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Author Topic: Key qualities of successful trader  (Read 4377 times)

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Re: Key qualities of successful trader
« Reply #75 on: October 20, 2024, 08:48:35 PM »
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.
You are also right I want to say not only in crypto industry but now the era is digital era and in this era day by day and our world is upgrading again and here if we can't upgrade ourselves without gaining knowledge by learning constantly then we In this digital age, we cannot survive in the crowd of competition.
And as you said, there is a matter of investment in the industry of crypto currency, and if we don't know and learn new updates constantly, then there is a possibility of not only lagging behind, but also of taking a big loss here. And so we must be constantly aware of news and updates if we want to see ourselves as successful traders.

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Re: Key qualities of successful trader
« Reply #75 on: October 20, 2024, 08:48:35 PM »

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Re: Key qualities of successful trader
« Reply #76 on: October 20, 2024, 10:18:00 PM »

You are also right I want to say not only in crypto industry but now the era is digital era and in this era day by day and our world is upgrading again and here if we can't upgrade ourselves without gaining knowledge by learning constantly then we In this digital age, we cannot survive in the crowd of competition.
And as you said, there is a matter of investment in the industry of crypto currency, and if we don't know and learn new updates constantly, then there is a possibility of not only lagging behind, but also of taking a big loss here. And so we must be constantly aware of news and updates if we want to see ourselves as successful traders.
We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
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Re: Key qualities of successful trader
« Reply #76 on: October 20, 2024, 10:18:00 PM »

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Re: Key qualities of successful trader
« Reply #77 on: October 21, 2024, 11:29:10 AM »
We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
Yes, I agree with you and the reason is that in this digital age, new inventions are being made every minute, people and society are getting upgraded and our society is becoming more competitive. To make ourselves successful here, we need to constantly increase our people. It doesn't just apply to cryptocurrency, we need to be aware of the latest updates in each sector so that we don't lag behind others. And as a trader, it is necessary to do these things in his life.

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Re: Key qualities of successful trader
« Reply #78 on: October 21, 2024, 11:41:48 AM »
We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
Yes, I agree with you and the reason is that in this digital age, new inventions are being made every minute, people and society are getting upgraded and our society is becoming more competitive. To make ourselves successful here, we need to constantly increase our people. It doesn't just apply to cryptocurrency, we need to be aware of the latest updates in each sector so that we don't lag behind others. And as a trader, it is necessary to do these things in his life.

We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.

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Re: Key qualities of successful trader
« Reply #79 on: October 22, 2024, 06:20:42 PM »
We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
Yes, I agree with you and the reason is that in this digital age, new inventions are being made every minute, people and society are getting upgraded and our society is becoming more competitive. To make ourselves successful here, we need to constantly increase our people. It doesn't just apply to cryptocurrency, we need to be aware of the latest updates in each sector so that we don't lag behind others. And as a trader, it is necessary to do these things in his life.

We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.
We still need to be more careful in deciding where we invest our time and energy because as we are aware there is an endless list of projects and ideas popping up. However, not all of them will yield greater values for the longer haul. Hence, it is very important to have a deep analysis before you decide and commit yourself on whether or not a certain project should be taken. If done right, they themselves help us to minimize the point where we spend our time and money on things that do not bring about positive effects and instead direct our attention on things that can reap big results.
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Re: Key qualities of successful trader
« Reply #80 on: October 23, 2024, 07:50:14 PM »
We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.
The best sign of a trader is that he knows best money management and the second best sign is his analytical skills. There are many of us who see a little hype in a project and invest in that project without doing any analysis.
And on the other hand, a professional must not invest in it based on emotion, he will first analyze what the project is actually based on and what is their goal and what is their roadmap and who is in the team of those projects, and Max supply As well as marketcap and who are the backers of that project. Then a professional trader will select a good coin to invest.

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Re: Key qualities of successful trader
« Reply #81 on: October 23, 2024, 08:07:44 PM »
We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.
Yes, I agree with you and the reason is that in this digital age, new inventions are being made every minute, people and society are getting upgraded and our society is becoming more competitive. To make ourselves successful here, we need to constantly increase our people. It doesn't just apply to cryptocurrency, we need to be aware of the latest updates in each sector so that we don't lag behind others. And as a trader, it is necessary to do these things in his life.

We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.

Investing in new projects is quite a risk because most of the time I have faced losses by investing in new projects. But if you invest in good new projects, you have more chances to get profit. If you can find some good coins from the market, there will be a chance of getting good profit in future.  Some times due to bad market one has to face big loss. Recovery of this loss requires experience and skill.

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Re: Key qualities of successful trader
« Reply #81 on: October 23, 2024, 08:07:44 PM »


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Re: Key qualities of successful trader
« Reply #82 on: October 23, 2024, 08:55:50 PM »

We also need to know what to invest our time in, because as you said, there are new projects and ideas all the time, but not all of them would bring success and profits in the long run. Making a good and thorough analysis should be a key aspect of deciding whether it's worth it to go into the project or not.
Normally things are always about taking advantage of new projects, but that's a matter of minutes when they come out on the exchanges, because the dump is massive, so the trick is to get a lot of tokens, millions of tokens so that you can see the profit, but since so many projects have come out now and they give few tokens, sometimes it's not worth doing them, because that's like wasting time, it's preferable to do other things that are much more useful and that can generate more money , that's what we're looking for.
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Re: Key qualities of successful trader
« Reply #83 on: October 23, 2024, 09:07:21 PM »
We must improve our knowledge in this digital era. If not, we will be left behind with updates, especially in the digital era, all information is easily obtained with internet access. In crypto investment, this is related to money, we must have sufficient knowledge and always update so as not to be left behind and can get maximum profits. In crypto, there are many new things that we must learn, and we must learn about all of it.

