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

[Findingnemo]

"Buy low and sell High", is the very basic strategy of trading and every strategy we construct works along with it so it can be anything like deep technical analysis using reliable indicators or simply go with the fundamental analysis but at the end of the day you need to make profits and better don't sell before that. But we also find ourselves in the liquidation of altcoins which is inevitable and we can't really do anything to stop it.

[sampoerna]

Indeed, experience is a very valuable thing in crypto trading. because from experience, both good and bad, will make us more aware and understand what we should do next, whether to change the strategy, or change a little strategy, or make adjustments, or just stay because it is considered in accordance with the results.

Now this evaluation process will affect the actions taken next. For me personally, I always look at how the FA and TA aspects are, then, with that, it usually moves on to indicator analysis, and others. and yes], patience is one of the most important key factors.

[Alone055]

Indeed, experience is a very valuable thing in crypto trading. because from experience, both good and bad, will make us more aware and understand what we should do next, whether to change the strategy, or change a little strategy, or make adjustments, or just stay because it is considered in accordance with the results.

Now this evaluation process will affect the actions taken next. For me personally, I always look at how the FA and TA aspects are, then, with that, it usually moves on to indicator analysis, and others. and yes], patience is one of the most important key factors.

Nowadays, we see a lot of people posting screenshots of their losses on social media platforms or even in exchanges where you can make posts, such as in Binance, where people post in the feed. The main reason behind these losses is that there is a common misconception among newbies that earning money from futures trading is easy, and this misconception makes them enter the market without proper knowledge or prior experience, and they start making trades with high leverages while going with their guts.

People need to understand that trading doesn't work that way, if you want to go with your gut feelings then you should be in a gambling platform and not an exchange because gambling might serve you better since you might hit a lucky spin and get some money back but in trading you will most likely lose everything without any gains.

[Mr. Magkaisa]

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.

            -     Even though I admit that I am still far from the level of being a trading expert, I do have an idea and know a little about the basics of trading.
 
And you are right that if we just have the right understanding and the right mindset, it can help us be successful in the end.It's up to us what else we should add to help us achieve the trading success we want to achieve in the future. Just keep learning and don't stop.

[ZAINmalik75]

consistent but not accompanied by proper risk and financial management will also make us lose. so you are right, in our consistency in trading we must have the right knowledge and analysis in order to make a profit.
so we can be consistent in making a profit.
Trading requires experience and knowledge that makes a trader have skills in trading. We must always be consistent in practicing.

I forgot to mention sometimes we should stop, and that is necessary because there are times when the market is not in our favor and we have to stop trading if we don't, we would just be losing money, and that is not good.

Over-trading should not be confused with consistency because that is another thing we should avoid, and calling it consistency is not good. Because when we overtrade we make profit and lose more, therefore, controlling our emotions and finding peace with loss even if we have to stop the trade for now should be our characteristic.

[LUCKMCFLY]

Trading is a skill that requires constant learning making it more like a profession than just a hobby. Mistakes can happen even with experience but the key is to analyze them and adapt. A strong strategy, risk management and discipline are essential for long term success. While profits aren't guaranteed, treating trading professionally increases the chances of consistent growth.

Trading will always bring both things, profits and losses, but there is something that must be maintained or at least always made to be fulfilled, and if it is not fulfilled, then there is something that must be corrected and until it is corrected , one should not operate any more, and it is simple, the income must be greater than the losses, because otherwise we are not seeing trade in the right way, we are seeing it in a very wrong way and everything will turn out very badly for us.

So that is what must always be considered, not being part of the statistics.

[enwi]

Trading is a skill that requires constant learning making it more like a profession than just a hobby. Mistakes can happen even with experience but the key is to analyze them and adapt. A strong strategy, risk management and discipline are essential for long term success. While profits aren't guaranteed, treating trading professionally increases the chances of consistent growth.

Trading will always bring both things, profits and losses, but there is something that must be maintained or at least always made to be fulfilled, and if it is not fulfilled, then there is something that must be corrected and until it is corrected , one should not operate any more, and it is simple, the income must be greater than the losses, because otherwise we are not seeing trade in the right way, we are seeing it in a very wrong way and everything will turn out very badly for us.

So that is what must always be considered, not being part of the statistics.

In every trading transaction, there is always a gain or a loss that a trader has to bear. The key is to ensure that the profit surpass the losses level and this can only be achieved through proper management. If the situation is not to our surprise, it will be appropriate to analyse the actions that have been made before going back to trading. It is stated that trading without making sure that the strategy is valid is dangerous and only leads to increased losses. It is impossible simply tag along or make it a practise without measurement each time likewise. Any action to be implemented must not be on the basis of the hope. If things are not progressing properly then it is better to take a pause for a whereas, correct own’s concepts and make sure that each further push is made on a comparatively stronger ground.

[Mr. Magkaisa]

"Buy low and sell High", is the very basic strategy of trading and every strategy we construct works along with it so it can be anything like deep technical analysis using reliable indicators or simply go with the fundamental analysis but at the end of the day you need to make profits and better don't sell before that. But we also find ourselves in the liquidation of altcoins which is inevitable and we can't really do anything to stop it.

      -       Yep that's the basic things at least they should know especially if they are only a beginners. It's easy to understand and the only difficult thing to do
is reading the chart or doing technical and fundamental analysis.

That's because of those two things that many traders fail to do when they themselves do the actual analysis of the coin they are trading,
regardless of the exchange they are using.

