Key qualities of successful trader

[Findingnemo]

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.

[Rruchi man]

What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

I first have to say that cryptocurrency career may not be trading. You can have a cryptocurrency career as an investor or a miner.
 
To be a successful trader, you have to master emotional intelligence, conquer greed, and have proper risk management skills, because with mastery of those two things, you have put yourself in a position to be very successful with any trading strategy that you adopt.

[Stompix]

What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

Luck! Luck and luck again beyond everything else!
You can have all the skills in the world but nothing will save you if the 22nd of February happens again or if for example Coinbase or Bitgo is breached while you sleep or some random nuclear accident happens!
You can have all the knowledge in the world, somebody lucky enough to buy some shitcoin at the right time will beat your all lifelong income by x1000 in a day!

[milewilda]

What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.

And I would call someone successful if they keep learning from their own mistakes.

Aside from technical aspects, I do see one of the most important thing is on having that emotion control and realistic goals and targets specially on dealing with crypto currency then it cant really that denied that you will really be able to have those kind of unrealistic goals and targets on which it will really be that making you desperate. This is why it will really be that important that you should really be putting up some realistic goals so that you wont really be ending up on being desperate. This might sounds basic but its not something that you could neglect out
because this could cause up that trouble that you might not be thinking of.

[yhiaali3]

Luck! Luck and luck again beyond everything else!
You can have all the skills in the world but nothing will save you if the 22nd of February happens again or if for example Coinbase or Bitgo is breached while you sleep or some random nuclear accident happens!
You can have all the knowledge in the world, somebody lucky enough to buy some shitcoin at the right time will beat your all lifelong income by x1000 in a day!

I agree with you 1000%, from my personal experience and the experiences of some people I know or read about, I feel that luck is the first factor despite everything, it is true that experience and learning basic skills are very necessary for trading, but in the end luck remains one of the most important factors.

For example, when the PEPE millionaire bought this shitcoin at the beginning, did he use deep technical analysis and indicators? Absolutely not, he bought an amount equivalent to about $ 27 in PEPE only, then luck played its game with him and he woke up to find himself a millionaire after a short period as the shitcoin rose madly and several zeros were deleted.
https://coinmarketcap.com/academy/article/e2e98369-f5a1-4991-a11b-a97ba404a690

[Aanuoluwatofunmi]

What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

If you're going for trading, then be getting ready in knowing enough resource knowledge on how to be a trader, have an idea on the kinds of trading we have, choose the best trading strategy that you think you could deliver well in, lastly, have enough capital to use in starting up a trading career, don't borrow to trade, instead, learn on how to earn and trade, ensure you review on your trading skills and see how progressive you're in it over time.

[Azharul]

What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.

And I would call someone successful if they keep learning from their own mistakes.

You also created an excellent post in this moment. Because we believe that a successful trader can achieve best profit from crypto currency market. So i am also agree with your comment. We also know that if we want to a expert traders, we must be understand in cryptocurrency market and trading. Because if we can not understand in this sector, we couldn’t earn best profit from trading or crypto currency market. We also believe that within our best patience we couldn’t earn best profit in this market. 

[densus88]

What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.

And I would call someone successful if they keep learning from their own mistakes.

You also created an excellent post in this moment. Because we believe that a successful trader can achieve best profit from crypto currency market. So i am also agree with your comment. We also know that if we want to a expert traders, we must be understand in cryptocurrency market and trading. Because if we can not understand in this sector, we couldn’t earn best profit from trading or crypto currency market. We also believe that within our best patience we couldn’t earn best profit in this market.

Yeah we have to understand the character of the crypto market, if we want to be a great trader because a professional trader needs experience and expertise in trading and it takes a long time to become an expert. We have to be patient in learning and always focus on getting useful experience.

