Which type of trader are you???

[Glow]

It is a progressive change most times for traders because they all begin as scalpers trying out their strategy and testing the market before gaining more mastery and confidence and then becoming position traders. It will be very difficult to see a newbie trader in the market who instantly becomes a position trader without any form of mentorship.

When we begin our journey of trading education most of us adopt an urgent and active approach due to heightened interest in price fluctuations. Scalping allows traders to conduct various experiments along with instant reaction opportunities. The acquisition of trading experience eventually alters our mental approach during this period. Through experience we begin to understand that we can take rests from trading activities. People need to reevaluate every trade decision making the transition to a more soothing trading approach possible. The development occurs independently from technical approaches because it stems from how we approach risk management together with trading efficiency. Explain this phenomenon to new traders about a process which cannot be grasped before becoming personally involved. People derive changes more from personal encounters than from academic concepts.

thats very much true people who learn through experience never forget the lesson learnt and in this trading world experience has a very big role to play in the number of successful trades we aquire as time passes by which is a good thing for you to learn and keep track of the market behavours and price movement to be able to become successfull.

[SamReomo]

people who learn through experience never forget the lesson learnt and in this trading world experience has a very big role to play in the number of successful trades we aquire as time passes

Yes, I also agree, in trading world ones experience is vital and it plays a very important role in life of the trader. Good traders learn from their mistakes and they fix those mistakes overtime and that's why they become good traders. In trading it's not as easy to be rich as people tell others. It's hard and time consuming and only those who have patience can make profits in long term.

[Mr. Magkaisa]

people who learn through experience never forget the lesson learnt and in this trading world experience has a very big role to play in the number of successful trades we aquire as time passes

Yes, I also agree, in trading world ones experience is vital and it plays a very important role in life of the trader. Good traders learn from their mistakes and they fix those mistakes overtime and that's why they become good traders. In trading it's not as easy to be rich as people tell others. It's hard and time consuming and only those who have patience can make profits in long term.

           -      Every time we make a mistake in trading, this motivates us even more to strive to learn the things we really need to know, so what we really do is try to correct the mistake we made that we don't want to repeat again, right?

And if we make a mistake again, we will look for a new solution so that we can improve our trading skills even more every time we do our
trading activity on any exchanges.

[DavetJack]

3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

I thought I am Swing trader only. But I have been holding some of my coins for a very long time already I still have them since 2018.  No pressure since the tokens are not scam and they still have more value than when the time I bought them.

There are tokens that I sold and never bought back anymore though. Some how I'm moving forward to new tokens that has long term especially when its marketing is continuous like the Vechain.

Trading is one of the best earning way in cryptocurrency market. I think that when we want to be a best trader, we should understand in cryptocurrency trade carefully. Because without knowledge in cryptocurrency market, we can not success from here. I am also include in day trade and swing trade in cryptocurrency world. I am also a trader in small levels. But i believe that day trading is very interesting, but if you start to trade in first time. You should acquire knowledge in cryptocurrency market and trading strategy carefully. Because if we don’t knowledge in cryptocurrency trade, we could be losses from here.

you are right the general reason why most people lose in cryptocurrency trading is because they just acquire little knowledge and think they know everything about trading which leads to lossess because in cryptocurrency the learning never ends and the market dynamics is ever changing, those who have come to terms with this are those that have become successfull in cryptocurrency trading.

There are some people who start trading without seeing anything in the beginning, so they claim to have a lot of experience. But when they lose again and again, they still do not accept that there is a lack of knowledge inside them due to which they are facing losses. The movement of the hands becomes such that they lose all their assets day by day and become destitute. So they must know that without experience they will never be able to achieve success there. If he wants to get a good amount of experience, then he must gain good knowledge so that he can move forward.