How do you strengthen your trading capacity?

[DegenLifestyle]

The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches? 

I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?

[Charles-Tim]

I like that you know 90% of traders are losing. It might even be more than 90%. This is an indication that trading is very risky and not worth going for. But if you still want to go for it, it is better you use the amount of money that you can afford to lose to trade. Trading is not easy at all and there are things you will need to discover yourself because most people that will post here are also losing in trading because 90% of traders are losing. So when it comes to trading, most of us here are not special. Or let me say 90% of us here might be losing.

[electronicash]

there are traders who are just concentrating to on fundamental analysis and some choses technical analysis. both are useful in trading.
the indicators are often trusted by the traders where the data can be seen by every one and they can learn what others see on their charts.  learning the indicators is sure the way to strengthen trading capacity.

day trading wasn't for me however. i hold for a long term before selling.

[Findingnemo]

Honestly you can beat the market, it's a losing game so you have a choice of undergo the loss and compensate with profits made from future or stop trading.

Setting a goal or target will not help when the market takes a dive, we can minimize the damage with stop loss but it is also something that will not be helpful when we trade too often.

[DragonF]

The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches? 

I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?

With practice, we can get better at trading. A good trader, in my opinion, is also a good reader. Reading about other traders' trading experiences is crucial, particularly those of professional traders. Because those experiences will help the trader avoid certain trading behaviors that could result in losses, this is one way a trader can improve his trade. 

Trading does not guarantee that there will never be losses; rather, what matters is how the trade turns out in the long run. This is why a trader should not be in n a hurry to make profit but rather should be more concerned about making the proper steps in his trades because that is what determines whether he profits or not.

[Rruchi man]

The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches? 

I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?

When trading concepts are now easier for you to grasp and implement, and then strategy easier for you to formulate, you can say trading is for you.

[BitMaxz]

There are lots of traders loosing but if you can survive while you are trading and you keep a journal of your trades, it will help a lot to understand why you lose and why you win on that trade. If you just keep trading without a journal you can't understand why you lose and win, and you can't get a better strategy to be profitable.

Risk management also help you survive when price is always against your prediction.

Expand your knowledge and try other strategies and experience all of them I'm sure you will notice something.

[Hatchy]

The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches? 

I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?

Trading takes time and consistency. Sometimes you find yourself profiting from the market, another time you are in loss. What differentiate you from a losing trader is your ability to recover from your losses. Risk management and good planning helps alot when it comes to trading. Just know that the market has no emotions so it doesn't care if you are in loss or in profits. Your view of the market determines how long you will last being a trader. Again having capital to trade is another thing that hinders so many inspiring traders.

[Z-crypt]

Honestly you can beat the market, it's a losing game so you have a choice of undergo the loss and compensate with profits made from future or stop trading.

Setting a goal or target will not help when the market takes a dive, we can minimize the damage with stop loss but it is also something that will not be helpful when we trade too often.

I’ve only traded a few times since the beginning of the year due to the unstable market conditions and also the fear of making losses. Regarding futures trading you know how it can be which is why i’m looking into trying it out myself. I might check the Diamond event the Op mentioned since it’s a weekly event, i think it’s on Bitget because i saw the notification yesterday. Wish me luck.

[LogitechMouse]

The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches? 

I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?

Whenever I start to trade, I always say to myself "It doesn't matter how much you win. What's important is, to prevent yourself from losing money." That's always what I say to myself and maybe that helped me on how to enter trades because before entering a position, I always look at the possible risks, how sure am I with that trade, and how confident am I that I will end up making profit on that trade.

I'm not participating in any competitions, but I always have a personal target, and if just in case that target of mine doesn't reach, as long as I will end the day not at a loss then I'm still okay with it. I'm nowhere near about me realizing trading is for me since I haven't made that huge profits currently, but I would say that I'm in the right path hence, I'm still continuing to trade.

[Nheer]

The market isn’t helping at the moment, but for traders, how do you strengthen your trading capacity? We all know trading requires constant learning, so how do you improve and stay ahead of the 90% of non-profitable traders? Do you challenge yourself by participating in competitions, set personal targets, or take other approaches? 

I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?

