Key qualities of successful trader

[Agbe]

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.

Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader,  keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.

[satpol_PP]

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.

Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader,  keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.

I agree that patience is the most important thing in investment, being a trader must be patient and seek a lot of experience by always training our skills in trading. And patience is also needed in making long-term investments, do not panic in seeing a fluctuating market and always focus on our initial plan.

[MRY]

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.

Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader,  keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.

I agree that patience is the most important thing in investment, being a trader must be patient and seek a lot of experience by always training our skills in trading. And patience is also needed in making long-term investments, do not panic in seeing a fluctuating market and always focus on our initial plan.

This is true because patience is a virtue in investing and trading, especially in the middle of volatile market. It is very crucial especially for a trader or investor to maintain discipline when following the laid down strategy. This is why one approach could be to spend not more, say, 10 minutes a day to track market prices because fixation on short term fluctuations leads to stress and emotional decisions. Eliminating short term account checking will instead be followed by staying long-term oriented and conducting portfolio assessments periodically.

Also, the actual practice of trading skills and learning from your mistakes is an investment in a person. Through the critical analysis of the strategies that have been employed it is possible to enhance the strategies the organization employs to meet market challenges. It is pertinent to open a demo account to try a handout at first before going into real account business to enhance your experience with little or no real money exposure. Remember we also stressed on the importance to set the right expectations so that we don’t either overplay or underplay in between can keep the patience as well as the optimal strategy intact.

[$crypto$]

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.

Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader,  keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.

Patience is something very important, even not only in trading. With patience we are able to continue learning without feeling bored. Boredom may exist because it is a very normal thing, but with patience we will be able to fight it all.

There are many keys to success in achieving success, patience is one of the things we must have, especially in the learning process. Because many people give up because they are not strong enough with the process.

[jeraldskie11]

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.

Patience is a key quality when it comes to trading both at a beginner level and intermediate level, you require Patience to learn how to trade the financial market because it might be very difficult and you might feel like giving up. Having a trading strategy is also very key when it comes to being a successful trader,  keeping up with your strategy and plans can help mitigate losses and put you in profit. You are definitely going to make mistakes but those are your stepping stones to becoming a better trader.

Patience is something very important, even not only in trading. With patience we are able to continue learning without feeling bored. Boredom may exist because it is a very normal thing, but with patience we will be able to fight it all.

There are many keys to success in achieving success, patience is one of the things we must have, especially in the learning process. Because many people give up because they are not strong enough with the process.

It's true, trading is something you need a lot of patience. No trader has ever been successful without this trait. Even though they are profitable, they still apply it to their trading. It's just that having this trait isn't automatic, it has to be cultivated. And because it is not easy, many traders lose or quit.

[royalRitta]

It's true, trading is something you need a lot of patience. No trader has ever been successful without this trait. Even though they are profitable, they still apply it to their trading. It's just that having this trait isn't automatic, it has to be cultivated. And because it is not easy, many traders lose or quit.

Much self-discipline and effort are needed to train yourself to be like what you described.
With time and effort comes expertise, and then some actions become automatic.

[jeraldskie11]

It's true, trading is something you need a lot of patience. No trader has ever been successful without this trait. Even though they are profitable, they still apply it to their trading. It's just that having this trait isn't automatic, it has to be cultivated. And because it is not easy, many traders lose or quit.

Much self-discipline and effort are needed to train yourself to be like what you described.
With time and effort comes expertise, and then some actions become automatic.

Yes, patience could be the outcome of discipline which is we also need to be molded. Nothing in the world is automatic. For example, if a child is taught discipline, it will grow up to be disciplined. If you teach it evil deeds, it will become evil. You make yourself a disciplined person right after saying that you need to be a disciplined person. So it's not really automatic. We have to learn first and apply until the result will show itself.

[Mr. Magkaisa]

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.

        -     In my opinion and view, we can no longer avoid losing in crypto trading because there are no perfect traders, because even experts in trading even experience losing because of the unpredictable nature of the market, and that's because of the volatility that is known to the majority.

Although most of us community traders in crypto often learn from our mistakes, where as much as possible we don't want to lose, and since sometimes it can't be avoided, I think there should be a target SL so that we can limit the big loss as traders.

[enoch_from_off]

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.

        -     In my opinion and view, we can no longer avoid losing in crypto trading because there are no perfect traders, because even experts in trading even experience losing because of the unpredictable nature of the market, and that's because of the volatility that is known to the majority.

Although most of us community traders in crypto often learn from our mistakes, where as much as possible we don't want to lose, and since sometimes it can't be avoided, I think there should be a target SL so that we can limit the big loss as traders.

