In this form of activity, we need to be relatively more ready withl the kind of knowledge and stategies that could considered mature.

[jeraldskie11]

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'm neither of the two because if you're a futures trader, there's always an opportunity whether the market goes up, or goes down.

The first type that you shared is something that I don't recommend traders are doing because it's like, whatever the case is, hold the token you bought, or the position you're into and whatever happens, stick to it. When you're a trader, always, always learn how to make a stop-loss and take-profit. Trust me when I say that the stop-loss feature has helped me multiple times already, and if only I didn't put a stop-loss on my position, I might've lost more money already.

As for the 2nd type, that's applicable when you're a spot trader because you will only make trades when the market is going up.

I agree. In spot trading you can only have the option to buy, and to make money you have to sell it. The only direction of the market for you to make money as a spot trader is when the market is uptrend. But when it's downtrend, it's not good for your assets. Futures trader is flexible to any of the two, whether the market bias is uptrend or downtrend, you can make money to both.

In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.

There is no need to monitor the price from time to time if you put a stop-loss, it will trigger immediately and closed the position. But I don't think if you can use that stuff in spot trading, because once you buy an assets it will reflected to your wallet. You can only set a sell order right after you buy, and once the price drops it will automatically trigger or maybe you can set a notification when the price drastically fall to the price you've set.

[LUCKMCFLY]

I have not followed the VIP group that teaches about trading, sharing signals and so on for a long time. because in my opinion we can learn by ourselves, do our own analysis to gain knowledge and experience by always practicing in trading. because in trading we need skills that we can use to gain profit.
In trading we must have our own analysis and do not have to follow the VIP group, because they are also not experts who always win every trade.

You're right, in this case things can be different because we must trust what we Know, what I know, the signals and VIP groups things are Strange, they don't Explain , they don't say Anything, they just say to put the signal and that's it, I don't see the point in that. So I have learned something, sometimes we enter the market and we see, the best thing is to look for what we want if a candle parity , if a Candle rejection or a setup, I enter like this and it goes well , well sometimes it goes well for me , but I Enter with a clear idea, so far that has worked for me.

[vegasus]

You're right, in this case things can be different because we must trust what we Know, what I know, the signals and VIP groups things are Strange, they don't Explain , they don't say Anything, they just say to put the signal and that's it, I don't see the point in that. So I have learned something, sometimes we enter the market and we see, the best thing is to look for what we want if a candle parity , if a Candle rejection or a setup, I enter like this and it goes well , well sometimes it goes well for me , but I Enter with a clear idea, so far that has worked for me.

Indeed, based on my experience in the past, when I first started learning trading, I had joined a VIP trading group, but because I didn't really understand trading, even how to read indicators, and some terms in trading, I found it very difficult to apply the numbers and some information in the group when I was going to take a position. Especially if I was late opening the group and in the end the signal given was 2 hours ago, I would be confused about what to do, because if I followed the signal it was too late and I often lost. That's why for me who was really a layman at that time, when I got a signal from the VIP group, it wouldn't work optimally if we didn't understand some knowledge in trading. The point is, prepare yourself thoroughly about various trading knowledge before entering the world of trading. And while learning it, you can also start with a small nominal amount first to practice managing risk. and all of that must be learning by doing, but still manage the risks and funds wisely.

[Findingnemo]

My trading career has evolved a lot in all those years from started doing day trades to now trade if I just wanted to make some profits. I am not sure which category I fall under but this is how I am at the moment.

We doesn't have to stick with the market all the time, we can just change the strategies according to the market trends and make most out of it and it's not a disappointment or anything it's just being smart.

[rizqillah]

My trading career has evolved a lot in all those years from started doing day trades to now trade if I just wanted to make some profits. I am not sure which category I fall under but this is how I am at the moment.

We doesn't have to stick with the market all the time, we can just change the strategies according to the market trends and make most out of it and it's not a disappointment or anything it's just being smart.

