How do you gain profit in crypto trading?

[bayu7adi]

I think it's too simple, but it's not bad to make your thread as a starting point... as far as I know, a professional trader has different analytical skills... sometimes they also get special information that only certain people get...

so, in my personal opinion, what you explained is only a part... because I feel that the parameters for truly succeeding in cryptocurrency are very complex... even the biggest weight may be on a person's luck and also their talent in this field.

[luckyledger]

I think it's too simple, but it's not bad to make your thread as a starting point... as far as I know, a professional trader has different analytical skills... sometimes they also get special information that only certain people get...

so, in my personal opinion, what you explained is only a part... because I feel that the parameters for truly succeeding in cryptocurrency are very complex... even the biggest weight may be on a person's luck and also their talent in this field.

Yeah, there is always space to improve. And adapt.
That's the beauty of it, in a way.

[satpol_PP]

I think it's too simple, but it's not bad to make your thread as a starting point... as far as I know, a professional trader has different analytical skills... sometimes they also get special information that only certain people get...

so, in my personal opinion, what you explained is only a part... because I feel that the parameters for truly succeeding in cryptocurrency are very complex... even the biggest weight may be on a person's luck and also their talent in this field.

Luck will always be there in investing in crypto, but we should not always rely on luck, so an investor or trader must be able to analyze a project or coin, because we invest based on knowledge, analysis and experience, not just relying on luck.
although we do not deny that luck always plays a role.

[pieppiep]

I think it's too simple, but it's not bad to make your thread as a starting point... as far as I know, a professional trader has different analytical skills... sometimes they also get special information that only certain people get...

so, in my personal opinion, what you explained is only a part... because I feel that the parameters for truly succeeding in cryptocurrency are very complex... even the biggest weight may be on a person's luck and also their talent in this field.

Luck will always be there in investing in crypto, but we should not always rely on luck, so an investor or trader must be able to analyze a project or coin, because we invest based on knowledge, analysis and experience, not just relying on luck.
although we do not deny that luck always plays a role.

We cannot just sit around crossing our fingers for luck in crypto investment even if luck sometimes may arrive. An investor’s trader must be capable of analyzing a project or a specific coin, because strong investment decisions are made with knowledge, careful analysis as well as experience. While the fact that luck does come into play to a certain extent of course knowledge and strategy can still remain the best policy when it comes to investments.

[Asiska02]

To gain profit in crypto trading, you need to follow a few key strategies. First, always stay informed about market trends and news that impact prices. Second, use technical analysis tools to identify entry and exit points for trades. Third, diversify your portfolio to manage risk. Fourth, adopt a disciplined trading approach, setting stop-loss orders to minimize losses. Finally, patience and emotional control are crucial, as markets can be highly volatile.

You have just answered your question and everything you’ve said here is what it is actually in trading. When you’re able to manage yourself through all this and remain disciplined in achieving all this, your profit at trading will become more important and achievable within a short time and yet again a lot of consistency will be there for you. Everyone have their own way of trading the market but most of the things are somehow similar when you compare them in-depth. Trading is not an easy journey but worth it when you begin to win and understand the market better.

[rizqillah]

To gain profit in crypto trading, you need to follow a few key strategies. First, always stay informed about market trends and news that impact prices. Second, use technical analysis tools to identify entry and exit points for trades. Third, diversify your portfolio to manage risk. Fourth, adopt a disciplined trading approach, setting stop-loss orders to minimize losses. Finally, patience and emotional control are crucial, as markets can be highly volatile.

You have just answered your question and everything you’ve said here is what it is actually in trading. When you’re able to manage yourself through all this and remain disciplined in achieving all this, your profit at trading will become more important and achievable within a short time and yet again a lot of consistency will be there for you. Everyone have their own way of trading the market but most of the things are somehow similar when you compare them in-depth. Trading is not an easy journey but worth it when you begin to win and understand the market better.

I think the above comments are complete and answer all the doubts of the new bies. In trading we must be able to control ourselves, this is part of emotional management. Always read news that will have an impact on the trend. Perform analysis and diversification on some potential coins. Because we must be able to do it all in order to be a professional trader.

