When you are becoming successful in trading what will you do first?

[ajiz138]

It's okay to dream, but we also have to see what we have done to achieve that dream. Don't just dream but don't do anything.

Sometimes something we can achieve comes from the dreams we create. So it can be a very big thing, but it must be accompanied by doing whatever it takes to achieve that dream, don't just stay silent.

Of course dreams don’t actualize themselves, it takes more than just dreaming and planning to achieve success, yes dreaming and putting plans in place is good and very necessary, because without those, it’s impossible to have set the goals and when the goals are not set, achieving success becomes impossible because you may not even know where to start. So it’s crucial to have dreams and also put plans in place on how to actualize those dreams.

"where to start", well this is something that often happens. Yes, some people are confused about where to start and that sometimes makes things complicated.

Therefore, we also have to learn a lot, from books, other people's experiences and so on, so that we can make long-term plans with the goals that we have set at the beginning. That is very important, because with a plan, what we do can be controlled well.

[omori]

"where to start", well this is something that often happens. Yes, some people are confused about where to start and that sometimes makes things complicated.

Therefore, we also have to learn a lot, from books, other people's experiences and so on, so that we can make long-term plans with the goals that we have set at the beginning. That is very important, because with a plan, what we do can be controlled well.

Knowledge => practice => expertise.
One comes after another.

[Chilwell]

Thank you very much for your unbelievable and unexpected question in this time. I will be retire my parents must at first. Because I think that they would be old person in this time, so I believe that if we can get retire them I think that it will be very happy moments for me. Because when they would have young, they are trying to happy to me in the every step of our life. So I believe that it will be correct decision for me. But if we don't understand how to earn best profit from trading, then we must losses from cryptocurrency market.

Yes, I understand your point of view, but I want you to know that when someone has a lot of money, they can get confused about how to use it. This is especially true for successful traders, who may face difficult decisions. To avoid making wrong choices, it's essential to think calmly and consider the future implications of your decisions. Becoming successful in trading doesn't mean you should quit your job. Trading is complicated, and success can be unpredictable. Instead of relying solely on trading, continue working and diversify your income streams.

It's also important to consider your family's financial situation. If your parents are able and willing to work, don't advise them to quit their jobs just because you've been successful in trading. Remember that trading involves both profits and losses, so make informed decisions and plan for the future.

[Dr.Bitcoin_Strange]

"where to start", well this is something that often happens. Yes, some people are confused about where to start and that sometimes makes things complicated.

Therefore, we also have to learn a lot, from books, other people's experiences and so on, so that we can make long-term plans with the goals that we have set at the beginning. That is very important, because with a plan, what we do can be controlled well.

I don’t know for sure, but people tend to say that that best plans always comes when the resources are not currently available to execute those plans, and when the resources are suddenly available, it’s like the plans and all that stuffs just disappears (for some people). Although I find this to be true to an extent though, and that’s why it’s essential to always remember the first and initial plans that one had before they achieved that status. And just like you rightly said, when we get to remember these plans at all time, we get to make more better choices.

[ajiz138]

"where to start", well this is something that often happens. Yes, some people are confused about where to start and that sometimes makes things complicated.

Therefore, we also have to learn a lot, from books, other people's experiences and so on, so that we can make long-term plans with the goals that we have set at the beginning. That is very important, because with a plan, what we do can be controlled well.

I don’t know for sure, but people tend to say that that best plans always comes when the resources are not currently available to execute those plans, and when the resources are suddenly available, it’s like the plans and all that stuffs just disappears (for some people). Although I find this to be true to an extent though, and that’s why it’s essential to always remember the first and initial plans that one had before they achieved that status. And just like you rightly said, when we get to remember these plans at all time, we get to make more better choices.

Sometimes some people have considered themselves to have done planning, but in fact they have not. At least that's what I felt when I first got to know this space. It wasn't planning but it came from emotions that were formed because they wanted to get profit quickly.

Facing something like this, honestly I have to have a level of self-awareness, because in the end, self-evaluation becomes a very important thing.

[albon]

Initially trading will never be a specific income because there will be calculations of profit and loss. whenever your trading strategy goes to the profit more than damage then you can fulfill your dream with that profit. Anyway coming to your question, if i become a smart trader means all my trading strategies are only for profit then i will quit my job and just trade. Whenever i earn a lot of funds from trading then i will buy houses, cars, it is natural. Personally i save a large amount part of my profits for the future.

[Dr.Bitcoin_Strange]

Sometimes some people have considered themselves to have done planning, but in fact they have not. At least that's what I felt when I first got to know this space. It wasn't planning but it came from emotions that were formed because they wanted to get profit quickly.

Facing something like this, honestly I have to have a level of self-awareness, because in the end, self-evaluation becomes a very important thing.

I completely get the point you’re trying to make, but then again, I still believe that having a solid plan is very crucial, yes self evaluation is also very important as this also helps you to revisit your initial plans and possibly make some necessary improvements and readjustments in order to make it more effective.

Of course no one can actually plan enough, because you likely do not know what the future holds, but then again you can’t just leave everything to happen on its own, sometimes you make things happen too, and how can you do that when you don’t have a target?
It’s true one cannot plan enough, but one should at least attempt to, then as you proceed, you can do some self evaluations and possibly revisit those plans an put it in a more better shape.

[rizqillah]

Initially trading will never be a specific income because there will be calculations of profit and loss. whenever your trading strategy goes to the profit more than damage then you can fulfill your dream with that profit. Anyway coming to your question, if i become a smart trader means all my trading strategies are only for profit then i will quit my job and just trade. Whenever i earn a lot of funds from trading then i will buy houses, cars, it is natural. Personally i save a large amount part of my profits for the future.