[LUCKMCFLY]

Success or failure in trading depends on each person's ability to make analysis and develop the right strategy.
Trading is a profession, so we have to do it professionally in order to achieve the profit we are targeting.
I agree with people who say that becoming an expert in trading takes a long time.

Yes, trading is a fact that is considered something for professionals, they have a lot of knowledge, I would put it in the field of science, because it is very complete, however this is something that can be very good when it is treated as a professional, since as I have said, I consider that a professional trader is when he is able to move at least $1M, in that sense I consider a person to be a professional trader.

And yes, to become successful I consider that it takes time and Study, apart from having the corresponding experience.

[milewilda]

Trading is a skill that requires constant learning making it more like a profession than just a hobby. Mistakes can happen even with experience but the key is to analyze them and adapt. A strong strategy, risk management and discipline are essential for long term success. While profits aren't guaranteed, treating trading professionally increases the chances of consistent growth.

Trading will always bring both things, profits and losses, but there is something that must be maintained or at least always made to be fulfilled, and if it is not fulfilled, then there is something that must be corrected and until it is corrected , one should not operate any more, and it is simple, the income must be greater than the losses, because otherwise we are not seeing trade in the right way, we are seeing it in a very wrong way and everything will turn out very badly for us.

So that is what must always be considered, not being part of the statistics.

Trading could really that incur loses and winnings on which it will really be that up to you on how you do make up such adjustment or on how you would really be able to go with the flow in speaking about market volatility on which this isnt really that could really be predicted on where it would really be that heading. When you do make up some trading they key criteria will really be that common or something which is really that known.

1. Good emotion handling
2. Good  risk maangement
3. Skills on TA/FA analysis
4. Make Plan B's when A's do fail out.

We cant be that perfect traders but doesnt mean that we will really be that following even with these basics and the rest of skills
will be that known along the way.

[LUCKMCFLY]

I think what your experience in trading has proven is real that in the end, many cannot control themselves to continue chasing things that have been done with bad results but continue to do them again.
Very wise advice from you that it is not right to continue chasing losses that have been made and trying to take them back and usually, as you experienced that, it will not happen and you will lose again.

yes it is, in fact many of those decisions I made because of the helplessness of waiting and nothing good came out of it, sometimes one operates out of pure rage or something, and that is something that should be avoided, I know that this has happened to many, maybe it has worked out for some, but it is something that should not be done, we as humans make mistakes, but when it comes to things that have to do with money, we should be a little smarter, more intelligent and stop so as not to lose, and as many times stop and not continue than continue and lose.

[DavetJack]

If we first enter into trading, we need to know the basic principles. Before we start trading, we need to have a lot of ideas about trading, we need to gain a lot of knowledge about trading and along with this, we need a lot of patience. Most of those who have this patience can be successful in trading. Because trading basically requires patience and time, if we trade for short periods of time, we cannot be very profitable, but if we trade for long periods of time, then we have a chance of being very profitable. What we are basically talking about is that we first need to gain knowledge about trading, we need to know about the market, because if we do not know these, then we will never be profitable in trading, we will always be in loss.

[LUCKMCFLY]

In every trading transaction, there is always a gain or a loss that a trader has to bear. The key is to ensure that the profit surpass the losses level and this can only be achieved through proper management. If the situation is not to our surprise, it will be appropriate to analyse the actions that have been made before going back to trading. It is stated that trading without making sure that the strategy is valid is dangerous and only leads to increased losses. It is impossible simply tag along or make it a practise without measurement each time likewise. Any action to be implemented must not be on the basis of the hope. If things are not progressing properly then it is better to take a pause for a whereas, correct own’s concepts and make sure that each further push is made on a comparatively stronger ground.

Well in 2017 having an account in Bitfinex was something very expensive, just depositing funds was worth having some money taken out of it, so it was something that could be difficult for many, however the biggest shorts in 2017 flowed from there and that was what defined the market at one point, that's why Bitfinex was then investigated, now I honestly don't know how Bitfinex worked, but it had some somewhat high fees, so I don't know if they still maintain those types of fees when operating.

[Chilwell]

Trading require patience, discipline, dedication, selflessness, commitment, honesty, trustworthy, contentment, loyalty and understanding, These are some key criteria needed when it comes to trading and there are still more to it.

If an individual does not acquire knowledge before starting trading he will be indiscipline and ignorant and he will lack the ability to stay committed to trading. It is very important for a trader to be patient and composed, he should not let his emotions get him and he should not be afraid of missing out and also avoid greediness because it will lead to impulsive decisions and reckless risk taking which may cause him a greater lose.

Acquiring knowledge is very important in trading because it will serve as a guideline for the trader. Lose is common in trading and cannot be totally prevented but can be minimize. mistakes in trading helps a trader to gain new knowledge and experience in trading.

[MUGNIA]

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.

Why is there no motivational word at all in this sentence? Whereas for people who are willing to learn and gain good knowledge about trading, they should have a better chance and often gain profit in trading... so, when will someone start to be able to enjoy something fun like being a trader who always wins?

No matter how logical it is, trading still has a lucky side, someone who is lucky will of course get profit... even if he is careless, as long as he is lucky, he wins.

true, no matter how much profit from trading is a success, especially for novice traders, being pessimistic about seeking profit in trading is one thing that is detrimental, where in every trade it will definitely provide lessons and can be a reference for us in the future when we will trade