The traders mindset

[Oluwa-btc]

A trader is still a trader, even if they’re not successful, as long as they’re actively trading. Same goes for gamblers, even professional gamblers who consistently win are still categorized as gamblers.

The only difference is the strategy. Everyone has their own approach in trading, but some strategies work, while others don’t, and that’s what separates the winners from the losers.

Traders vary In cause of distinction,results,ideas/perspective, understanding and also interests.Perhaps,Not all traders get the same results at the end even with having professional objectives.
They're probably doing almost the same thing generally to make money for themselves,the only thing is the difference In accountability, patience,and their discipline.Traders are confident people and strategic thinkers all along.

[fikrett]

A trader is still a trader, even if they’re not successful, as long as they’re actively trading. Same goes for gamblers, even professional gamblers who consistently win are still categorized as gamblers.

The only difference is the strategy. Everyone has their own approach in trading, but some strategies work, while others don’t, and that’s what separates the winners from the losers.

Traders vary In cause of distinction,results,ideas/perspective, understanding and also interests.Perhaps,Not all traders get the same results at the end even with having professional objectives.
They're probably doing almost the same thing generally to make money for themselves,the only thing is the difference In accountability, patience,and their discipline.Traders are confident people and strategic thinkers all along.

All that matters in the end is green PNL for people on the market.

The rest is history and personal preference, though, of course, a patient and disciplined trader is a better one.

[jcojci]

I am a trader and I have been trading for over 5 years now. My strategy is to buy low sell high. I do this by looking at the market trend and buying when it's down then selling when its up. This way i make profits without much stress.

Yes, buy low and sell high is also my reason to trade. But that will not easy to get the low price every time we trade because we may miss many times a good chance to buy low. But as a trader, we have many times to check the market and get the low although that is not the lowest price but we can be glad as we can sell it when the price reach the high price. Yes, buy when the market trend is down will be a good decision and we just need to wait for a while until the market trend is up. We will make a profit from selling that coin and if we can do over and over, our profit will be bigger. But we must be careful because not all time the market will be good for trade so we must always check the market situation and analyze it before we trade.

[Wexnident]

~

Yeah, trading even with the amount of studying and analysis you do is still a really risky venture. It's no surprise even why people just consider it in general gambling since, well, even with all the knowhows, it can still seem like it's just gambling. And if you lose money even with said analysis, then heck yeah they'd say it's gambling.

Personally, I just gave up on it and just went to DCA. I do some light buy low sell high on some shitcoins I find occassionally but I never really spend THAT much on them, like ever. Rather than trading it's more like gambling most of the time.

[puloweh555]

I am a trader and I have been trading for over 5 years now. My strategy is to buy low sell high. I do this by looking at the market trend and buying when it's down then selling when its up. This way i make profits without much stress.

Yes, buy low and sell high is also my reason to trade. But that will not easy to get the low price every time we trade because we may miss many times a good chance to buy low. But as a trader, we have many times to check the market and get the low although that is not the lowest price but we can be glad as we can sell it when the price reach the high price. Yes, buy when the market trend is down will be a good decision and we just need to wait for a while until the market trend is up. We will make a profit from selling that coin and if we can do over and over, our profit will be bigger. But we must be careful because not all time the market will be good for trade so we must always check the market situation and analyze it before we trade.

Trading strategy is very simple, buy low and sell high, but it is not that easy. The market is very difficult to predict, this is where you need information and can control emotions. Have you ever felt that every time you sell low, the price goes up. Every time you buy high, the price goes down. So, the mindset of buying low and selling high is very difficult to apply when you do not seek information and cannot control emotions.

It is better to buy and hold the value of any coin that has good fundamentals for the future with a long-term mentality. We should panic buy when the price goes down and never panic sell. Don't just buy when the trend is down, buy when the trend is up. The market depends on how people think, and the trend is how people think. Of course it is good to consider other things, but never go against the trend.

[beerlover]

Trading strategy is very simple, buy low and sell high, but it is not that easy. The market is very difficult to predict, this is where you need information and can control emotions.

I think that is not what we called as strategy due to how simple it is. It is also easy but making a profit can still be tricky even for those that has a complex strategy.

Have you ever felt that every time you sell low, the price goes up. Every time you buy high, the price goes down. So, the mindset of buying low and selling high is very difficult to apply when you do not seek information and cannot control emotions.

There are still times that feels like someone is messing with us even though we already seek for information. This so annoying when it occurs.

It is better to buy and hold the value of any coin that has good fundamentals for the future with a long-term mentality. We should panic buy when the price goes down and never panic sell. Don't just buy when the trend is down, buy when the trend is up.

That is a must if we are an investor but unfortunately we are talkin about trading here. Traders doesn't hold coin for too long. Panicking is not good but we can just take things calmly. It is better especially if we are organized. Buying when trend is up sounds like a DCA which is again popularly used by the investors but traders needs to buy low and sell to profit at a shortest possible time.

