What are the main things to keep in mind while trading

[sampoerna]

When you are just about to start trading, what are some things to consider?
Maybe this can help, some of them, because there will definitely be many other tips that must be considered.

1. Readiness for trading
especially knowledge for trading, related to how to analyze technically and fundamentally, this is important. because trading is not gambling.

2. Readiness of money,
don't use your daily money for trading, this is risky and you will lose your money.

3. Mental and emotional readiness
This is not only before trading, but also during trading and after, the emotional demand in trading is very high, that's why many people are stressed and depressed and end up panicking and cutting their trading losses with very large losses.

4. Current market analysis
This is related to the above capabilities, but this is how alert we are and our readiness in various market conditions that can suddenly change drastically. We also need sudden analysis calmly and not in a hurry.

5. Oh yeah, what coins we choose, and the pairs also have an effect. At least we understand that the coin is not a hype coin or a coin that is easy to rugpull

some adapted from this
https://tradesanta.com/blog/7-crypto-trading-rules-for-beginners

[Azharul]

The most important basic knowledge of trading, technical analysis and fundamentals, If a trade is made without analysis they are only guessing by their feelings, not by reading the charts and how the fundamentals occur.

If you don't have basic knowledge, then don't trade, it will only cause losses because you don't know when to enter and when to exit.

Not only that, management also needs to be done to make trades according to the strategy and not make trading a waste of money.

I am also agree with your comment. Because we know that trading is one of the best earning way for you, if you could understand easily in cryptocurrency market. Because without knowledge you could not get best profit from trading. So i think firstly you should control your emotions. Because it will be best profitable source for you, and starting your trading you should take little profit for trading. When you open trading you must need to know understanding in cryptocurrency market. Than i believe that it will be best profitable for you.

[pieppiep]

The most important basic knowledge of trading, technical analysis and fundamentals, If a trade is made without analysis they are only guessing by their feelings, not by reading the charts and how the fundamentals occur.

If you don't have basic knowledge, then don't trade, it will only cause losses because you don't know when to enter and when to exit.

Not only that, management also needs to be done to make trades according to the strategy and not make trading a waste of money.

I am also agree with your comment. Because we know that trading is one of the best earning way for you, if you could understand easily in cryptocurrency market. Because without knowledge you could not get best profit from trading. So i think firstly you should control your emotions. Because it will be best profitable source for you, and starting your trading you should take little profit for trading. When you open trading you must need to know understanding in cryptocurrency market. Than i believe that it will be best profitable for you.

Exactly, Understanding markets is the primary potential to try to do success within the business, particularly in the trendy trading of cryptocurrencies. By having detailed information and the capacity to understand shifts within the market, it means we can mitigate risk associated with it. Emotional regulation while trading is very significant, due to the reason that emotions act as a hindrance towards transformative actions. If we aim at a particular measured approach and do not let emotions drive us, then the probability of making a profit will be higher.

Also, starting with small and gradual changes is a wiser method to evaluate the efficiency of particular approaches and improve our insight into the crypto market. Making profits little by little help us be ready to learn from experience we get without the risks getting out of hand. With proper discipline and a proper understanding of the market direction we can be far more confident in every trade decision that we take and this can only lead to us achieving the best results.

[luckyledger]

The most important basic knowledge of trading, technical analysis and fundamentals, If a trade is made without analysis they are only guessing by their feelings, not by reading the charts and how the fundamentals occur.

If you don't have basic knowledge, then don't trade, it will only cause losses because you don't know when to enter and when to exit.

Not only that, management also needs to be done to make trades according to the strategy and not make trading a waste of money.

I am also agree with your comment. Because we know that trading is one of the best earning way for you, if you could understand easily in cryptocurrency market. Because without knowledge you could not get best profit from trading. So i think firstly you should control your emotions. Because it will be best profitable source for you, and starting your trading you should take little profit for trading. When you open trading you must need to know understanding in cryptocurrency market. Than i believe that it will be best profitable for you.

It's the mix of expertise, knowledge, responsibility, and only a small bit of luck that pushes the trading from just tickers going up and down to a real deal. When you combine all the factors at stake, you do understand how important each one of them is, and it's beautiful, in a way only a person who clicks on it can understand from his perspective.

[taufik123]

Technical and fundamental analysis is basic knowledge in trading and we must learn it in order to become a professional trader, because we cannot always rely on luck or follow others. Conducting analysis and reading market movements is very important, we also have to learn many other things. It takes a long time to learn trading and of course we also often experience defeat when we first learn to trade, and that is common for newbies

The science of trading is indeed quite complex and has a lot to learn, but when one has studied it and continues to practice and understand how the crypto market works, it will be a very reliable science.

There is no need to be a professional, it takes time.
Simply by practicing trading, it will be a good experience, applying how the knowledge learned with the strategy that has been made.

I even studied trading science for many years and still don't consider myself a professional, I am just a student who needs to learn a lot.

[Crypto Library]

While trading in Crypto Market, it is necessary to know what the investment has been made in. Then we should pay attention to the topics that it is worth holding or not. On the trading chart, the market goes up and down in one second and we know that.falls
Apart from that, is there anything else to consider??

The most important thing to keep in mind while trading is that the trade or investment cannot control his emotions. What I mean is that the trader can control his emotions.
For example:
Let just imagine you made today 100$ trad and make profit of 10$ and let also imagine you loss 5$ on tomorrow and here you have to have the control on emotion which will not make you excited for the win and the loss also. And it is the most important thin in trading after even then you are a expert analyst or a professional trader.

