Key qualities of successful trader

[taufik123]

that's right, in a person there must be a patient nature and can control his emotions so that he does not make decisions too quickly because people who make decisions quickly without thinking first are very high risk there will definitely be regret. with that we must avoid all of these things and must remain calm in any condition even though the market is declining must remain patient. patience is the key to a person's success ...

It's very difficult to be patient when you've made the wrong decision.
Stress will envelop and trading becomes very chaotic.
I also really can't control my trades completely.

There was a time when I was too stupid to make a sale with a loss because of panic, when panic would only result in a loss.

It takes a very good plan so that there will be no regrets and greed, I started to learn that, and the important thing is that every trade there is a profit to be made.

[dekafee79]

that's right, in a person there must be a patient nature and can control his emotions so that he does not make decisions too quickly because people who make decisions quickly without thinking first are very high risk there will definitely be regret. with that we must avoid all of these things and must remain calm in any condition even though the market is declining must remain patient. patience is the key to a person's success ...

It's very difficult to be patient when you've made the wrong decision.
Stress will envelop and trading becomes very chaotic.
I also really can't control my trades completely.

There was a time when I was too stupid to make a sale with a loss because of panic, when panic would only result in a loss.

It takes a very good plan so that there will be no regrets and greed, I started to learn that, and the important thing is that every trade there is a profit to be made.

We must have a good plan when trading, this is not easy because we have to learn and have a lot of experience to become a professional. We sometimes have the wrong decision, but we must be able to revise the decision and learn from the mistake so that our next strategy and plan can be profitable.

[bayu7adi]

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.

I agree with the point of patience... because there are so many people who still can't be patient by making hasty decisions, even many are still too FOMO so that they can't think logically... There are several factors that also affect the success of becoming a trader, some are even willing to lose a little of their money, to get more money... of course this is part of the strategy.

[legend45]

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.

We always learn from mistakes in trading to change strategies because we have to practice diligently and managing risks is not easy because it requires experience, so that greed and panic do not interfere with our focus in trading, that's why many professional traders are always calm in seeing market changes that are very volatile.

[taufik123]

We always learn from mistakes in trading to change strategies because we have to practice diligently and managing risks is not easy because it requires experience, so that greed and panic do not interfere with our focus in trading, that's why many professional traders are always calm in seeing market changes that are very volatile.

Sometimes there are also too many mistakes so that no evaluation is done,
it will not change anything and never try to learn technical analysis and fundamentals well.

I was in a phase where I didn't know what was wrong and never understood how analysis worked,
until finally I started to learn it one by one until I understood.

It is not easy, but it does take patience to find the right rhythm to do the right analysis and trading strategy.

[sagarmota10]

Portfolio Management is the key factors to survive in investing and trading and trader must have to trade with calculated risk and buy when it's in buying or demand zone instead of FOMO buying.
Market always give a chance to buy your favourite one coin at some level ee just have to keep watch and also need patience for not only holding but for correct level of buying.

In short it's simple but hard to follow the same 😅

[enoch_from_off]

Portfolio Management is the key factors to survive in investing and trading and trader must have to trade with calculated risk and buy when it's in buying or demand zone instead of FOMO buying.
Market always give a chance to buy your favourite one coin at some level ee just have to keep watch and also need patience for not only holding but for correct level of buying.

In short it's simple but hard to follow the same 😅

Responsibility is key, you are right.
Trading responsibly => getting profits in the long run, in my opinion.

[Crwth]

I believe the critical quality of a trader is someone consistent with their plans, and following your plans should always be their priority. It is not simply trade all the time unless they are using a bot.

Not being affected by the market so much that they still make the right decision is a successful trader.

[royalRitta]

I believe the critical quality of a trader is someone consistent with their plans, and following your plans should always be their priority. It is not simply trade all the time unless they are using a bot.

Not being affected by the market so much that they still make the right decision is a successful trader.

That's right too! Having a goal in mind helps to not to become tempted by some positions you yourself opened up and see the going too good that you initially intended.
Without some self-discipline, you won't be able to get profit from such positions. Or even be in losses.

[Ujok]

To me I think is having good self-control, with that you will be able to grow and same time control your emotions because, as a trader one of the thing that usually affect time is not having a good self-control, that's why most traders usually blow their account before realising it . So having good self-control will help to minimize losses , because one will be able to have good risk management.

Do you mean by the word self-control like controlling assets so that in the future it can generate large profits and the goal of traders is to become professional traders so that it is easier to gain profits and avoid losses. Maybe an old trader must have known the basics to start with by having a lot of knowledge and being smart in managing funds.

[Thyplaymaker]

To me I think is having good self-control, with that you will be able to grow and same time control your emotions because, as a trader one of the thing that usually affect time is not having a good self-control, that's why most traders usually blow their account before realising it . So having good self-control will help to minimize losses , because one will be able to have good risk management.

Do you mean by the word self-control like controlling assets so that in the future it can generate large profits and the goal of traders is to become professional traders so that it is easier to gain profits and avoid losses. Maybe an old trader must have known the basics to start with by having a lot of knowledge and being smart in managing funds.

Okay being a professional means that you have gain alot of experience, when we talking of experience I mean having a good risk management and self-control, okay talking of self-control I mean being able to overcome some certain things like , one emotions , knowing when to stop or when ti continue reading   . So being a professional doesn't mean you won't experience losses though , rather it will help in reducing it

[enoch_from_off]

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.

I agree with the point of patience... because there are so many people who still can't be patient by making hasty decisions, even many are still too FOMO so that they can't think logically... There are several factors that also affect the success of becoming a trader, some are even willing to lose a little of their money, to get more money... of course this is part of the strategy.

Agreed. A person should have valid and reachable goals in mind in order to get what she desires - profit or anything else. Trading responsibly can lead to great opportunities, with fewer risks attached.

[Fivestar4everMVP]

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.

Someone who keeps learning from his or her own mistakes is not more successful than those who keep learning from other people's mistakes.
This is to say that, one does not have to wait until he or she does any mistake before he or she can learn, such mistakes can be avoided by simply putting eyes and mind down to learn from other people's mistakes, this can be achieved through reading books and good online posts, watching educative videos and well as listening to really good news and information that is in relation with ones line of interest.

And it's also very important to have a good mentor as well, someone who have gone through alot in an industry of your interest and have succeeded, follow such a person and learn from him or her, there are mistakes he or she has made, which he or she will help you not to make same mistakes, which can help you succeed faster than relying on your own self and learning from your own mistakes.

[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.

Someone who keeps learning from his or her own mistakes is not more successful than those who keep learning from other people's mistakes.
This is to say that, one does not have to wait until he or she does any mistake before he or she can learn, such mistakes can be avoided by simply putting eyes and mind down to learn from other people's mistakes, this can be achieved through reading books and good online posts, watching educative videos and well as listening to really good news and information that is in relation with ones line of interest.

I would say it's smart to learn from other people's experiences but certain things can't have it's full extent until it happens to us but keeping ourselves educated which is no harm for anyone but often people not ready to take such efforts when they are busy dealing with their own things.

The point is they should not repeat their mistakes which itself a sign that they are getting better at what they do and with the compounding effect they have chance to make real good money if they are sensible enough to manage the risk/rewards ratio.

[sagarmota10]

As we read from lot of investor books that the investor make a huge money from market easily but not from lot of trading but just give a time to the investment bcz investment demand the time for moon 🌝.

So always prefer to buy Red ♥️ and sale green 🤑💚.