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

[sagarmota10]

When we are talk about the Key criteria about trading for me first come to the mind is the RANGE of price.
1) Support and resistance is key role while we are trading the market.
2) Market 95% times playing within range, So be patience while trading.
3) Fund management, Crypto is high volatile market so while doing trading in crypto market you need to keep Stop loss and manage the risk as crypto can Pump and dump highly at any time.
4) Do not rush to buying huge quantity, Most of trader doing scalping by buying huge quantity but it will not work all time so better to keep quantity minimum as loss affordable and focused on Right entry for buying.
5) Buy in Red and Sale in Green, Crypto is giving many opportunity like Red day for shopping so we just need to have patience and buy on red day so we can enjoy Green Day.

[SmartGold01]

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

Knowledge for now is more important to newbies traders because if they don't go for knowledge you would see them constantly losing and blowing off their account balance. Truth must be told, no newbies are expected to make profits from trading instead could keep practicing and gaining more knowledge before finally delving into trading full time.

[omori]

Knowledge for now is more important to newbies traders because if they don't go for knowledge you would see them constantly losing and blowing off their account balance. Truth must be told, no newbies are expected to make profits from trading instead could keep practicing and gaining more knowledge before finally delving into trading full time.

It's about knowledge and proper risk-management.

One comes from another, and it's very important for the newbies, I definitely agree with you.

[Bobcrypto]

"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.

Buying low and selling high is still at the elementary level of trading. Buying at low at certain price can be broken to many more "New Low' price levels,and there is no market guarantee of the stability of price at any entrance prices level. When a trader make a buy position at certain price, if the price breaks below his buy position or dump, it is possible that his entry positions, which may be a support, may become the resistance, or he may be trading below the resistance levels.
Trading cryptocurrency with buying low and selling high ideas is a good strategy but has many factors that can cause delay on a traders selling high like market dumps.

[SmartGold01]

Knowledge for now is more important to newbies traders because if they don't go for knowledge you would see them constantly losing and blowing off their account balance. Truth must be told, no newbies are expected to make profits from trading instead could keep practicing and gaining more knowledge before finally delving into trading full time.

It's about knowledge and proper risk-management.

One comes from another, and it's very important for the newbies, I definitely agree with you.

After some level of education and practicing then they can start thinking about how to trade and make money from their trading account, usually knowledge is very important and crucial for all traders and when it's gained its that easier for them to start generating at least few dollars from their daily trading.

[ZAINmalik75]

When we are talk about the Key criteria about trading for me first come to the mind is the RANGE of price.
1) Support and resistance is key role while we are trading the market.
2) Market 95% times playing within range, So be patience while trading.
3) Fund management, Crypto is high volatile market so while doing trading in crypto market you need to keep Stop loss and manage the risk as crypto can Pump and dump highly at any time.
4) Do not rush to buying huge quantity, Most of trader doing scalping by buying huge quantity but it will not work all time so better to keep quantity minimum as loss affordable and focused on Right entry for buying.
5) Buy in Red and Sale in Green, Crypto is giving many opportunity like Red day for shopping so we just need to have patience and buy on red day so we can enjoy Green Day.

These 5 points are the main points that a trader should keep in mind then they can never make huge losses but only profit but only experienced traders with 5+ years of experience can follow all these steps. A newbie cannot follow all these rule, they can only follow few of these.

Newbie have already bought in green and now selling in red, due to market's bad condition, they always rush to buy more token and mistakenly or intentionally buy all the coins with funds they have in one go, they don't have first buying or second buying thing in their mind they just don't know how to manage average buying price to increase the profit. This education is very important.

[sagarmota10]

When we are talk about the Key criteria about trading for me first come to the mind is the RANGE of price.
1) Support and resistance is key role while we are trading the market.
2) Market 95% times playing within range, So be patience while trading.
3) Fund management, Crypto is high volatile market so while doing trading in crypto market you need to keep Stop loss and manage the risk as crypto can Pump and dump highly at any time.
4) Do not rush to buying huge quantity, Most of trader doing scalping by buying huge quantity but it will not work all time so better to keep quantity minimum as loss affordable and focused on Right entry for buying.
5) Buy in Red and Sale in Green, Crypto is giving many opportunity like Red day for shopping so we just need to have patience and buy on red day so we can enjoy Green Day.

These 5 points are the main points that a trader should keep in mind then they can never make huge losses but only profit but only experienced traders with 5+ years of experience can follow all these steps. A newbie cannot follow all these rule, they can only follow few of these.

