How can someone be called a professional trader?

[Vx1]

In my opinion, a professional trader is not someone who always makes a big profit or never loses in trading, but a professional trader is someone who is calmer, more careful and more careful in determining every step in trading. Because actually there are no traders who never lose here, but the attitude and mentality when facing a bad situation in trading will show whether someone is worthy of being called a professional trader or not.

[bhadz]

I think if someome is consistently making money with trading then he can be considered as a professional trader. It is not easy to become consistent with trading, so I think someone can be one of those professionals if they keep making money. And others wont argue with that because making money means a lot of trading experience and losses have been made before reaching that point of profiting.

[rizqillah]

I think if someome is consistently making money with trading then he can be considered as a professional trader. It is not easy to become consistent with trading, so I think someone can be one of those professionals if they keep making money. And others wont argue with that because making money means a lot of trading experience and losses have been made before reaching that point of profiting.

becoming a professional trader requires experience and of course they have also experienced losses in the past. because we know that to be able to have experience by generating consistent profits, you need to always learn and practice and sometimes in practice you also experience failure.
always getting profit in trading is the goal of traders, but sometimes the crypto market is unpredictable because it is volatile.

[memehunter]

No, I read it but honestly I can't really understand what you're saying because that is the first time heard that. I don't know exactly where did you get that formula or it just by you getting it out of nowhere. Do you have any other stuff supporting your argument? Or Do you really have experience in trading? Because if not, how you can tell in the first place that trading is not working? Honestly, based on my experience, a trader can be profitable with a good trading plan and a good mindset.

I know as a matter of fact that you have not read it properly, otherwise, you would not have repeated the same mistake of asking a question that has been answered already in the suggested thread of mine. Anyway, let me quote the relevant part

Do you have a study you carried out proving your stats? I would love to see it.

EMH and RWH have already established theories. Just a quick Google search will reveal everything to you but since you have asked I will leave some interesting reading (which you can read and come back to) material for you;

For EMH (with critical aspects, not only favorable stories so that you can make up your mind)
https://www.sciencedirect.com/science/article/pii/S2212567115014161 (harsh criticism you might like it.)
https://journals.openedition.org/fcs/3821
https://www.researchgate.net/publication/324971038_THE_EFFICIENT_MARKET_HYPOTHESIS_A_CRITICAL_REVIEW_OF_LITERATURE_AND_METHODOLOGY

For RWH
https://www.chicagobooth.edu/~/media/34F68FFD9CC04EF1A76901F6C61C0A76.PDF  
https://people.math.rochester.edu/faculty/akrish11/Research/student-papers/Random%20walk%20hypothesis%20paper.pdf (Just read conclusion)
https://www.caluniv.ac.in/dj/BS-Journal/vol-35-36/iv.%20Revisiting_Random.pdf (This one does not negate RWH but concludes that the market is not efficient, interesting one)

Please go through the suggested study material before carrying forwarding this conversation.

[Z-tight]

People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.

Even those people they call gurus or experts cannot get things right all the time, they may even get it wrong most of the time, and the next thing those who are following them start complaining. It is good to learn things yourself and take responsibility, that is how you get better at what you do.

[Alone055]

In my opinion, a professional trader is not someone who always makes a big profit or never loses in trading, but a professional trader is someone who is calmer, more careful and more careful in determining every step in trading. Because actually there are no traders who never lose here, but the attitude and mentality when facing a bad situation in trading will show whether someone is worthy of being called a professional trader or not.

Technically, a professional trader is a person who uses trading as a full-time profession and earns a living through it. However, it's true that someone who is doing something professionally has to be trained enough for it so that they can continue doing that thing professionally without failing.

If I want to become a professional trader, I will need to have enough knowledge to understand each and everything about trading and the market I'm going to be trading in, I need to have a good enough capital that I can use to make trades and strategize my trades accordingly. I should acquire enough experience before deciding to do it professionally or I could end up as a failure and become a bad example for other people around the industry.

[Vx1]

People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.

Even those people they call gurus or experts cannot get things right all the time, they may even get it wrong most of the time, and the next thing those who are following them start complaining. It is good to learn things yourself and take responsibility, that is how you get better at what you do.

If we can do it ourselves, that's good, but there's nothing wrong if we ask someone who is more senior or understands more than us. But we shouldn't keep relying on that person, we also have to learn by ourselves. We can actually do that, because now it's a modern era, there are many media that we can use as a source of knowledge for us.

