What are the key criteria needed when it comes to trading?

[Philinfa]

In my year of trading and learning we get to understand that the learning don't stop to every SL and account blown you take something away from it no matter how small it is you learn from your mistakes that's what makes you grow into a better trader.

For me personally if you don't have patience just get ready to keep failing, you have to learn to wait for your setup that you've been learning and have backtest this strategy over and over again. Having your setup and having the physiology to know when the trend is against your setup is different.

Physiology is key when it comes to trading most traders don't when to say let end the day with this trade once they've made profit they think the market is their play ground and start feeling superior to the market, I'm sorry my friend no one can be 100% sure.

I'll like to hear your thoughts on how you've been able to survive in this space as we keep learning everyday.

[TomPluz]

I have to admit that am not good yet at trading and in fact this is something that am quite afraid of to get into though I usually trade my coins/tokens in the past. At the same time, I believe that trading can be a good profession because here once you already established your skills and that innate understanding of the market you can work anytime, anywhere you want to especially in the cryptocurrency market. I said skills because without those one is better not to tackle trading but learning the skills can come with time and experience so one has to never give up in case of mistakes and hindrances. The right attitude, right understanding and right mindset towards trading can make someone be successful in this area...and one can use this tool for a lifetime with unlimited potential.

[tequilla_sunset]

Patience, resilience, and ability to adapt.
Managing the risks is also very important. Maybe the most important thing ever.

[Hatchy]

I'll like to hear your thoughts on how you've been able to survive in this space as we keep learning everyday.

Our losses in the market is more like a fee we pay to learn. Over tube you find out that these losses were meant to teach you different ways you aren't supposed to trade. Imagine a trader who started his journey, and was all in profits for that time range, he would have that feeling that the market is as simple as it seemed. Unfortunately over time he begins to hit losses and then wonder what he is doing wrong and might even give up too soon.

For me I would say, sjhg give up, learn learn learn. Forget about the profits you main goal should be on a long term understanding of the market.

[Bobcrypto]

Yeah, learning has no limit, the most experienced traders make mistakes, and mistakes are there to bring out the best strategies we never knew.
I also think that part of the losses we encountered on trading are lessons, but with much commitment, resilience, focus, set goals, patience etc, with this, there will be improvements on the long run.
Again, one of the areas to always look at for when crypto trading is re-strategizing your plans and adopting to market changes at intervals. We must not be too strict when there are market trends reversals, and there should be readiness to adjust to market realty

[LogitechMouse]

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I'll like to hear your thoughts on how you've been able to survive in this space as we keep learning everyday.

TBH, I don't even know why I keep trading despite of me losing huge amounts of money on it already. I lost more in trading than gambling itself.

I had strategies, and it had worked in the past. The problem with me is there are times where I revenge traded, and it ended up badly. Emotions really gets me always, and that causes me losses. How I've been able to survive? Hmmm, I guess my "why" is the reason is why I still trade. I mean if you lost huge money in trading already, you might think of quitting already, but not in my case... or I think of quitting, but after a few days, I go back again, and learn even more hoping that one day, I'll be a successful one.

Continuous adjustment is needed when it comes to trading. At the same time, being emotionless would be very helpful as well.

[taufik123]

basic knowledge, practice and keep learning, you have to do that because if as a beginner trader you don't know about how trading works then there will be nothing to expect.

As well as conducting analysis and research on what mistakes can occur also need to be done.
Learning how other people's mistakes so as not to get caught or be able to minimize these mistakes may be better.

There is no need to learn and make mistakes because it is now easier to get more accurate information, it's just that trading psychology cannot be trained without hands-on trading practice.

[yhiaali3]

Yes, there is a lot and a lot for traders to learn, every day you can discover something new to learn and the biggest teacher of trading is the mistakes you make, so you have to benefit from these lessons well.

I have been trading for more than 5 years and I am still learning from my mistakes until now, there is no 100% successful strategy, you have to always change your strategies and adapt according to the circumstances and variables, so when the trader feels that he has mastered everything, then failure and loss will begin.

[Mia Chloe]

In my year of trading and learning we get to understand that the learning don't stop to every SL and account blown you take something away from it no matter how small it is you learn from your mistakes that's what makes you grow into a better trader.

Many traders are actually not profitable and this is mostly because of the fact that they don't actually have a real analysis they make use of most times they are either busy trying their luck or testing out circulating strategies on some social media platforms which most times don't work.

