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Author Topic: What does being a Successful Trader really mean?  (Read 447 times)

Offline SmartGold01

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Re: What does being a Successful Trader really mean?
« Reply #15 on: May 07, 2025, 01:14:28 PM »
It's simple and not much over there!
Yes we do heads about successful trader or becoming successful in trading, successful trader is how much have been able to accumulate or how low your risk is in terms of trading, meaning you don't lose much but your record of profits from previous trade is that higher than your results in loses.
Whenever a trader is able to make profits higher than their losses then such person can be termed or liken to be a successful trader.

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Re: What does being a Successful Trader really mean?
« Reply #15 on: May 07, 2025, 01:14:28 PM »

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Re: What does being a Successful Trader really mean?
« Reply #16 on: May 07, 2025, 01:19:08 PM »
Successful trader is a trader that makes money and success from trading. There is no other definition of a successful trader than that but most traders are losing.

Not being a successful trader does not mean you can not be a successful person. After many months or years of losses, sometimes it is best to quit.
Actually, you are correct. We know that trading is one of the best profitable source in cryptocurrency world. So if we want to earn huge profit in cryptocurrency market, trading will be best valuable way for us. But if we want to earn best profit from here, we must be a successful trader. Because a successful trader can understand easily in cryptocurrency market conditions. A successful trader also achieve best knowledge in cryptocurrency world. So he also trying to understand carefully and take correct decision, when will the proper time for trading. So it’s true that for best profit, a successful trader must needed.
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Re: What does being a Successful Trader really mean?
« Reply #16 on: May 07, 2025, 01:19:08 PM »

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Offline bitterguy28

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Re: What does being a Successful Trader really mean?
« Reply #17 on: May 07, 2025, 01:36:24 PM »
Successful trader is a trader that makes money and success from trading. There is no other definition of a successful trader than that but most traders are losing.
that is right but it is so vague and generic lol but the truth is success can only be determined by yourself it depends on your capital let us say you have capital of $1000 and you make a profit of just $100, will you call that successful when the gap between your capital and your profit is too far away? this is why it really depends on the trader himself
Quote
Not being a successful trader does not mean you can not be a successful person. After many months or years of losses, sometimes it is best to quit.
yeah maybe trading is really just not for you there are still other paths to go to even inside the crypto space trading is not the only way to profit in crypto

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Re: What does being a Successful Trader really mean?
« Reply #18 on: May 07, 2025, 01:56:08 PM »
The term "Successful Trader" is more of a promotional content than a real one. You'll find that trader, despite claiming to have made thousands of dollars from trading, is still interested in advertising and referral links and considers them his primary source of income, while asking others to quit their jobs and consider trading a full-time job.
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Offline Nheer

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Re: What does being a Successful Trader really mean?
« Reply #19 on: May 07, 2025, 03:36:14 PM »
It's simple and not much over there!
Yes we do heads about successful trader or becoming successful in trading, successful trader is how much have been able to accumulate or how low your risk is in terms of trading, meaning you don't lose much but your record of profits from previous trade is that higher than your results in loses.
Whenever a trader is able to make profits higher than their losses then such person can be termed or liken to be a successful trader.
Yeah risk management is one of the terms that build a successful trader cause when you don’t control your risk management then your pro-folio will be a disaster and with that, that certain individual is said not to be a successful trader.
 Aside from making profitable trades they are more tools to be taken note of, applying risk management just as I mention, one should learn how to manage is account and avoid many loss, consistency is also one of the key aspect thing to look at cause when one isn’t consistently trying new things on the market then knowledge that you learn will keep flying  and you won’t get to add new things to your knowledge and new strategy and analysis.
Discipline is also a key point one should be discipline and avoid so many entry or trade in a single day, one or two entry is okay for a day so many entry’s can lead to loss and bigger loss, and most importantly applying risk management cause that one saves a lot of emotions and thought so one should also practice that to become a successful trader. And there are other little key points also but that ain’t really important for the main time.
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Re: What does being a Successful Trader really mean?
« Reply #20 on: May 07, 2025, 05:04:05 PM »
The term "Successful Trader" is more of a promotional content than a real one. You'll find that trader, despite claiming to have made thousands of dollars from trading, is still interested in advertising and referral links and considers them his primary source of income, while asking others to quit their jobs and consider trading a full-time job.

          -     It's really hard to be a successful trader, even though I know a lot about trading but I still can't say I'm successful because there are still times when I get liquidated. Then the technical analysis I do is not closed in all cases.

Because most of the time there are still losses, even if we say I can still recover my losses, it's still not really true. That's why successful traders are the ones
who often get profits from trading.

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Re: What does being a Successful Trader really mean?
« Reply #21 on: May 07, 2025, 09:22:02 PM »
The term "Successful Trader" is more of a promotional content than a real one. You'll find that trader, despite claiming to have made thousands of dollars from trading, is still interested in advertising and referral links and considers them his primary source of income, while asking others to quit their jobs and consider trading a full-time job.

          -     It's really hard to be a successful trader, even though I know a lot about trading but I still can't say I'm successful because there are still times when I get liquidated. Then the technical analysis I do is not closed in all cases.

Because most of the time there are still losses, even if we say I can still recover my losses, it's still not really true. That's why successful traders are the ones
who often get profits from trading.
Learning up trading skill isnt something that you can be able to do in a short time period on which simply means that on the moment that you've been that dealing up with trading then if you are that having the plans on having that serious approach into it then it will be ideal that you should really know on what you should gonna do on which it all matters on how fast enough on for you to adapt accordingly. Loses are inevitable and this is something that you should be putting up in mind, what matter the most on here is on how you do become profitable in the end of the day.
It all matters about risks management and control because if you dont have these things then you do find yourself having that hardship.

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Re: What does being a Successful Trader really mean?
« Reply #21 on: May 07, 2025, 09:22:02 PM »


 

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