To be successful trader

[Adel _jamal]

Actually it is important point ,thank you a lot

[I-Bit]

Some points above are quite good for consideration in investing. However, still many other things that you also know to be a successful trader. You can read the information here: https://www.quora.com/How-do-I-become-a-successful-cryptocurrency-trader-investor. 

[fallenangel1789]

Most of the successful traders are educated and experienced traders. The analysis of technical and fundamental aspect of the market is key to traders' success. But there are too many people who earned lots of money and doesnt have any idea what is going on the market. So luck is another factor too.

[poshare]

Trader have to own a strong self-discipline and be low-dependable on the gust of his emotions. If you are choleric person, the only unconditional compliance with rules can safe u from sad consequences.

[moonking]

1-   Only invest what you can lose.
2-   Always pay attention to Bitcoin.
3-   Never put all your eggs in one basket. Diversify.
4-   Don’t be greedy.
5-   Don’t invest blindly.
6-   Categorize your investments and look at the long picture.
7-   Always learn from your mistakes.
8-   If you are doing any active trading, set stop losses.
9-   Learn how to read charts

I enjoy point three, it is always good to invest in a lot of coins at a time. If you put all eggs in one basket and it hits the ground from the top floor, then you are in danger. Invest in a lot of cryptos give a little portion to each one you want to invest. However, don't ignore the other point listed above. They are all very vital.

I'm interested in number nine, how to read charts.  I tried a few times with paper trading, and it's pretty hard.  When it forms it doesn't really look like it does after, in terms of moving averages, it's very tricky.

[Bit]

Very good information bro. It should help people that want to try investing in crypto. But basically, the points are only the basic strategies in trading. 

[Cryptos Investors]

1-   Only invest what you can lose.
2-   Always pay attention to Bitcoin.
3-   Never put all your eggs in one basket. Diversify.
4-   Don’t be greedy.
5-   Don’t invest blindly.
6-   Categorize your investments and look at the long picture.
7-   Always learn from your mistakes.
8-   If you are doing any active trading, set stop losses.
9-   Learn how to read charts

Indeed, don't forget to learn about psychology of trading due to in my personal opinions how smart we are in analysis if we don't know about our weakness, we will be losing our money in trading altcoins, it is important thing but many traders does not know about it.

[Ragnar]

Always read chart so that you can track your progress.

[Zed0X]

It is a good list. Maybe add one more important thing a trader must do and that is to detach his/her emotion when trading.

[Andruha1993]

Thank you, this is very interesting and useful information for me. From myself, I would also add that you should never trade on emotions, it is better to wait a little and start anew.

[rizqillah]

1-   Only invest what you can lose.
2-   Always pay attention to Bitcoin.
3-   Never put all your eggs in one basket. Diversify.
4-   Don’t be greedy.
5-   Don’t invest blindly.
6-   Categorize your investments and look at the long picture.
7-   Always learn from your mistakes.
8-   If you are doing any active trading, set stop losses.
9-   Learn how to read charts

It is good information mate. I agree Never put all your eggs in one basket. Diversify. I have done it.

[expander]

That's right. Your idea of ​​how to do a trading business can be successful. Indeed, you should always be able to invest wisely in Crypto if you want to get maximum profit. We are indeed required to always pay attention to the movement of our coin market prices. On the other hand, we also have to be patient and not as haphazard and do not be careless in making decisions

[MaMooN]

1-   Only invest what you can lose.
2-   Always pay attention to Bitcoin.
3-   Never put all your eggs in one basket. Diversify.
4-   Don’t be greedy.
5-   Don’t invest blindly.
6-   Categorize your investments and look at the long picture.
7-   Always learn from your mistakes.
8-   If you are doing any active trading, set stop losses.
9-   Learn how to read charts

Very good advice, but many can not overstep themselves and many items do not comply and they are excellent traders. I would have added the ability to "wait"

Your points is very good for people beginning to becoming a trade, however what matter most is money management and consistency is the key to profiting in long term.

Don't forget that being patient is needed if you want to succeed in crypto currency. Besides, don't panic, it's also very important. Because I see many new traders panicking when they see the price of bitcoin going down. They are selling faster because they are afraid that bitcoin prices will go down. Though what they need is to be patient when joining crypto currency.

Are you talking about daily trading? To be a trader is really quite stressful. You have to keep watch of the market and study prices well. Also, invest not all your money into cryptos. As you are investing, you have to know that it is highly risky.

It is a good list. Maybe add one more important thing a trader must do and that is to detach his/her emotion when trading.

all replies so great

and I added some advices form some replies to be in consideration

also add your daily experience as :

dont trust any links & any person you dont knew about them 

[alltalk]

Some points above are quite good for consideration in investing. However, still many other things that you also know to be a successful trader. You can read the information here: https://www.quora.com/How-do-I-become-a-successful-cryptocurrency-trader-investor.

You are right, many things we need to be a successful trader. Not only the nine things above, stated by MaMouN. And one thing also has important role is the experience. More experience leads to the success of trading.

[zgrdyg]

Very good advices , i think the best one is the third advice. "Never put all your eggs in one basket. Diversify." diversifying should be the main feature for smart investors.