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

[sampoerna]

AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.

Of course, without knowledge, we are like we have no grip, we will be blind to what we will do. and of course, the risk will be much higher if there is no knowledge at all. because, this will also affect how we act to prepare trading carefully, thoroughly, seriously, disciplined, strategy and also various other things related to crypto trading.

[LUCKMCFLY]

In investing we must be able to control our emotions, because sometimes bad emotions make us suffer and experience losses. That's why we must be able to make the right analysis and always be consistent with the targets and plans that we have prepared. Panic will also make us not focus on making decisions, so stay calm and always think before acting.

I have always said that things when it comes to Investment are Better, yes , Investment will always favor everything, because you have to be very Patient ,  wait, and not be Stuck there Watching, just follow what one invests because that is what you have,  however things are Different now , there are many investment options, in BTC it is always best to look for a way to leave it there in hodl mode , there we will never regret it, in market speculation mode we must manage the Market very well to win, it does not matter how little it is, the important thing is to win.

[bayu7adi]

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.

Is there anyone who actually chooses option number one??? Although it sounds unwise, there are actually those who choose it... some people who have very tough jobs of course prefer to switch to more promising jobs with the guarantee that they cannot profit from the decisions they make... this is indeed a bit risky, considering that some people will still want to maintain the security of their monthly money without wanting to risk the chosen thing... whereas by risking something that already exists, it also opens up greater opportunities to achieve new opportunities..

So, the first choice is actually a very wise choice... starting to shift focus to something more promising is realistic... and it can be said to be a big step to start a change..

[Mr. Magkaisa]

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.

      -      It probably depends on the situation of a trader who started in the trading business of the crypto space. If a trader has a job and is doing this trading in crypto part time and making money, if I were in this situation, if I were to get x5 of my salary from work, if I get passive income from trading, I would really let go of my job.

Of course, before reaching that disposition, I would have saved my savings somehow, and I would have been able to invest in real estate anyway, because it really depends on the discipline of an individual trader.

[rizqillah]

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.

      -      It probably depends on the situation of a trader who started in the trading business of the crypto space. If a trader has a job and is doing this trading in crypto part time and making money, if I were in this situation, if I were to get x5 of my salary from work, if I get passive income from trading, I would really let go of my job.

Of course, before reaching that disposition, I would have saved my savings somehow, and I would have been able to invest in real estate anyway, because it really depends on the discipline of an individual trader.

To be able to earn 5 times our salary by trading, we can be said to be professional traders and this takes a long time and of course large capital. I have not reached that level, because my income from trading is still small, I am not an expert in trading.

[Dr.Bitcoin_Strange]

To be able to earn 5 times our salary by trading, we can be said to be professional traders and this takes a long time and of course large capital. I have not reached that level, because my income from trading is still small, I am not an expert in trading.

So at this point of your trading career, what will be your strategy, or in what order will you arrange them.

Anyways, this question is specifically for those who are already professional traders and are already successful in trading.

[LUCKMCFLY]

The areas in which we give advice to others, we must first use it on ourselves, improve ourselves, help ourselves to be successful. Then if our advice is correct, then later I can share it with everyone or make others interested in learning something.

We all want to do something good and show it to everyone, we work hard with the hope that we will do something good and show it to everyone. And keeping our parents happy is a big dream of ours, so we have to try to fulfill that dream.

Many of the things that we advise, or at least I do, and I have experienced them, You could say that they are from my own experience, it is not because they are made up or Anything , I have also read some things that others have published and I find them interesting , One shares them, because it is always good that others do not fall into the same mistakes as one does , that way they lose Less money and keep a little more to be able to be successful, Sometimes Experiences are what make us wiser.

[LogitechMouse]

      -      It probably depends on the situation of a trader who started in the trading business of the crypto space. If a trader has a job and is doing this trading in crypto part time and making money, if I were in this situation, if I were to get x5 of my salary from work, if I get passive income from trading, I would really let go of my job.

Of course, before reaching that disposition, I would have saved my savings somehow, and I would have been able to invest in real estate anyway, because it really depends on the discipline of an individual trader.

