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Found 10 results
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It's a general belief that most common reason for the losses incurred by crypto traders is as a result of indiscipline, therefore, I want those who have gathered some level of trading discipline to share their secrets here for all to learn. please share..
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Someone described trading as an art, therefore, I think it can be improved by consistent pracrice and learning with the major goal of profiting, there are ways this can be achieved, one is trading volatile markets. perhaps we can get a few from you.
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Yes! of course there always comes a reason or an excuse for all our life's failures, many surround their failures around systems,myths,superstitions, beliefs etc just to ease the pain that accompanies the Truth. This is so common with crypto-traders. Each time we lose money in a trade, we blame it on wrong factors: wrong Technical analysis(TAs), fundamental Analysis,news,signals etc...The simple truth is your failure comes from the inside,in other words, you choose the wrong coin to buy because the error lies on your inside, you made an entry at the wrong time because your mind-set is totally a wrong one,it's all programmed in your heart. The bitter truth is that unless a new software is installed inside you, you'll keep loosing. I know many hate this truth.
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It's important to know what confidence in trading really is and what it isn't. confidence is not "I will profit on this trade" but true confidence in trade is "I will be fine if I don't profit from this trade".
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Most advice I get in this forum is that trading must be done completely void of emotions yet some emotions are necessary for our survival or is survival in trading different kind?
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The question I want to ask everyone here is this, is there any one who is born a great trader? you may have somehow met one or a few great traders, or you could even be one ,what do you think of them?
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Success in trading requires a certain level of adjustments in almost every aspect of ourselves and actions as well, this success tips depends on the individual, I like us to share and I will take the lead: to be a successful trader you must keep your emotions separate from trading...
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It's now a well known fact that attaching emotions to making trading decisions could be disastrous, so arose the need to know how to effectively exclude emotions in trading. drop any tip you have below on how to control your emotions in trading.
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I hear most traders say, I just wasn't lucky with that trade, and I begin to truly wonder if success in trading has to do with good luck or if failures in trade has to do with bad luck.
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I have been thinking, if diverting ones focus from trading rightly to trading to make money will completely change our perception into the one that might always and consistently guarantee us profit.