[taufik123]

I think the above comments are complete and answer all the doubts of the new bies. In trading we must be able to control ourselves, this is part of emotional management. Always read news that will have an impact on the trend. Perform analysis and diversification on some potential coins. Because we must be able to do it all in order to be a professional trader.

Stepping up to become a professional trader is not easy, not just an acknowledgment or being able to trade without mistakes.
Because being a professional trader there is a lot to master, in terms of technical and fundamental analysis and how they control trading psychology properly and correctly.

Now many ordinary people are learning to trade and think that they are successful and have already declared themselves professional traders and opened classes. Even though it is not that easy and requires a long process.

[pieppiep]

To gain profit in crypto trading, you need to follow a few key strategies. First, always stay informed about market trends and news that impact prices. Second, use technical analysis tools to identify entry and exit points for trades. Third, diversify your portfolio to manage risk. Fourth, adopt a disciplined trading approach, setting stop-loss orders to minimize losses. Finally, patience and emotional control are crucial, as markets can be highly volatile.

You have just answered your question and everything you’ve said here is what it is actually in trading. When you’re able to manage yourself through all this and remain disciplined in achieving all this, your profit at trading will become more important and achievable within a short time and yet again a lot of consistency will be there for you. Everyone have their own way of trading the market but most of the things are somehow similar when you compare them in-depth. Trading is not an easy journey but worth it when you begin to win and understand the market better.

I think the above comments are complete and answer all the doubts of the new bies. In trading we must be able to control ourselves, this is part of emotional management. Always read news that will have an impact on the trend. Perform analysis and diversification on some potential coins. Because we must be able to do it all in order to be a professional trader.

That is true as far as trading and we also would like to underscore that one should remain calm and perform well while having an understanding of recent events that might influence the market. Presumably, economic stability is an essential condition to overcome market fluctuations; self-organization and discipline contribute to the achievement of the mentioned goal.

Using various strategies, as well as analyzing and diversify into the right assets, our chances of the trader becoming more professional can be heightened. All of these will assist us in the formulation of good decisions and act as a signpost to long term sustainability.

[bayu7adi]

Now many ordinary people are learning to trade and think that they are successful and have already declared themselves professional traders and opened classes. Even though it is not that easy and requires a long process.

that's right, even when someone starts opening a class and requires payment of a certain amount to people who want to learn, how bad is he who makes money from his class, not from his own trading skills??

trading does require many aspects to make decisions, and in my personal opinion, a professional trader is not claimed, but recognized by others from the perspective of many people...

[Bobcrypto]

These strategies are key, and the fact is that when the market is unpredictable, it can lead to hitting multiple stop-losses. However, following them in a good and predictable market condition is a good way to make more profit than loss.

Actually the market is unpredictable, though there are still some analyst who are predicting the market on the right directions to some extent, at least, 80% to 90% correct.
Yeah, stop loss is a good strategy to cut loss, like you mentioned, however, further strategies that help to maximize profit is Patience and experience.

As we may know, many people find it difficult to follow market trends vigorously, they easily close their positions because of fear of losing all. An experienced traders who is following the market trends know when to use the stop loss options and not just apply a stop loss due to fear of loss.
At some points, the market goes dip, and corrections but the inexperienced traders just Dump the market because of fear of losing all.

[Themepen]

Actually the market is unpredictable, though there are still some analyst who are predicting the market on the right directions to some extent, at least, 80% to 90% correct.
Yeah, stop loss is a good strategy to cut loss, like you mentioned, however, further strategies that help to maximize profit is Patience and experience.

As we may know, many people find it difficult to follow market trends vigorously, they easily close their positions because of fear of losing all. An experienced traders who is following the market trends know when to use the stop loss options and not just apply a stop loss due to fear of loss.
At some points, the market goes dip, and corrections but the inexperienced traders just Dump the market because of fear of losing all.