[electronicash]

People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.

Even those people they call gurus or experts cannot get things right all the time, they may even get it wrong most of the time, and the next thing those who are following them start complaining. It is good to learn things yourself and take responsibility, that is how you get better at what you do.

If we can do it ourselves, that's good, but there's nothing wrong if we ask someone who is more senior or understands more than us. But we shouldn't keep relying on that person, we also have to learn by ourselves. We can actually do that, because now it's a modern era, there are many media that we can use as a source of knowledge for us.

even the people who claimed to have learned it by their own still reads the strategy of someone else online. of course everyone needs a mentor, its always good to connect to someone who has experience and can tell you what is there to avoid and what to do.

then i tried learning, i end up attending a group of forex traders discussing how they can make the group prosper together so they will have a group of people they can grow old with and chat on their favorite cafe.

[Chilwell]

Based on my opinion, the person i will considered a professional trader is a person that makes a lot of profit than loss, and understand the basics of trading and how it works, he knows how to manage and minimize the risk and maximize the profits and always follow up the trading news and stay updated, they manage their emotions and prevent themselves from making uninformed decisions, someone that is motivated and learn from mistakes to gain new knowledge, ideas, skills and experience that he will use to improve his trading.

[Hatchy]

  Or what kind of person is it that you can call that person a professional trader?

Many people who shows their flashy cars or lifestyle on the internet might not actually be making it through trading. A lot of these folks get money through sales of course and mentorship classes. Their goal is to lure new traders into paying for their guide in the Forex market. So to me, being a professional trader doesn't actually mean you buy a car or something, a copy trader can be profitable as well but he doesn't have a long term goal on trading.  A profitable trader is someone that has understood the market dynamics and every that would make him consistent over time..

[bayu7adi]

People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.

Even those people they call gurus or experts cannot get things right all the time, they may even get it wrong most of the time, and the next thing those who are following them start complaining. It is good to learn things yourself and take responsibility, that is how you get better at what you do.

Okay, it's interesting to discuss teachers too, this still has something to do with professional traders... a professional trader does seem to find it very difficult to give the core secrets of his journey... because maybe it's a secret that can never be bought with money... then some people start making requests to open learning, here usually people are willing to pay some money to get basic materials...

Yes, a teacher's material is not much different from what is taught on YouTube or on the internet, but what needs to be underlined is, a good teacher can determine the right flow so that the process of understanding someone who really has no knowledge about traders, can understand trading faster... finding a professional trader teacher is indeed quite difficult... because the way they make money is their own treasure map... and it's only natural that it is very difficult to find a paid teacher who can satisfy us all....

[Mr. Magkaisa]

        -      Actually, for us to get profit in trading, it is not a requirement that you must be professional traders, the trading system is not like that, because even if you only know the basics and even if we only use one strategy, this method is more profitable than what they call experts.

Because we are not experts in trading because our only bottom line is to get profit most of the time in trading, as long as the right amount of profit is there,
we should be satisfied and not be greedy, right?

[Sim_card]

In my opinion, a professional trader is not someone who always makes a big profit or never loses in trading, but a professional trader is someone who is calmer, more careful and more careful in determining every step in trading. Because actually there are no traders who never lose here, but the attitude and mentality when facing a bad situation in trading will show whether someone is worthy of being called a professional trader or not.

If that trader is able to limit his losses and make more of profit. I consider you as a professional trader. You must not make money everyday. In short, any trader that has used trading to transform his life is a professional trader.

[MrSpasybo]

We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...

In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...

Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?

I know a few pro traders, and here are their common traits:
+ They treat trading as a main job, but not a full-time one.
+ They have simple but highly effective trading techniques for the long term.
+ They continuously learn to upgrade their skills.
+ They follow discipline.
+ They generate stable profits in the long term.
+ They always have a stop-loss in every trade.
+ They find trading to be a boring profession to perform.

I'm also learning to become a pro-trader ^^

[bounceback]

In my opinion, about some one can be called as professional trader depend on his trading statistic, more profitable earn than how much loss when trading in cryptocurrency.
No doubt, in crypto trading can't avoid from losses although have been more expert or become most professional but still have chance with loss. If the amount of losses more lower than how much win and profitable earn in trading cryptocurrency I think he should called as professional trader. So far I can't reach to be professional trader although have spent much time in trading due loss more dominance than profitable earn.