What does it take to be a successful trader?

To be a successful trader, it all starts with having faith in yourself. If you truly believe you can succeed, you're already on the right path. But if you're doubting your abilities, you might end up making trades that confirm those doubts. Just a heads up: around 80% of trading is all about the mental game, while only 20% is about the technical stuff. So don't overlook the psychological side, since that's what can really set you apart in the trading world. TRADING ETHICS 1. Every time you enter a trade, you should expect something significant to happen. 2. The less you focus on being right or wrong, the easier it becomes to enter and exit trades. 3. By cutting your losses quickly, you keep yourself mentally free for the next opportunity. Sometimes, you'll need to work on your emotional side before getting into the logical side of trading. Emotions can push you into certain decisions and mess with your mindset, so it's crucial to educate yourself emotionally first. By doing that, you can find your way to being a successful trader.

A profitable trader has a clear strategy and has an ultimate goal in trading. A profitable trader practices proper risk management, emotional control, and has always been flexible and positive despite the negative outcomes in trading. Although I cannot say that I’ve always been a profitable trader, but at least I know now how to maximize my trading returns and lessen those risks that bring me into losses.

Sure, a sane trader will always be expecting to win a trade he or she took, but that doesn't mean that he will win it, because the market don't give a fuck on how you think, if you know nothing in the craft, their is no way you will be profitable boy, knowledge in technical and fundamental analysis is very much important in trading. This is bullshit, you can't be less concerned when your money is involved. Even though you trade with an amount you can afford to lose, as long as it's your money, it must be of concern to you, it's only when trading with a demo account you feel less concerned on the final outcome of the trade. It's good to cut your loss early, but diving into another trade in the same mental state is not a proper thing to do in my own opinion because you might make an emotional decision in the process which will be a costly one for you.

Believing in your ability to make successful trades is fantastic but that would also have to depend on how much time you have put into learning what's required to go with such confidence. You can be confident with nothing in your head as guide and make huge losses Emotions plays a major role in trading, getting too emotional about how a trading position you've just taking is directed to away from your expectations can make your mind lose balance to focus logically on what right decision to take next and on time before things get worse. Every traders needs to work on their emotions it's really important. like the popular saying "he who fights and ran away lives to fight another day", end of quote. This practice in trading can help a trader manage and minimize his losses. You don't have to wait until things get worse before you have to close that trade on time that has shown to be a total loss. Like a fight, it's not all fights you'll want to fight to the end, that's exact mindset some trades taken should be viewed in order to maximize profit over losses.

Thank you. We have been active in trading for a long time. Sometimes things that cannot be expressed, then we keep quiet so that we do not convey them. If this is purely from the thoughts and experiences of the op, the contents of this topic, especially the note section, op means that he is experienced, not a beginner anymore. The title is a question. The content is an advice. Cool.

1. Not all the time on which positive will happen because we do know that not all trades will really be having that positive results. 2. When you are emotionally prepared then you wont really be finding yourself to be that impulsive. You can handle loses well and easily moves on. 3. Be versatile so that you wont really be that making yourself that desperate specially into the time that you are losing. Just be prepared and accept it out and learn from it. Becoming profitable isnt something that would really be that so easy. It does takes up some time and tons of trial and errors before you can be able to have a good grasps into it. Its never been simple and its never been that short in duration on which it does taking up some time and you should really be that patience into it.

First, Being patience in your trading will make you profitable as a trader because you will not trade when the price is not going to be favourable to you than to continue exercise patience for the price to move higher before you can trade with confident to secure what you want. Secondly, Trading in the bull run can make you profitable because bull run always make the price of coins to increase to make traders to know that the market is good for traders to take profit. Thirdly, hodling your coins long periods of years before you can trade are part of some of the things that make me profitable in crypto trading today, and if you make use of long years hodling before you can trade it will boost your profit.

So you mean mindset is everything in trading. I think believing shapes your decision and  keeps you from sabotaging your own progress cause if emotions like fear or greed take over even the best strategy falls apart. For me its good to have a target sell either to make profit or to cut losses just liking having a backup plan if your main goal doesn’t fall into place. We need to stay mentally ready so we are always prepare for the next opportunity that gives you the edge in the market.

Another big fact about trading is 90% of traders have losses, and only 10% of traders or up to 20% of traders have profit in long term. About psychological effects in trading, it's very hard to control your emotion in short term and maintain good psychology in long term within a volatile market. Because in general, it's really hard and there is risk of losing control of yourself, you never should start trading if you did not learn about trading, the market, its cycle, its different risks from news, fud, regulations and liquidations as well as best weapons to help your trading. Best weapons are orders, tools that can help you defend your trading capital that must be protected as most as possible. As a trader, if you lose your trading capital, it's like you are losing your blood in life. Use stop loss order or Stop limit order.