I think if you are trader and you have understand how the market work right, at some points you don't really need the knowledge again. What you need the most is the experience because it's experience they don't teach, you self learn it and from there you improve in any other things of the market, no one will tell you the market will crash unless you learn it yourself.

While learning the market, learn to also make friends from insiders, most if the time it's the technical analysis of the market that makes you money but getting access to first class information helps you mofe as the market is move by sentiments.
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Re: Key qualities of successful trader
« Reply #84 on: October 24, 2024, 10:14:43 PM »
Investing in new projects is quite a risk because most of the time I have faced losses by investing in new projects. But if you invest in good new projects, you have more chances to get profit. If you can find some good coins from the market, there will be a chance of getting good profit in future. Some times due to bad market one has to face big loss. Recovery of this loss requires experience and skill.
And for this one reason there are also have a chances to make huge profit by investing on a new crypto project and in this point we also get traped by the greed and that is the also a main reason most of trader or the investor are also facing losses in these coin.
And if we look the investor who are investing these kind of new project most of them are the new investor who don't have good knowledge about the analysis. And here the professional trader and the newbie trader  has the differences like the newbie with few knowledge doing their trade and increasing their losing amount.
And in case of the professional trader with the good analysis knowledge they also did face losses in crypto investment and trading but they can have the recovering with using their knowledge. So we should learn the how to do trading then jump in to trading.

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Re: Key qualities of successful trader
« Reply #85 on: October 25, 2024, 05:39:56 PM »
I think if you are trader and you have understand how the market work right, at some points you don't really need the knowledge again. What you need the most is the experience because it's experience they don't teach, you self learn it and from there you improve in any other things of the market, no one will tell you the market will crash unless you learn it yourself.

While learning the market, learn to also make friends from insiders, most if the time it's the technical analysis of the market that makes you money but getting access to first class information helps you mofe as the market is move by sentiments.
Isn't that also included in knowledge? Indirectly, we may not realize that it is also a hidden knowledge because we already know how the market works. But if we dig deeper, then it is also knowledge.

I think we can't separate knowledge in any case, because knowledge is its main source. If it is without knowledge, then how can we understand how the market works? Well, in this case, once again, it comes from knowledge.

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Re: Key qualities of successful trader
« Reply #86 on: October 25, 2024, 08:04:09 PM »
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.

Of course, if you have mastered trading, it will surely be easy for you to get profit in crypto trading. But if you don't have enough knowledge and depth here, it's also guaranteed that you will always lose easily in trading on any exchange you use.

That's why being a successful trader in crypto trading is not easy to achieve, I am pretty sure that you can lose a large amount of money in trading before you can achieve what is said to be a successful trader in this field in truth.
« Last Edit: October 25, 2024, 08:14:13 PM by gunhell16 »
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Re: Key qualities of successful trader
« Reply #87 on: October 25, 2024, 09:07:51 PM »
What are the things that someone should have and someone should follow if they want to be successful in their crypto currency career?

You should follow your instincts and be prepared to allow the market to do its thing. Having the knowledge of trading is important and when you’re able to master it, you should believe and trust your analysis in order to know where you’re making the mistake and where you’re applying the right thing. The cryptocurrency career is not something that you can get to understand easily, you need to put all things together to make it in this career. Trading is not easy and if it was, everyone would be a trader and be a millionaire by now.


Quote
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 and resilience are important and if you’re able to keep up with this two when trading, then you’re halfway successful into your trading journey. One other thing I see very necessary at trading is the ability to be able to apply risk management and when you’re able to accomplish that, your trading journey will be more easier than ever.

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Re: Key qualities of successful trader
« Reply #88 on: October 25, 2024, 09:18:22 PM »
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.
I think main key is proper knowledge about trading to be a successful trader. Without proper knowledge anyone can't success in trading it is universal truth. Moreover mony management, market analysis, news analysis time management, risk management etc is also very implement for a successful trader.

If anyone gether proper knowledge about trading and follow uper mentioned, i think he will be a successful trader and today or tomorrow he will be successful in trading there has no doubt.
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Re: Key qualities of successful trader
« Reply #89 on: October 25, 2024, 11:00:47 PM »
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.
I think main key is proper knowledge about trading to be a successful trader. Without proper knowledge anyone can't success in trading it is universal truth. Moreover mony management, market analysis, news analysis time management, risk management etc is also very implement for a successful trader.

If anyone gether proper knowledge about trading and follow uper mentioned, i think he will be a successful trader and today or tomorrow he will be successful in trading there has no doubt.
The right knowledge is needed in trading besides experience is also very important. because in trading it takes skills that can only be trained by always doing it and we must have good analytical and prediction skills. Good strategies and plans are also needed in this case.

 

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