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Author Topic: Key qualities of successful trader  (Read 4368 times)

Online Findingnemo

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Re: Key qualities of successful trader
« Reply #60 on: October 11, 2024, 03:23:55 PM »
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.
Discipline may not always lead to the successful path but it teaches the self control and with the effort of the traders it's possible to learn and be consistent that may further leads to the successful journey.

Even with all the skill there's still a luck factor needed and if it's for someone it's not working for really long term then they also should be flexible with their strategies and should not hesitate to take chances of necessary.
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Re: Key qualities of successful trader
« Reply #60 on: October 11, 2024, 03:23:55 PM »

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Re: Key qualities of successful trader
« Reply #61 on: October 11, 2024, 10:27:57 PM »
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.
Discipline may not always lead to the successful path but it teaches the self control and with the effort of the traders it's possible to learn and be consistent that may further leads to the successful journey.

Even with all the skill there's still a luck factor needed and if it's for someone it's not working for really long term then they also should be flexible with their strategies and should not hesitate to take chances of necessary.
Discipline teaches us to stay focused and consistent in doing something, especially when trading, because discipline makes us more professional in making analysis and implementing plans and strategies correctly.
The luck factor also influences trading, but we should not always rely on luck because luck does not always come, we understand that the crypto market is unstable so it takes analysis and skills and not just luck.

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Re: Key qualities of successful trader
« Reply #61 on: October 11, 2024, 10:27:57 PM »

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Re: Key qualities of successful trader
« Reply #62 on: October 16, 2024, 08:59:51 PM »
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.
Greed is also another challenging factor we need consider among qualities to successful trading, when greed engulf trader you would how they will lose important trades at the cost of trying waiting either to take huge profits or waiting for the right entry point to execute trading. When greed are being cultured and tailored it gives more chances to profits maximization and profitable trading experience.

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Re: Key qualities of successful trader
« Reply #63 on: October 17, 2024, 08:34:20 AM »

Greed is also another challenging factor we need consider among qualities to successful trading, when greed engulf trader you would how they will lose important trades at the cost of trying waiting either to take huge profits or waiting for the right entry point to execute trading. When greed are being cultured and tailored it gives more chances to profits maximization and profitable trading experience.
Greed is a bad emotion, I agree with this opinion because it will make us lose the opportunity to gain profit because we hope for greater profit. A professional trader can manage this emotion because he has long experience. because sometimes I also have a greedy nature and end up losing profit because the crypto market is very volatile.
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Re: Key qualities of successful trader
« Reply #64 on: October 17, 2024, 06:52:04 PM »
If you want to be a successful trader, you must have all the concepts related to trading. To be a successful trader, you must have a lot of patience.Without patience it is not possible to survive in trading. Success in trading.  To do this, one must be a good market analyst. The better one can analyze the market, the better the trader can be.The rules of trading should be known well.  You should refrain from trading repeatedly. You should trade by understanding the market situation.  If the market conditions are bad, you should refrain from trading.Because there is a possibility of loss as a result of repeated trading.  Don't get frustrated and trade with patience.

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Re: Key qualities of successful trader
« Reply #65 on: October 17, 2024, 07:57:33 PM »
If you want to be a successful trader, you must have all the concepts related to trading. To be a successful trader, you must have a lot of patience.Without patience it is not possible to survive in trading. Success in trading.  To do this, one must be a good market analyst. The better one can analyze the market, the better the trader can be.The rules of trading should be known well.  You should refrain from trading repeatedly. You should trade by understanding the market situation.  If the market conditions are bad, you should refrain from trading.Because there is a possibility of loss as a result of repeated trading.  Don't get frustrated and trade with patience.

To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading.  In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition.  Keep trading so that money is never at risk.

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Re: Key qualities of successful trader
« Reply #66 on: October 17, 2024, 11:09:09 PM »
To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading.  In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition.  Keep trading so that money is never at risk.
I agree with you because it is true that in trading one must have patience otherwise one cannot get a successful trader. Many times we start thinking of trading as a quick rich scheme, which is actually our wrong idea.
In fact, to be successful not only in trading but in all fields, patience and hard work are needed. I have read many traders articles and shared their experiences on social media many of them were millionaires but they didn't reach this place in one day or two or three months they spent years of trading practice and live trading only then they reached that position. So we should not be so easy on success.