Newbie have already bought in green and now selling in red, due to market's bad condition, they always rush to buy more token and mistakenly or intentionally buy all the coins with funds they have in one go, they don't have first buying or second buying thing in their mind they just don't know how to manage average buying price to increase the profit. This education is very important.

Newbie are attract from influencer who Shaw them 50X ,100X story to social media and Newbie have no experience about the levels of any price for newbie it better to invest in part and try catch the good projects and just HOLD for good return.

Trading required lots of Patience and knowledge of other market also to setup the trade.

[tequilla_sunset]

Newbie are attract from influencer who Shaw them 50X ,100X story to social media and Newbie have no experience about the levels of any price for newbie it better to invest in part and try catch the good projects and just HOLD for good return.

Trading required lots of Patience and knowledge of other market also to setup the trade.

Agreed. Hodl for stability, trading - for the potential of it.

[ZAINmalik75]

Newbie are attract from influencer who Shaw them 50X ,100X story to social media and Newbie have no experience about the levels of any price for newbie it better to invest in part and try catch the good projects and just HOLD for good return.

Trading required lots of Patience and knowledge of other market also to setup the trade.

It is still the misatke of newbies, they have minds and all of us are intellectual, and even with the existence of these AIs we all can ask any question to them and they will give us realistic answers, and we can learn the truth that these influencers are selling by lying.

Once we know we can't make direct 50x or 100x in one trade in the first trade ever, only the ones chosen by god who take huge risk by investing in multiple famous coins get this opportunity most of the time.

[Gurujebs]

Newbie are attract from influencer who Shaw them 50X ,100X story to social media and Newbie have no experience about the levels of any price for newbie it better to invest in part and try catch the good projects and just HOLD for good return.

Trading required lots of Patience and knowledge of other market also to setup the trade.

This isn't about just newbie character, it's the nature of human being with money, they get excited when somebody share their stories on how they made money from Bitcoin and instead of them to be asking real questions how they did it and the risks that are involved, they don't do that they just went straight to ask how they can do it and make the money too.

This is where they do get new that are new to trading, most of the time those profit they show off might be the only thing they have earned in a while, if you should go through their trading history, the losses you will see wouldn't be something to talk about.

[taufik123]

-snip-
This is where they do get new that are new to trading, most of the time those profit they show off might be the only thing they have earned in a while, if you should go through their trading history, the losses you will see wouldn't be something to talk about.

Hahaha that's a history that doesn't need to be told to look like a successful trader by always getting a win on every trade, even though behind it all there are many losses that happen.
Many influencers claim to be professional traders but they are not honest with the losses that have occurred, because a bad image will lower their followers.

[dekafee79]

-snip-
This is where they do get new that are new to trading, most of the time those profit they show off might be the only thing they have earned in a while, if you should go through their trading history, the losses you will see wouldn't be something to talk about.

Hahaha that's a history that doesn't need to be told to look like a successful trader by always getting a win on every trade, even though behind it all there are many losses that happen.
Many influencers claim to be professional traders but they are not honest with the losses that have occurred, because a bad image will lower their followers.

You are right they only talk about winning when in trading we can't always win. That's how influencers work because they want to get followers.
We should not follow them and we must have our own analysis and strategy so that we have skills in trading.
Because trading requires learning and always practicing

[taufik123]

You are right they only talk about winning when in trading we can't always win. That's how influencers work because they want to get followers.
We should not follow them and we must have our own analysis and strategy so that we have skills in trading.
Because trading requires learning and always practicing

Theory and practice should be done rather than just following influencers who only have certain goals for their own benefit.
They are also paid by platforms that endorse them up to or some certain coins.

Learning how to do technical and fundamental analysis will be very useful, it is a basic knowledge that must be mastered by beginner traders, without knowing technical and fundamental analysis it is difficult to see how the market will move.

[Bobcrypto]

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.

Actually trading strategies shouldn't be one way because of  the market dynamics, it is a good idea to change strategy for trading improvements, experiences and to enhance profitability over times.
In addition, there is no trading without profit or loss outcome despite different trading strategies, and because it is difficult to predict the market, there is bound to be sudden market dumps that will send the traders to losses at certain periods. 

[Wiwo]

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

Just as the ops said, every Stop loss or liquidation hitting in trading leaves the trader with at least a lesson and the most important part of it all is that such lessons remain with us for life as long as we keep trading crypto, and after that, we come to the characters that we build along the line and that is where all the attributes and characteristics you mentioned comes into play.

I agree that no cryptocurrency trader can survive the market without all that you have mentioned above patience is very important because a lack of patience can push somebody into chasing their loss if they have available cash flow thinking they want to take advantage of a down market whereas there don't know the limits that the dip will go.