Trading is not something easy because it requires skills in making the right strategy.
I have been learning trading for a long time and have not dared to quit my job because in trading I do not always profit, I sometimes experience losses.

[albon]

Initially trading will never be a specific income because there will be calculations of profit and loss. whenever your trading strategy goes to the profit more than damage then you can fulfill your dream with that profit. Anyway coming to your question, if i become a smart trader means all my trading strategies are only for profit then i will quit my job and just trade. Whenever i earn a lot of funds from trading then i will buy houses, cars, it is natural. Personally i save a large amount part of my profits for the future.

Trading is not something easy because it requires skills in making the right strategy.
I have been learning trading for a long time and have not dared to quit my job because in trading I do not always profit, I sometimes experience losses.

One of the most important challenges traders face is managing their emotions. Fear and greed drive many trading decisions. They can cloud your judgment and impair your ability to make rational decisions. Personally i myself have not yet been smart from trading so the amount of loss is always in my bag. I am afraid of losing money myself so i can't trading with big funds even if they want. But i would like to be a successful trader that is a big challenge.

[ajiz138]

Sometimes some people have considered themselves to have done planning, but in fact they have not. At least that's what I felt when I first got to know this space. It wasn't planning but it came from emotions that were formed because they wanted to get profit quickly.

Facing something like this, honestly I have to have a level of self-awareness, because in the end, self-evaluation becomes a very important thing.

I completely get the point you’re trying to make, but then again, I still believe that having a solid plan is very crucial, yes self evaluation is also very important as this also helps you to revisit your initial plans and possibly make some necessary improvements and readjustments in order to make it more effective.

Of course no one can actually plan enough, because you likely do not know what the future holds, but then again you can’t just leave everything to happen on its own, sometimes you make things happen too, and how can you do that when you don’t have a target?
It’s true one cannot plan enough, but one should at least attempt to, then as you proceed, you can do some self evaluations and possibly revisit those plans an put it in a more better shape.

You are right about this, even though we have planned something carefully, it does not mean that the planning can run according to what is desired, one of the things that affects it is the future that cannot be predicted, especially if it is related to a very volatile market.
We must have at least 1 plan that can be a backup when unwanted things happen.

[Dr.Bitcoin_Strange]

You are right about this, even though we have planned something carefully, it does not mean that the planning can run according to what is desired, one of the things that affects it is the future that cannot be predicted, especially if it is related to a very volatile market.
We must have at least 1 plan that can be a backup when unwanted things happen.

Exactly.
Humans lack the ability to accurately predict future occurrences, we may only design a particular outcome that we desire in our mind, and then plan towards actualizing those plans, but there’s actually no guarantee that those plans can actually happen according to how we planned them, and that’s why it’s very important to have a backup plan so just incase those initial plans fail.

[dekafee79]

You are right about this, even though we have planned something carefully, it does not mean that the planning can run according to what is desired, one of the things that affects it is the future that cannot be predicted, especially if it is related to a very volatile market.
We must have at least 1 plan that can be a backup when unwanted things happen.

Exactly.
Humans lack the ability to accurately predict future occurrences, we may only design a particular outcome that we desire in our mind, and then plan towards actualizing those plans, but there’s actually no guarantee that those plans can actually happen according to how we planned them, and that’s why it’s very important to have a backup plan so just incase those initial plans fail.

good advice, we should have a backup plan if the main plan fails. And I agree with you, no one can predict accurately, that's why research and analysis are needed in crypto investment, even though it can't be 100% accurate, at least it's close to accurate and we can get profit.

[Dr.Bitcoin_Strange]

good advice, we should have a backup plan if the main plan fails. And I agree with you, no one can predict accurately, that's why research and analysis are needed in crypto investment, even though it can't be 100% accurate, at least it's close to accurate and we can get profit.

Indeed, conducting one’s own research in the crypto space is an advice that is always given out to people. We are advice to conduct some researches, not because it’ll make us to tell future outcomes, but simply to make us see and bring to light certain facts we would’ve actually seen from a distance view, thereby helping us to come up with a more realistic solution and decision to that current situation.

[ajiz138]

You are right about this, even though we have planned something carefully, it does not mean that the planning can run according to what is desired, one of the things that affects it is the future that cannot be predicted, especially if it is related to a very volatile market.
We must have at least 1 plan that can be a backup when unwanted things happen.

Exactly.
Humans lack the ability to accurately predict future occurrences, we may only design a particular outcome that we desire in our mind, and then plan towards actualizing those plans, but there’s actually no guarantee that those plans can actually happen according to how we planned them, and that’s why it’s very important to have a backup plan so just incase those initial plans fail.

I also get used to at least preparing for the worst case scenario that I will face. Sometimes we forget that bad things can happen, so we usually ignore them because we don't pay much attention to them.

Even though this is also very important to do. Not hoping for bad things to happen, of course we don't want something like that to happen. But at least we are ready for everything that will happen.

[bhadz]

Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?

Options for my question are:

1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.

I am fortunate that my parents have their own house already. So, I can focus on other things for myself. I'll buy a house and then have it rented and will repeat it for many times. I won't quit my job, I'll continue working on it because I have been used to it and these things have been what I like to do. In current times, it's hard to rely on one source so if I happen to become successful with trading and even in investing, that's what I will do and also will enjoy some.