Let's take note that there's no such thing as "PASSIVE INCOME" when it comes to trading. In order for you to be profitable in it, you need to be ACTIVELY TRADING hence, it isn't considered a passive income. As for x5 of your current work salary, I would say that it's a good thing. I mean if you're one month of salary from your work is enough to sustain your family, even if you have some bad months, you will still end up in profit. You just need to sustain it though.

[milewilda]

To be able to earn 5 times our salary by trading, we can be said to be professional traders and this takes a long time and of course large capital. I have not reached that level, because my income from trading is still small, I am not an expert in trading.

So at this point of your trading career, what will be your strategy, or in what order will you arrange them.

Anyways, this question is specifically for those who are already professional traders and are already successful in trading.

When it comes to the point that you have known or able to obtain out that trading skills then this is something that will you be able to obtain in a short period of time. This is where you would really be needing up that proper time and effort on how you would gonna deal up with this market  on which this isnt something that you can be able to ignore on which considering on the potential that it gives then this is why people will really be that having that kind of positivity in towards on how they would really be able to handle out and learn this kind of specific skill. On the time or the moment that you will really be that trying out to trade and made out profits on a consistent manner then this will really be a life time opportunity on which it could really be able to changed up your life, but we do know that not all will really be able to succeed out with this one but doesnt mean that it would be impossible.

[B@@@]

After I become successful in trading, I have many more things to do. The most important thing I need to do is take care of my older parents. After that, I will think about other things.

On the time or moment that im becoming that profitable with trading and since i do have my own family then i would really be prioritizing my own family and giving them all the needs and everything and of course our own parents will really be that in next on trying out to give them the best thing on what they havent been able to experience before. I would really be glad that would really be coming int a point that you would be able to give everything that you can as our parents are the ones or reasons on why we are existing into this world. They might not be perfect but we wont be existing not because of them. So it is really just that right that you should be looking for them specially when they become that older and cherish out the remaining time or moment.

When trading, try to hold on as long as possible. Can you explain this to me a little more clearly? Does this mean that I will make a profit initially, but will have to face losses later?

[alltalk]

When trading, try to hold on as long as possible. Can you explain this to me a little more clearly? Does this mean that I will make a profit initially, but will have to face losses later?

Who said "holding as long as possible"? 
You replied milewilda's post but he looked like never said that. TBH, it is a bit confusing.

Everyone who hold or trade crypto coins, they must have the target. If you reach the target, why don't you take profits, right? I'm sure there is no term that we must hold as long as possible. We only hold the coins until it reaches the target!

[LUCKMCFLY]

because emotional control is very important when trading.

Well, I think that one of the things that is most difficult is emotional control, that is something that is still very difficult for me, however, as I know that this is something that takes a lot of work, I have devised the best way to control this from a very superficial perspective , and that is with money If I control money, then I automatically control my emotions with Something that is very precious and that is discipline. By having discipline and control of money, I control Emotions immediately.

[Joeboy]

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 will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.

[LogitechMouse]

In learning trading we can read books, watch videos and follow what seniors share in forums or telegroups.
We can do everything to have knowledge about trading. Always practice making analysis, formulating strategies and keep controlling emotions. because emotional control is very important when trading.

We can do everything that you said. Read books, watch videos and follow our mentors, but if we aren't learning from our experience, it's pretty much useless.

Like what they are saying. "Experience is the best teacher." and that can be applied on trading because I believe that the more experience you have, the better the decisions you can make in your future trades. Just look at those traders out there who are spending years trading and trading, and even though they aren't earning for years, they are still continuing to trade because they are gaining experience.

For me, experience matters in trading. Controlling your emotions? Formulating Strategies? You can learn all of them as long as you have the experience because you will know what to do from there.

[Dr.Bitcoin_Strange]

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 will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.

Well, your idea is good. I like how your compared your income from the job to the income you will make from trading. If you monthly income from your job is way much higher than the profits you are getting from trading, you don't have to quit your job. If your job is also time consuming, you just have to derive a means to still manage it with the trading until your trading is is more consistent that you are making a higher amounts every month and the amount you by far surpass your salary.