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Re: Key qualities of successful trader
« Reply #66 on: October 17, 2024, 11:09:09 PM »


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Re: Key qualities of successful trader
« Reply #67 on: October 17, 2024, 11:54:04 PM »
To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading.  In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition.  Keep trading so that money is never at risk.
I agree with you because it is true that in trading one must have patience otherwise one cannot get a successful trader. Many times we start thinking of trading as a quick rich scheme, which is actually our wrong idea.
In fact, to be successful not only in trading but in all fields, patience and hard work are needed. I have read many traders articles and shared their experiences on social media many of them were millionaires but they didn't reach this place in one day or two or three months they spent years of trading practice and live trading only then they reached that position. So we should not be so easy on success.
Not only in trading, patience is always needed in all efforts and investments. And in trading patience is the main key to achieving success, because we will always be faced with the crypto market which is always fluctuating.
In medium and long term holding, patience is also needed, because sometimes the market suddenly changes and experiences corrections if you don't have patience, you will panic.

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Re: Key qualities of successful trader
« Reply #68 on: October 18, 2024, 06:11:59 AM »
To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading.  In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition.  Keep trading so that money is never at risk.
I agree with you because it is true that in trading one must have patience otherwise one cannot get a successful trader. Many times we start thinking of trading as a quick rich scheme, which is actually our wrong idea.
In fact, to be successful not only in trading but in all fields, patience and hard work are needed. I have read many traders articles and shared their experiences on social media many of them were millionaires but they didn't reach this place in one day or two or three months they spent years of trading practice and live trading only then they reached that position. So we should not be so easy on success.

A lot of patience to achieve success Success is possible only after a lot of hard work. If someone wants to be big suddenly then he will never be successful.  Again, some people have become destitute, the difference between them is that some have patience and hard work, and on the other hand, they have become destitute due to lack of patience and hard work. Good things can be expected from trading only when trading can be started with good experience about trading.

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Re: Key qualities of successful trader
« Reply #69 on: October 18, 2024, 05:27:18 PM »
To be successful in trading, you must have patience and if you don't have patience, you will never be successful. You will always have to lose. Sometimes due to excessive greed, you cannot do anything that has to be lost so that the loss is more than the profit from trading.  In order to survive in trading, we should trade after knowing the rules of trading well and if the rules of trading are not followed, then the trade should be started at risk. Sometimes if there is a lot of loss, we should refrain from trading at that time. Always keep an eye on the market condition.  Keep trading so that money is never at risk.
I agree with you because it is true that in trading one must have patience otherwise one cannot get a successful trader. Many times we start thinking of trading as a quick rich scheme, which is actually our wrong idea.
In fact, to be successful not only in trading but in all fields, patience and hard work are needed. I have read many traders articles and shared their experiences on social media many of them were millionaires but they didn't reach this place in one day or two or three months they spent years of trading practice and live trading only then they reached that position. So we should not be so easy on success.

A lot of patience to achieve success Success is possible only after a lot of hard work. If someone wants to be big suddenly then he will never be successful.  Again, some people have become destitute, the difference between them is that some have patience and hard work, and on the other hand, they have become destitute due to lack of patience and hard work. Good things can be expected from trading only when trading can be started with good experience about trading.
my experience is not good in trading because I often suffer defeat in the past, but because of patience and I always practice in trading patiently, finally I have a strategy and skills in trading until the profit I get is greater than the defeat.
And I agree with you patience will make us successful if we continue to learn and seek experience.

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Re: Key qualities of successful trader
« Reply #70 on: October 18, 2024, 08:34:48 PM »

my experience is not good in trading because I often suffer defeat in the past, but because of patience and I always practice in trading patiently, finally I have a strategy and skills in trading until the profit I get is greater than the defeat.
And I agree with you patience will make us successful if we continue to learn and seek experience.
In fact, it's not just your experience, more than 80% of people who come to trading have the same experience because we don't give up and invest without learning trading well. And besides, you have to remember that you will invest in trading only when you understand what are the reasons for your loss and when you understand it, then you will think that you are ready to trade. And before that I would suggest to use only demo trading for practice.