I totally agree that market is hard to predict making it difficult to make accurate forecasts. Some analysts are good at predicting market trends but individual traders need more than just predictions to succeed. Strategies like stop loss help limit losses and patience and experience are just as important for making profits. Experienced traders know when to use stop loss wisely instead of making impulsive decisions based on fear.

Inexperienced traders mostly find it hard to handle market ups and downs. They get scared and sell too quickly. On the other hand experienced traders see market corrections and dips as chances to make smart decisions. They use their expertise to make informed choices.

[taufik123]

that's right, even when someone starts opening a class and requires payment of a certain amount to people who want to learn, how bad is he who makes money from his class, not from his own trading skills??

trading does require many aspects to make decisions, and in my personal opinion, a professional trader is not claimed, but recognized by others from the perspective of many people...

Yes, that's a risk-free income for people who open trading classes, signals, etc., because they know that the income from selling classes like this gives stable results and many are interested.

Professional traders are recognized as not telling others that they are professional traders.
We can see how his actions and knowledge about trading and of course the profits obtained are also greater.

[Ricardo11]

Actually the market is unpredictable, though there are still some analyst who are predicting the market on the right directions to some extent, at least, 80% to 90% correct.
Yeah, stop loss is a good strategy to cut loss, like you mentioned, however, further strategies that help to maximize profit is Patience and experience.

As we may know, many people find it difficult to follow market trends vigorously, they easily close their positions because of fear of losing all. An experienced traders who is following the market trends know when to use the stop loss options and not just apply a stop loss due to fear of loss.
At some points, the market goes dip, and corrections but the inexperienced traders just Dump the market because of fear of losing all.

I totally agree that market is hard to predict making it difficult to make accurate forecasts. Some analysts are good at predicting market trends but individual traders need more than just predictions to succeed. Strategies like stop loss help limit losses and patience and experience are just as important for making profits. Experienced traders know when to use stop loss wisely instead of making impulsive decisions based on fear.

Inexperienced traders mostly find it hard to handle market ups and downs. They get scared and sell too quickly. On the other hand experienced traders see market corrections and dips as chances to make smart decisions. They use their expertise to make informed choices.

We can never predict the market for sure, it is not enough to rely on market forecast alone in trading. Trading using strategies like stop loss (ST), take profit (TP), portfolio management, and risk management, control is very important in trading. Never trade on emotion, trading experts never trade on emotion, they trade in a planned and organized way and they know when and how to use Stop Loss(ST). Trading should always be planned, and different correct strategies should be adopted at different times, because the same strategy will not always work for you, so the strategy should be changed according to the market conditions. And always research the market well and do trading, maintain all things and strategy vary well, only then a trader can achieve success in trading.

[satpol_PP]

that's right, even when someone starts opening a class and requires payment of a certain amount to people who want to learn, how bad is he who makes money from his class, not from his own trading skills??

trading does require many aspects to make decisions, and in my personal opinion, a professional trader is not claimed, but recognized by others from the perspective of many people...

Yes, that's a risk-free income for people who open trading classes, signals, etc., because they know that the income from selling classes like this gives stable results and many are interested.

Professional traders are recognized as not telling others that they are professional traders.
We can see how his actions and knowledge about trading and of course the profits obtained are also greater.

Usually professional traders do not open classes to share signals, strategies and traffic. They do not have time to do it all, despite the stabilizer of that.
I have never been included in a group like that because I trade by studying alone and looking for strategies with my own analysis.

[Blaze]

Usually professional traders do not open classes to share signals, strategies and traffic. They do not have time to do it all, despite the stabilizer of that.
I have never been included in a group like that because I trade by studying alone and looking for strategies with my own analysis.

Agreed, Professional traders are more concerned with their personal trades, and spend time, developing the most effective tactics and ensuring optimal gains. It is this which often makes them not to be interested in activities such as signal sharing or teaching. When we educate ourselves as well as build our knowledge and abilities then one has the leverage to build the strategies that fit into one’s trading personality. This direct experience enables us to have a feel of it, and made sharper decisions whenever there is a task to be done without necessarily consulting.