Being a profitable trader need to have more skill and controlling over himself because he will see many fluctuation in the market. If he can not control himself better, he may attract to enter the market without analyze and even if he believe himself that he is a good trader, that will not work because he can not analyze better. If you just believe that you are profitable trader without learning more about trading, that will not support you to become a good and profitable trader. That can only make you become over confident pretending that you can make any profit anytime you want. If you don't realize that, you will start losing your money and end with regret.

If you want to be a successful trader you have to keep on doing a lot of things and gain a lot of experience online, you will need to see the updated online cryptocurrency. It’s very important to believe in yourself in your trading case if you don’t believe in your success, success won’t come to you if trading is probably a highly tragic process and success will be much difficult to get if your mentality and emotion is not controlled. First of all, you must comply with the trading policies of trading if you follow all the rules of training, you must gain your profit from here. And if you enter here without having full experience, you will take defeat from here and you can surely become.

I think there are some that are still new in it and then some don't still touch trading no matter what. As they say, action speaks louder than words and it is better to be quiet but have more in mind, than to be noisy and got only less or nothing. But if you mean it that you can't really explain what you are experiencing, I think you can just use some videos about your actions and people that are intelligent might get it. OP can write like this but it does not always mean that they are now genuine, especially if they drop some links that requires joining E.g. a Telegram group as that can be their tactic to gain a customer for their service but I see nothing there, so maybe this OP is different.

It's not easy to become profitable traders, that's the truth, unless you are an expert scalper in trading. But if you are just like us or like me who only have ideas and knowledge, I will admit that I can't do what those scalpers do. Because as others say, you must have a strategy that is perfect for you that can always provide profit every time you want to do trading activities, whether it's crypto, forex or stocks. Because we know that the digital currencies that we trade are very volatile. So what I'm doing right now is just playing safe through spot trading activities, I'm taking a break from futures trading.

Someone told me to be profitable, I need to know my priority every market shift. During the bull run, accumulating Satoshis can be as important as your life because Bitcoin price is rising but in the bear market the USDT should be important to you because its the only currency that keeps you afloat while prices are dumping.  In other words, convert your coins to USDT when the bear market is coming. Seem a good advice to me.

Most of the traders think of positivity to become profitable. But that's not going to help because the actual market is so harsh and even the profitable and best can still get a decent amount of losses. That's actually how it goes for both market shifts. During bear markets, it's the best time to accumulate. And when we're in the bull run, take profits and convert them back to USDT. Take some profits for yourself and wait again for buy back on the bear market. Rinse and repeat, congratulations.

I can say that 10% will really be that technical and 90% will really be based up on experience. All of learnings could really be gained through real experience and this is something which you would really be needing up to consider. You would really be needing up to hover yourself towards this market in order for you to have to gain up that experience. It will really be taking up some time because becoming a trader will really be that having that tons of learnings before you would really be able to make yourself a profitable one on which its never been that easy but its not something impossible. Being profitable will really be depending on how well you do ride with the market on which this will really be leading up into such condition on which we will be able to make ourselves sustainable. Once you do able to have such skills then this is where you will really be that starting to find out yourself on being that sustainable. You cant be perfect on each trade but the most important thing on here is that you do really know on what are the things you should gonna do specially when you are really that up to deal with this volatile space. Of course its not something that will be that easy but once you do have that good grasps towards the market then you will really be having that at least having the idea on how this market works or behaves on which this will really be that making you sustainable.

Agreed that experience is a good and probably a bigger one, but 90% seems a little high. What we should be considering is 70-30% type of deal, that seems like it would be a lot better return. If you could learn all the technical details, then you will realize what you need to do and if you could make use of those, then rest is of course experience. But, 90% suggests that you could just learn from experience and technical parts have very limited help from all of this and we can't make a lot of money from them. You need those technical parts to gain experience on them. You learn how to read a chart, so that reading a chart would make sense, if you do not learn it then why are we going to end up with any good return at all.

Confidence isn’t enough. It’s nothing if you don’t have the real knowledge, skills, and proven working strategies in trading. You have to be well smart in creating market analysis because your own analysis will be your source on how you perform trading in the market, and what certain coins you prefer to trade. Trading is never predictable, so as much as possible, you need more focus and determination when trading, and lastly one needs patience and a lot of understanding and positivity. If you don’t make profits this time, at least you learned your lesson and be smarter enough the next time you trade.

20% is too small to allocate to technical analysis I think, it is more important than 20%. You can be psychologically ready but with the poor knowledge of technical analysis, your psychology will take you no where.  Believe yourself but also work on trying to learn because believing yourself before you have enough technical knowledge to support it will make you hurry into the market and make mistakes that you could regret forever, mistakes that could stop you from even continuing to want to trade. It is important to believe in yourself but back that believe with the knowledge of knowing that you know what you're doing.

To be a profitable trader psychological knowledge and technical knowledge are all represented because in most cases experience plays the most important role.  And when trading especially when someone invests they should set a specific target every week and every month a minimum of 15% percent and a maximum of 20% percent can be targeted here. Although the percentage of profit you make depends on how many dollars you invest and your experience your original fund is very important here be it more or less.