[hugeblack]

Time and luck will change the answer completely. Investing $1,000 without effort 10 years ago may be equivalent to 30 years of effort with trading, investment, luck and hard work. Therefore, the answer will differ greatly, but the most important thing is to know the support and resistance points and invest in Bitcoin based on that. Do not care about losses in the short term and try to diversify your investments after making profits.

[Findingnemo]

What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

I first have to say that cryptocurrency career may not be trading. You can have a cryptocurrency career as an investor or a miner.

Trading is a profession too, there aren't many people who acknowledges that but still people are doing it and living better life which is not only the crypto but there are many similar to crypto since we are talking in a crypto forum I highlight the trading is also a way to make profit when we do thing right.

Luck! Luck and luck again beyond everything else!
You can have all the skills in the world but nothing will save you if the 22nd of February happens again or if for example Coinbase or Bitgo is breached while you sleep or some random nuclear accident happens!
You can have all the knowledge in the world, somebody lucky enough to buy some shitcoin at the right time will beat your all lifelong income by x1000 in a day!

True, luck is a factor for everyone's success but it's not in our hands so let's focus on what we can control and hope for the best.

A random shitcoin can explode over night or in just a week of time frame and give 100x or even more but we should not be disappointed after seeing those, we should have a goal of beating ourselves alone in the learning curve, focusing about other's success does no good.

[Geey]

a successful person is a person who always learns, tries and works hard in what he aims for. if he aims to be successful in crypto then what he has to do is learn to understand the market such as market trends, so he must have a lot of knowledge in trading or information about crypto because positive or negative crypto news will affect its price so we have to learn .. and he must be smart in managing his assets and he must have a strategy or plan to manage his assets so that he can generate multiple profits.

[Ujok]

in business we must have a patient and careful nature before acting if we are in a hurry we are afraid of regretting it, with that we must be patient and careful.. a person becomes a professional he has a lot of knowledge in his field, here we enter the world of crypto so from that we have to look for a lot of information and news about crypto because the news that is circulating has a big impact on the price of crypto. so if we already have a lot of information then we will know the conditions in which we will buy and sell it.

[MrSpasybo]

What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

Personally, I feel patience and resilience are key factors and analytical skills, keeping up with trends also need to be there but those all are just secondary cause the real deal is to avoid the capital loss that eat our whole capital in no time.

And I would call someone successful if they keep learning from their own mistakes.

Many members are talking about luck, and I think luck is also an important skill, but sometimes luck is busy and can't come to us. So I focus on some other issues that traders can proactively improve:

1. Strict capital management: use only 1-2% of capital for each trading decision. This ensures that traders always have the opportunity to correct mistakes.

2. Manage psychology wisely: don't be too afraid or greedy.

3. Continuously improve knowledge and skills in using tools to assess the market.

[taufik123]

Continue to learn from your own mistakes or screen on some trading problems that you have faced,
so that you will find the right formula and strategy for trading.

In addition, it also depends on how a person processes their emotions when trading because emotions or psychology will have an impact on decision-making when trading is made.

Being too greedy, panicked and uncontrollable is the effect of bad trading psychology,
If traders can overcome these psychological problems, then it will allow them to execute their strategies quite well.

[Stompix]

For example, when the PEPE millionaire bought this shitcoin at the beginning, did he use deep technical analysis and indicators? Absolutely not, he bought an amount equivalent to about $ 27 in PEPE only, then luck played its game with him and he woke up to find himself a millionaire after a short period as the shitcoin rose madly and several zeros were deleted.

Yeah, it would have been funny, doing technical indicators on PEPE! Imagine how that would have looked!
Also, zoom out and do TA here:
https://coinmarketcap.com/currencies/shiba-inu/
For one year and a half flat and then 2million% up!

Meanwhile "experienced" traders get wiped out by a 10% swing!

True, luck is a factor for everyone's success but it's not in our hands so let's focus on what we can control and hope for the best.

Well, hoping for the best reveals what this is, gambling!
All the other fancy words mean nothing, it's just traders trying to fool themselves they are not gamblers!