Maybe you are already a professional trader because your trading career is good. My trading career is far from good because sometimes I also make mistakes in choosing a strategy, I just follow market trends and read market movements. Because I diversify when trading, my profits are greater than my losses, this is what makes me stay in trading.

[Findingnemo]

My trading career has evolved a lot in all those years from started doing day trades to now trade if I just wanted to make some profits. I am not sure which category I fall under but this is how I am at the moment.

We doesn't have to stick with the market all the time, we can just change the strategies according to the market trends and make most out of it and it's not a disappointment or anything it's just being smart.

Maybe you are already a professional trader because your trading career is good. My trading career is far from good because sometimes I also make mistakes in choosing a strategy, I just follow market trends and read market movements. Because I diversify when trading, my profits are greater than my losses, this is what makes me stay in trading.

If you are making profits than it's being successful in what you are doing. For me I incurred losses while day trading that's what made me to trade lesser over the time. Everyone has different needs and strategies, mine is just long term success over the short term profits and with the guidance of experts I changed my path because with trading we make profits as well as loss, for most the net gain will be little that doesn't worth the effort we are giving in.

[LUCKMCFLY]

Indeed, based on my experience in the past, when I first started learning trading, I had joined a VIP trading group, but because I didn't really understand trading, even how to read indicators, and some terms in trading, I found it very difficult to apply the numbers and some information in the group when I was going to take a position. Especially if I was late opening the group and in the end the signal given was 2 hours ago, I would be confused about what to do, because if I followed the signal it was too late and I often lost. That's why for me who was really a layman at that time, when I got a signal from the VIP group, it wouldn't work optimally if we didn't understand some knowledge in trading. The point is, prepare yourself thoroughly about various trading knowledge before entering the world of trading. And while learning it, you can also start with a small nominal amount first to practice managing risk. and all of that must be learning by doing, but still manage the risks and funds wisely.

Something similar happened to me, for example with binary options, it was a Trading that I did not understand, it was with other pairs that the truth is I had no idea how to analyze because it was in 1 minute, so when I entered the VIP group the signals are given on a special platform and I did them , but in many I lost, then I realized that before entering a signal you have to do a prior analysis to go with the signal because if you saw something very Obvious about the market that could go up and the signal was 1 minute down, then those things should be Analyzed and decided not to do them , I learned those things in a live from that same trader , but before that I lost an amount of money that made me Angry.

[densus88]

If you are making profits than it's being successful in what you are doing. For me I incurred losses while day trading that's what made me to trade lesser over the time. Everyone has different needs and strategies, mine is just long term success over the short term profits and with the guidance of experts I changed my path because with trading we make profits as well as loss, for most the net gain will be little that doesn't worth the effort we are giving in.

If you have not been able to get profit in daily trading, it means you have to train your skills in making analysis and strategy. because daily trading is not easy because we have to be able to make short-term predictions. for those who fail in daily trading, they can choose medium-term trading. Maybe the ability of analysis and prediction in the medium term. so all is adjusted to our abilities and skills in trading.

[Blaze]

If you have not been able to get profit in daily trading, it means you have to train your skills in making analysis and strategy. because daily trading is not easy because we have to be able to make short-term predictions. for those who fail in daily trading, they can choose medium-term trading. Maybe the ability of analysis and prediction in the medium term. so all is adjusted to our abilities and skills in trading.

It is true that day trading does need a lot of focus and the capacity to analyse trends in a short space of time. If the wanted outcomes have not been attained, it may mean that as individuals or a team, we still lack adequate knowledge of patterns in the market and other risks. Every strategy would also take some time in studying and managing in the market, therefore the best way to maintain on learning is not to hurry into decisions that can harm.

That being the case, it is easy to adjust from a short-term strategy which feels too daunting to a medium-term trading model. This affords more time to consider the data, learn the trends and arrive at more mature decisions. All of these choices should reflect who we are and our capabilities so that trading remains enjoyable and is just not a chore.