Trading requires a lot of things and some of the major ones are analysis, capital and also a good psychology. The better your ability to balance and manage them the easier your journey.

[ZAINmalik75]

Physiology is key when it comes to trading most traders don't when to say let end the day with this trade once they've made profit they think the market is their play ground and start feeling superior to the market, I'm sorry my friend no one can be 100% sure.

I'll like to hear your thoughts on how you've been able to survive in this space as we keep learning everyday.

This practise is under estimated but keep practising the strategies and finding more ways to make analysis of the market will always open new ways to enter the market and more analysis will give us more opportunities to make profit.

No one has to be 100% perfect in their trades because we can't. We can make a predictipon on analysis base and we can stick to it for 100% gain but we don't always win that trade therefore we should set higher profits and close lower and SL should be placed to avoid 100% lose.

[milewilda]

Physiology is key when it comes to trading most traders don't when to say let end the day with this trade once they've made profit they think the market is their play ground and start feeling superior to the market, I'm sorry my friend no one can be 100% sure.

I'll like to hear your thoughts on how you've been able to survive in this space as we keep learning everyday.

This practise is under estimated but keep practising the strategies and finding more ways to make analysis of the market will always open new ways to enter the market and more analysis will give us more opportunities to make profit.

No one has to be 100% perfect in their trades because we can't. We can make a predictipon on analysis base and we can stick to it for 100% gain but we don't always win that trade therefore we should set higher profits and close lower and SL should be placed to avoid 100% lose.

The shit part of this is that whenever someone do experience up some few loses then they would really making up some conclusions that trading is hard and not something that could be learn or something on which it will really be that impossible. Mistakes are indeed just part of the process because we are still on learning phase on which its normal that there will really be those times or conditions that you will be that discourage specially if you had been that experiencing some consecutive loses and will really be that having that discouragement and this is why you wont pursue out, but for those who are really that eager or wanting to learn trading then they are the ones who do really be able to sustain.

[dekafee79]

Physiology is key when it comes to trading most traders don't when to say let end the day with this trade once they've made profit they think the market is their play ground and start feeling superior to the market, I'm sorry my friend no one can be 100% sure.

I'll like to hear your thoughts on how you've been able to survive in this space as we keep learning everyday.

This practise is under estimated but keep practising the strategies and finding more ways to make analysis of the market will always open new ways to enter the market and more analysis will give us more opportunities to make profit.

No one has to be 100% perfect in their trades because we can't. We can make a predictipon on analysis base and we can stick to it for 100% gain but we don't always win that trade therefore we should set higher profits and close lower and SL should be placed to avoid 100% lose.

I agree with you, we have to get higher profits to cover our losses because in crypto trading we don't always win. Sometimes we experience wrong analysis and strategy.
that is the function of risk and financial management so that we can get profit in all the trades we do.

[omori]

I agree with you, we have to get higher profits to cover our losses because in crypto trading we don't always win. Sometimes we experience wrong analysis and strategy.
that is the function of risk and financial management so that we can get profit in all the trades we do.

And it's okay to have a bad session here and there.
That's the point - the main thing is to have a ratio of good trades bigger than the bad ones and to manage risks accordingly.
Trading is about adaptation and there is much to learn in each aspect of it.

[albon]

Controlling your emotions inside the trading management is more important. Because the unstable mental state can prevent the decision of making process. There is a time where you suddenly will be harmed and it is time you can to lose money. So learn how to control your emotions and desires.

Moreover, learn from your mistakes because there are many people who cannot learn even after making mistakes. Then analyzing and working on mistakes are the most important part of a successful trading. Use only for trading whose losses will not create any deficit in the family budget.

[ajiz138]

Controlling your emotions inside the trading management is more important. Because the unstable mental state can prevent the decision of making process. There is a time where you suddenly will be harmed and it is time you can to lose money. So learn how to control your emotions and desires.

Moreover, learn from your mistakes because there are many people who cannot learn even after making mistakes. Then analyzing and working on mistakes are the most important part of a successful trading. Use only for trading whose losses will not create any deficit in the family budget.

Talking about this, we will not be far from also talking about knowledge. Because whatever it is, be it emotional control, risk and financial management to technical and fundamental analysis, we will not know all of that without knowledge.

So the emphasis here is whether we are ready to learn or not. That is the thing that I think is most important before actually trading or anything else.