[JISAN]

While trading in Crypto Market, it is necessary to know what the investment has been made in. Then we should pay attention to the topics that it is worth holding or not. On the trading chart, the market goes up and down in one second and we know that.falls
Apart from that, is there anything else to consider??

One thing that must always be kept in mind while trading is that there must be an ability to accept losses when trading.  And have the patience and ability to do a lot of analysis.  Because there are thousands of coins in the market, you need to find the coin from which you will get the fastest profit.  But if one wants to invest for long term then DCA method must be followed as there will be less risk of major loss. But good amount of profit is possible without taking high risk from here.

[Rruchi man]

Apart from that, is there anything else to consider??

I think every new trader in cryptocurrency should properly consider risk management because traders who really know and keep in mind that Risk management is a necessary aspect of trading, and always considering the risks to reward ratio will always make proper trading decisions and ensure that a trader does not make decisions impulsively or uncalculatedly. 

it will be beneficial to keep in mind that one bad trading decision can blow your account.

[JoyMarsha]

Don't be greedy and take little profits when you are opportune. Always know how to control your emotions and don't open a trade when you don't understand the market. Use stop loss to control your losses, and lastly, only trade with the amount of money that you can afford to lose.

Wonderful. This is exactly what I was expecting OP, to hint to us about what one should keep in mind when trading than not saying anything in regards to that.

However, trading comes with many kinds of stuff to stay away from, if someone wants to be successful in it. Like someone who's greedy person, trading a big no for them. Learning how to control your emotions is very important and trading with the amount you can afford to lose is very necessary.

Having the mentioned advice in mind would help someone who wants to start trading or is already trading. Atleast it would help in their trading wins, and cut down their losses that could have affect their finances

[legend45]

Apart from that, is there anything else to consider??

I think every new trader in cryptocurrency should properly consider risk management because traders who really know and keep in mind that Risk management is a necessary aspect of trading, and always considering the risks to reward ratio will always make proper trading decisions and ensure that a trader does not make decisions impulsively or uncalculatedly. 

it will be beneficial to keep in mind that one bad trading decision can blow your account.

Yes, in trading we must learn risk management, because if we can control the risks in trading it will minimize losses.
Trading is something that requires knowledge, experience, skills and good risk management and emotional management abilities.
We must learn about all of that in order to become a professional trader.

[royalRitta]

Apart from that, is there anything else to consider??

I think every new trader in cryptocurrency should properly consider risk management because traders who really know and keep in mind that Risk management is a necessary aspect of trading, and always considering the risks to reward ratio will always make proper trading decisions and ensure that a trader does not make decisions impulsively or uncalculatedly. 

it will be beneficial to keep in mind that one bad trading decision can blow your account.

Yes, in trading we must learn risk management, because if we can control the risks in trading it will minimize losses.
Trading is something that requires knowledge, experience, skills and good risk management and emotional management abilities.
We must learn about all of that in order to become a professional trader.

And doing it all consistently as well.
Responsibly advancing through different landscapes on the market would bring you success in the long run.
And many things besides what you mentioned should be learned in order to be in charge.
And enter positions correctly.

[LUCKMCFLY]

I am also agree with your comment. Because we know that trading is one of the best earning way for you, if you could understand easily in cryptocurrency market. Because without knowledge you could not get best profit from trading. So i think firstly you should control your emotions. Because it will be best profitable source for you, and starting your trading you should take little profit for trading. When you open trading you must need to know understanding in cryptocurrency market. Than i believe that it will be best profitable for you.

Emotions are something that will always harm us in trading, I have experienced them myself and what sometimes saves me is my own discipline, because my discipline allows me to say that I go up to a certain point with my money willing to lose, but if I do not have that discipline I would continue spending my balance and most likely I would do it uncontrollably until I lose a lot, some traders lose everything in its entirety and that is why sometimes it causes addiction and many losses, and that is what we must avoid.

[dekafee79]

I am also agree with your comment. Because we know that trading is one of the best earning way for you, if you could understand easily in cryptocurrency market. Because without knowledge you could not get best profit from trading. So i think firstly you should control your emotions. Because it will be best profitable source for you, and starting your trading you should take little profit for trading. When you open trading you must need to know understanding in cryptocurrency market. Than i believe that it will be best profitable for you.

Emotions are something that will always harm us in trading, I have experienced them myself and what sometimes saves me is my own discipline, because my discipline allows me to say that I go up to a certain point with my money willing to lose, but if I do not have that discipline I would continue spending my balance and most likely I would do it uncontrollably until I lose a lot, some traders lose everything in its entirety and that is why sometimes it causes addiction and many losses, and that is what we must avoid.

Bad emotions like greed will make us lose and the discipline you do is right because with discipline and always consistent with the strategy and plan we can achieve the target we want and stay away from greed.
because I used to lose the opportunity to sell and make a profit because I held back to get a higher profit, it turned out that I ended up losing.

[SamReomo]

When you're trading the most important thing you should keep in your mind is to only trade those assets that are not so volatile and the ones with higher market cap. Those are less risky and can form new ATH as compare to low demand ones.

[LogitechMouse]

Re: What are the main things to keep in mind while trading

1. Your strategy.
2. What's happening online.
3. What the charts are implicating
4. The sentiments of the investors.

These are just 4, but I'm sure those expert traders have more to consider whenever they're trading. That's the reason why only a few traders are becoming successful, and there are some who just prefers to copy trade other expert traders out there. Just to add as well, focus on learning as well.