[smartaction]

If you are making profits than it's being successful in what you are doing. For me I incurred losses while day trading that's what made me to trade lesser over the time. Everyone has different needs and strategies, mine is just long term success over the short term profits and with the guidance of experts I changed my path because with trading we make profits as well as loss, for most the net gain will be little that doesn't worth the effort we are giving in.

Sometimes short-term trading can yield a lot of profit, but we need to have experience in knowing when to trade with a short period of time. If we do not have any experience in this regard, we will never make a profit. If we want to trade with a long-term period, we must find some good coins from the market in which we will not have any risk, but we have to accept that when trading, we have to take risks, if we do not take risks, we can never be successful. We have to take risks only when there is a possibility of getting something good if we take risks. If we can find some good coins and invest in them for a long time, it can be a very good thing for us.

[albon]

If you understand what type of trader you are then it will play a very helpful role in your future trading. Because the trading strategy is different for each type of trader. Because of this no matter how many profitable strategies you determine, it will never be profitable to trade. For this you need to know and understand the type of trading you are interested in doing. As trades are made for short periods, there is no possibility of over-lit losses. You have to trade according to the capital size. Practice more than one strategy of your choice so that you can get guaranteed profits.

[doc]

If you are making profits than it's being successful in what you are doing. For me I incurred losses while day trading that's what made me to trade lesser over the time. Everyone has different needs and strategies, mine is just long term success over the short term profits and with the guidance of experts I changed my path because with trading we make profits as well as loss, for most the net gain will be little that doesn't worth the effort we are giving in.

Sometimes short-term trading can yield a lot of profit, but we need to have experience in knowing when to trade with a short period of time. If we do not have any experience in this regard, we will never make a profit. If we want to trade with a long-term period, we must find some good coins from the market in which we will not have any risk, but we have to accept that when trading, we have to take risks, if we do not take risks, we can never be successful. We have to take risks only when there is a possibility of getting something good if we take risks. If we can find some good coins and invest in them for a long time, it can be a very good thing for us.

In doing short-term trading we need a lot of time to monitor the market because short-term trading requires strategy, proper analysis. but not everyone has a lot of time to focus on trading, so some of them choose to become medium and long-term investors.
it is not easy to analyze and make predictions for the short term because the crypto market is very volatile and this requires experience and skills to be able to predict close to accuracy.

[nakmantu99]

If you understand what type of trader you are then it will play a very helpful role in your future trading. Because the trading strategy is different for each type of trader. Because of this no matter how many profitable strategies you determine, it will never be profitable to trade. For this you need to know and understand the type of trading you are interested in doing. As trades are made for short periods, there is no possibility of over-lit losses. You have to trade according to the capital size. Practice more than one strategy of your choice so that you can get guaranteed profits.

To find out what type of trading we can do, we have to try it by training our skills in trading. Because by practicing, strategizing and trying to improve every trading strategy we do, we will find what trading suits us. Honestly, I never fit in with futures trading, that's why I don't do futures trading. because for me maybe my experience and knowledge about futures trading are not good enough.

[albon]

If you understand what type of trader you are then it will play a very helpful role in your future trading. Because the trading strategy is different for each type of trader. Because of this no matter how many profitable strategies you determine, it will never be profitable to trade. For this you need to know and understand the type of trading you are interested in doing. As trades are made for short periods, there is no possibility of over-lit losses. You have to trade according to the capital size. Practice more than one strategy of your choice so that you can get guaranteed profits.

To find out what type of trading we can do, we have to try it by training our skills in trading. Because by practicing, strategizing and trying to improve every trading strategy we do, we will find what trading suits us. Honestly, I never fit in with futures trading, that's why I don't do futures trading. because for me maybe my experience and knowledge about futures trading are not good enough.

Futures contracts obligate you to buy or sell cryptocurrency at a specified price at a specified future date. Many people relate to it but I think any one will be best for you if you can practice it well. The maximum loss payable is limited to the premium, unlike futures, where traders face higher risk and potential liquidation due to leverage and margin requirements. Beginners also get the flexibility to exit unfavorable trade. My younger brother makes a lot of money from just one day trading because he only researched trading since he came to crypto.