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

[L0veLea]

I just use a simple budget list in a spreadsheet where I write down what I spend each day. It helps me see exactly where my crypto profits are going.

[Joeboy]

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.

When it comes to trading, a few key criteria stand's out. First of the risk management is crucial - knowing how much you are willing to lose on a trade help you to protect your capital. And then there is timing, knowing when to enter and leave a trade matters a lot. And then you need the right strategy, whether you are into technical or fundamental analysis, or a mixture of both, consistency is key. Lastly discipline is everything- even the best strategy can fail without patience and emotional discipline.

[Mr. Magkaisa]

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.

       -      You must be 100% serious about trading if you want to enter the crypto space op, because if you can't do it 100%, you can't be here because it's not as easy as most people think that you can quickly get a profit in this field industry.

Although being patient is only part of it while you study or understand crypto trading in this business field. You will go through a lot before you really understand crypto trading, and one of these is that you can experience losing often, getting stressed, and so on. So, you must be prepared for these situations.

[ajiz138]

       -      You must be 100% serious about trading if you want to enter the crypto space op, because if you can't do it 100%, you can't be here because it's not as easy as most people think that you can quickly get a profit in this field industry.

Although being patient is only part of it while you study or understand crypto trading in this business field. You will go through a lot before you really understand crypto trading, and one of these is that you can experience losing often, getting stressed, and so on. So, you must be prepared for these situations.

I'm not sure if at the beginning there are people who can really be 100% in trading, most of them initially just try with a little effort. 100% confidence will happen over time and that too if the person's mentality is strong.

In the end everyone will see the benefits at the beginning, and when it doesn't go according to what they think then they will give up, but not a few of them end up learning diligently.

[JollyGood]

If there was a single rule it would have been printed in a book and we all would have been following the instructions. The reality is what might be deemed to be a key criteria for one might be the opposite for others. Some people people cite patience or research before investing whereas others could emphasise the importance of spreading investments rather than putting everything in one investment. There is no easy answer to this.

[bitterguy28]

If there was a single rule it would have been printed in a book and we all would have been following the instructions. The reality is what might be deemed to be a key criteria for one might be the opposite for others. Some people people cite patience or research before investing whereas others could emphasise the importance of spreading investments rather than putting everything in one investment. There is no easy answer to this.

there are actually books that would help a trader but as you said it depends on the author what he deems is important and what is not since they would all have different approaches and opinions on how to trade but for us who are trying to learn more, i think reading just one book is not enough let us still try to be open minded and find different ways that work for us

[vegasus]

I'm not sure if at the beginning there are people who can really be 100% in trading, most of them initially just try with a little effort. 100% confidence will happen over time and that too if the person's mentality is strong.

In the end everyone will see the benefits at the beginning, and when it doesn't go according to what they think then they will give up, but not a few of them end up learning diligently.

Many people or entrepreneurs who start trading just because they see the success of people in trading and get a lot of money that is very tempting. but not all beginners are able and willing to try it because trading is not as easy as they imagine.

and this also will not be easy to happen, because trading is more complex, whether beginners or not, trading still requires very mature preparation, because the risk is very high. so that we can determine the right strategy for our trading system.