It's better to use demo-trading and only the money you are willing to spend. Also, to learn from the trades of others, if possible.
Maybe do team sessions with analysis.

[$crypto$]

Patience is something very important, even not only in trading. With patience we are able to continue learning without feeling bored. Boredom may exist because it is a very normal thing, but with patience we will be able to fight it all.

There are many keys to success in achieving success, patience is one of the things we must have, especially in the learning process. Because many people give up because they are not strong enough with the process.

It's true, trading is something you need a lot of patience. No trader has ever been successful without this trait. Even though they are profitable, they still apply it to their trading. It's just that having this trait isn't automatic, it has to be cultivated. And because it is not easy, many traders lose or quit.

That's what's hard, patience is actually something that is within us, it just takes effort to grow it so that we can utilize the patience that we have. Not everyone can do that.

Well, many people say that patience has limits, that is wrong in my opinion, because if there are limits then it is not patience. It's not just technical factors that we have to learn, but external factors must also be mastered well.

[MrSpasybo]

In my opinion and view, we can no longer avoid losing in crypto trading because there are no perfect traders, because even experts in trading even experience losing because of the unpredictable nature of the market, and that's because of the volatility that is known to the majority.

Although most of us community traders in crypto often learn from our mistakes, where as much as possible we don't want to lose, and since sometimes it can't be avoided, I think there should be a target SL so that we can limit the big loss as traders.

Yeah, mistakes and losses are part of the game, especially when traders have been in the market for a long time. He'll understand and easily accept that to move forward instead of worrying and quitting.

To survive and profit, avoiding bad trades is necessary but we also need to limit losses on bad trades and maximize profits on good ones. Many legendary traders are still extremely wealthy despite having 30% win rate ~ only 30%

[dekafee79]

That's what's hard, patience is actually something that is within us, it just takes effort to grow it so that we can utilize the patience that we have. Not everyone can do that.

Well, many people say that patience has limits, that is wrong in my opinion, because if there are limits then it is not patience. It's not just technical factors that we have to learn, but external factors must also be mastered well.

I think if we are really patient, we might get bigger profits, because patience is unlimited. Sometimes what limits us is greed and need. If we need the money, we have to think about which is more important to do, to persist with patience or to prioritize the needs that we have to fulfill.

[Findingnemo]

In my opinion and view, we can no longer avoid losing in crypto trading because there are no perfect traders, because even experts in trading even experience losing because of the unpredictable nature of the market, and that's because of the volatility that is known to the majority.

Although most of us community traders in crypto often learn from our mistakes, where as much as possible we don't want to lose, and since sometimes it can't be avoided, I think there should be a target SL so that we can limit the big loss as traders.

Yeah, mistakes and losses are part of the game, especially when traders have been in the market for a long time. He'll understand and easily accept that to move forward instead of worrying and quitting.

To survive and profit, avoiding bad trades is necessary but we also need to limit losses on bad trades and maximize profits on good ones. Many legendary traders are still extremely wealthy despite having 30% win rate ~ only 30%

Not always everyone learn from the mistakes and keep repeating it, especially with the overhyped coins listed on Binance or whatever exchange and most of the time they will get dumped and forever but still there are people who claim themselves as trader doing the same mistake.

But who wants to be successful should learn from it if they really want to get better at trading.

[sampoerna]

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

Discipline is one of the keys.
and from this discipline we will be carried away by the flow and its development to other things.
- such as the willingness and ability to learn in more detail and consistently.
- The ability and capability to start being able to control ourselves more wisely

With discipline that can trigger our consistency in learning, analyzing, doing it continuously, and making ourselves more patient and not emotional, then it will be much better. especially in trading which really plays with feelings and emotions, and makes us often want to give up easily just because we failed once at the beginning and don't want to learn anymore.

[$crypto$]

That's what's hard, patience is actually something that is within us, it just takes effort to grow it so that we can utilize the patience that we have. Not everyone can do that.

Well, many people say that patience has limits, that is wrong in my opinion, because if there are limits then it is not patience. It's not just technical factors that we have to learn, but external factors must also be mastered well.

I think if we are really patient, we might get bigger profits, because patience is unlimited. Sometimes what limits us is greed and need. If we need the money, we have to think about which is more important to do, to persist with patience or to prioritize the needs that we have to fulfill.

It will be a battle between patience, greed and fear, because all of these things are something that is inside us, depending on whether we will follow which one. Self-control is a factor that will determine which one we will follow.

Therefore, in trading we should make it an additional source of income, because that way we will not be in a hurry to take steps because of the urgent needs that we have.