Whenever I start to trade, I always say to myself "It doesn't matter how much you win. What's important is, to prevent yourself from losing money." That's always what I say to myself and maybe that helped me on how to enter trades because before entering a position, I always look at the possible risks, how sure am I with that trade, and how confident am I that I will end up making profit on that trade.

I'm not participating in any competitions, but I always have a personal target, and if just in case that target of mine doesn't reach, as long as I will end the day not at a loss then I'm still okay with it. I'm nowhere near about me realizing trading is for me since I haven't made that huge profits currently, but I would say that I'm in the right path hence, I'm still continuing to trade.

Your mindset is really perfect for a trader, you said you haven’t made huge profits but it just matter of time bigger profits are going to fall in but all it deserves to get the bigger profits is nothing other than consistency, when you practice consistency and never give up on the trading then some years later it will definitely come bigger profits will fall in place that you couldn’t even imagine you will be able to make it that big from crypto world. Imagine yourself 5years from now where will you find yourself in trading a very long way and that will give you more knowledge about the market and you will be able to make big income from the market with different analyses.
Just be patient  and continue learning you will definitely hit the big bag just keep pushing right okay. That just it patience, focus, discipline and  consistency and the market will favor you a lot and most times, trying not to be in competition will gives you more focus to the market and it will take away unnecessary stress.

[Aanuoluwatofunmi]

we have to maintain learning and also have to be informed form time to time about the available updates and information across the crypto networks, this will be where our strength is going to lies because we are going to be aware of what is going on and never missed on any opportunity as well that may comes as a result, we have to also discover our areas of weakness in trading and improve on them in other to perform more better.

[MrSpasybo]

Trading takes time and consistency. Sometimes you find yourself profiting from the market, another time you are in loss. What differentiate you from a losing trader is your ability to recover from your losses. Risk management and good planning helps alot when it comes to trading. Just know that the market has no emotions so it doesn't care if you are in loss or in profits. Your view of the market determines how long you will last being a trader. Again having capital to trade is another thing that hinders so many inspiring traders.

To improve the potential for profitability in the trading market, there are many things a trader can do, among which trading knowledge + capital management skills + emotional management experience play a decisive role.

Traders can seek knowledge about trading methods everywhere, they know RSI, MA, MACD, Ichimoku, but it will be difficult to profit without a deep understanding of them or finding the optimal parameters for those indicators. Sometimes, persistence and adherence to discipline are what a trader needs to make the tools effective.

Usually, all-in will be applied as soon as a trader believes the opportunity has arrived, whether buying or selling assets. We have common advice: do not risk more than 2% of capital in each trade, but usually traders can use 50% or 100% of their capital for one order and lose the opportunity to correct mistakes when losing.

Traders also need to be prepared to miss opportunities to avoid FOMO or making wrong decisions. Ultimately, psychology determines everything: whether applying a trading method or allocating investment capital. Psychological strength is only formed from knowledge and real-world experience in the market; it cannot be bought, sold, or transferred from one person to another. Each trader will need to discover and learn on their own throughout their trading career.

[SmartGold01]

I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?

Trading isn't for anyone and also trading is for everyone provided you can make profits from trading, most times you can realized that trading is meant for person when you sees yourselves always on profits them you can see that trading is for you. But when you keeps incurring loses then it could be better they channel their efforts into doing something else that could fetched them money than trading and wasting their resources.

[Hatchy]

I’m asking because I’ve been following Diamond Thursday for about 20 weeks now, and the number of traders participating is amazing despite the current shaky price action. Also, at what point did you realize trading was for you?

Trading isn't for anyone and also trading is for everyone provided you can make profits from trading, most times you can realized that trading is meant for person when you sees yourselves always on profits them you can see that trading is for you. But when you keeps incurring loses then it could be better they channel their efforts into doing something else that could fetched them money than trading and wasting their resources.

If you don't have the right strategy to trade, you surly will be on the losing streak. What most traders fails to understand is that trading is all about your knowledge+ capital. You can be doing the wrong thing for long and probably give up. But then get a mentorship, learn a strategy that has been proven to work then practice without thinking much of the profits or the losses. If you do as little as this being a profitable trader might take long but surly in a couple of 2or 3 years you will begin to see the difference.