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Re: Key qualities of successful trader
« Reply #71 on: October 18, 2024, 09:06:39 PM »

my experience is not good in trading because I often suffer defeat in the past, but because of patience and I always practice in trading patiently, finally I have a strategy and skills in trading until the profit I get is greater than the defeat.
And I agree with you patience will make us successful if we continue to learn and seek experience.
In fact, it's not just your experience, more than 80% of people who come to trading have the same experience because we don't give up and invest without learning trading well. And besides, you have to remember that you will invest in trading only when you understand what are the reasons for your loss and when you understand it, then you will think that you are ready to trade. And before that I would suggest to use only demo trading for practice.
Starting up with demo is also good but the rest of other learnings could really be acquired through real balance trading because if we do stick into demo and trying out to master everything
but still you are lacking with emotion handling or management then you would really be still failing when it comes to real trading because we do know that the main difference about demo and live trading is about on the capital that you are handling on and the emotions that are attached to it. You would be able to find out its main differences in regarding into this matter.
This is why after you have familiarize yourself on dealing up with demo then the next step is to deal up with real trading on which real learning would be obtained into this space.

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Re: Key qualities of successful trader
« Reply #72 on: October 19, 2024, 04:04:33 PM »

my experience is not good in trading because I often suffer defeat in the past, but because of patience and I always practice in trading patiently, finally I have a strategy and skills in trading until the profit I get is greater than the defeat.
And I agree with you patience will make us successful if we continue to learn and seek experience.
In fact, it's not just your experience, more than 80% of people who come to trading have the same experience because we don't give up and invest without learning trading well. And besides, you have to remember that you will invest in trading only when you understand what are the reasons for your loss and when you understand it, then you will think that you are ready to trade. And before that I would suggest to use only demo trading for practice.
It is for this reason that most people who venture into trading usually fail right from word go because, they start making trading decisions without fully grasping trading fundamentals. This is natural because we are all learners in one or another at our workplaces and it is noteworthy that having observed the errors, which have taken place, we should take necessary measures in this sphere. The first process which has to be fulfilled when we encounter a loss is the assessment of the reason behind it. Knowledge of the antecedent of losses is an advantage to ensuring enhanced decision-making in the future to avoid such losses. Just prior to putting real money down, it is advised to engage in the use of a demo account. In this manner, we could arrive at the real trading skill capability without any risks of getting in trouble and that what we are doing now is simply practice until we get full maturity of skills on actual investments with real money.
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Re: Key qualities of successful trader
« Reply #73 on: October 19, 2024, 09:33:19 PM »
It is for this reason that most people who venture into trading usually fail right from word go because, they start making trading decisions without fully grasping trading fundamentals. This is natural because we are all learners in one or another at our workplaces and it is noteworthy that having observed the errors, which have taken place, we should take necessary measures in this sphere. The first process which has to be fulfilled when we encounter a loss is the assessment of the reason behind it. Knowledge of the antecedent of losses is an advantage to ensuring enhanced decision-making in the future to avoid such losses. Just prior to putting real money down, it is advised to engage in the use of a demo account. In this manner, we could arrive at the real trading skill capability without any risks of getting in trouble and that what we are doing now is simply practice until we get full maturity of skills on actual investments with real money.
You are right, this is actually the main reason that those who start investing in trading without fully learning trading and gradually increase the amount of their losses and finally retire from trading and their gains from trading are only losses.
In fact, it is not only in the field of trading, but also in the field of other sectors, people often invest in a business without knowing the basics of a business, and later it is seen that he eats a loss in the business and finally he has to close his business. So we should first know about trading or in any case when we do investment then we should know fully about that subject how those things work and give a good result and then we should go for investment. If not, you will have to lose face repeatedly due to imperfect knowledge and greed.

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Re: Key qualities of successful trader
« Reply #74 on: October 20, 2024, 12:56:37 PM »
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.
I agree that in life we ​​must always learn, especially in investing in crypto, we must always learn many things and this requires experience in order to understand new things. Patience and always focusing on investing in crypto is the key to achieving success. Nothing is easy if we want to succeed in investing because everything requires a process, especially in trading, this is also more difficult and requires experience and skills in creating a good strategy.

 

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