[justdimin]

Panicking is not good but we can just take things calmly. It is better especially if we are organized. Buying when trend is up sounds like a DCA which is again popularly used by the investors

Usually I do not suggest DCA in the bullish market but in my experience, it is far better in the bearish conditions. When you keep adding at lower to low price levels, your average do get better a lot and DCA at bullish also will ensure that you will not miss the opportunity given that you have capital to spend. Regardless of your average buying price at both bearish and bullish markets if you are ready to hold for long period of time, you must be getting better returns which means your average price become completely negligible in this case.

Emotional management and risk management are very important for traders where as investors never need to bother these; they just need plans for DCA. Traders also may go for DCA but like you mentioned, profiting at possible shortest time frame must be more important and this case, DCA sounds complete meaningless in my opinion.

[Mame89]

A trader is a market capitalist who studies the direction of assets with the aim of taking profit based on changes in the price of the asset or assets. A trader is a reader and a studies. Anything outside reading and studying (research) is plain gambling. A trader can be positional, swinger, scalper or eventually trader. We can still group traders based in the tool the use in making prediction. Fundamental traders deal on news and technical traders deal on tools made available to spot market trends , peaks, direction and state. A good trader keeps emotions far from them when making trading decisions. Trading is fun but the risk is no respected of anybody not even the pro-traders

The trading world is evil for those who cannot take advantage of the falling knife, they will be hurt, but for those who can take advantage of the opportunity of the falling knife, they will be able to gain profit. All traders have different strategy patterns even though the goals they want to achieve are the same. Only mindset can make them successful in trading. Because trading reveals our true mindset and behavior. When successful in trading, besides making money, we will also understand ourselves and others better.

Trading opportunities will never run out, especially if you understand the market, if you are patient in waiting, and can control your emotions, then the opportunity will come and when the opportunity comes, run the trading plan with confidence.

[CroverNo01]

A trader is a market capitalist who studies the direction of assets with the aim of taking profit based on changes in the price of the asset or assets. A trader is a reader and a studies. Anything outside reading and studying (research) is plain gambling. A trader can be positional, swinger, scalper or eventually trader. We can still group traders based in the tool the use in making prediction. Fundamental traders deal on news and technical traders deal on tools made available to spot market trends , peaks, direction and state. A good trader keeps emotions far from them when making trading decisions. Trading is fun but the risk is no respected of anybody not even the pro-traders

Traders knows exactly what they signed up for and will go to any length to ensure they're making appropriate decisison that will suit their pattern in trades. The market is always open and also volatile for everyone that peaks interest in trading. I would say you better trade with effective risk management because I've seen good numbers getting humiliated and account liquidated because they've failed completely to adhered to instruction of the market. We don't rush trades when it comes to anticipating in the financial market, there's more things to learn because it never stops.

Talking about fundamental and technical analysis, which do you prefer? For me, I don't like engaging in stressing structure of the market which we consider to be technical analysis, it becomes more vulnerable for traders that find it difficult to catch up in the basis of the market, they're open and one step closer to continuously recording losses in every possible trades opened. While the fundamental analysis is quite simple, all you have to do is simply wait for the news, they're the latest trends you follow to get yourself equipped and ready to milk the market.

[wmaurik]

Yes, buy low and sell high is also my reason to trade. But that will not easy to get the low price every time we trade because we may miss many times a good chance to buy low. But as a trader, we have many times to check the market and get the low although that is not the lowest price but we can be glad as we can sell it when the price reach the high price. Yes, buy when the market trend is down will be a good decision and we just need to wait for a while until the market trend is up. We will make a profit from selling that coin and if we can do over and over, our profit will be bigger. But we must be careful because not all time the market will be good for trade so we must always check the market situation and analyze it before we trade.

The strategy is indeed very easy to do by anyone but the extent to which the decline occurs certainly cannot be predicted precisely and spending more time checking market conditions will certainly provide an overview of the decisions we will make and when we believe that we have got the right time then we can buy it to be able to make a profit when the price recovers but in this case we must still be able to control ourselves not to be greedy and if indeed the profit we want is enough then we can take advantage because if we have a target that is indeed unreasonable of course the profit we have received can be ignored because of our own mistakes and also greed in trading.

[Wakate]

~

Yeah, trading even with the amount of studying and analysis you do is still a really risky venture. It's no surprise even why people just consider it in general gambling since, well, even with all the knowhows, it can still seem like it's just gambling. And if you lose money even with said analysis, then heck yeah they'd say it's gambling.

Personally, I just gave up on it and just went to DCA. I do some light buy low sell high on some shitcoins I find occassionally but I never really spend THAT much on them, like ever. Rather than trading it's more like gambling most of the time.

Every trader can never be profitable and we need to understand that trading is not for the weak that do have the mind set that they can always make money from trading without any skill since they have been watching different traders online and know how to maneuver the market with other people's signals. Self dependent is the most important skill we can have when we are in a critical situation. We can always make decisions but when we don't have the self dependency, it would be a big problem to be making profits in the market with another person's signal. It is better to learn how to fish than to just depend on anything that comes our way.

[RockBell]

Every trader can never be profitable and we need to understand that trading is not for the weak that do have the mind set that they can always make money from trading without any skill since they have been watching different traders online and know how to maneuver the market with other people's signals. Self dependent is the most important skill we can have when we are in a critical situation. We can always make decisions but when we don't have the self dependency, it would be a big problem to be making profits in the market with another person's signal. It is better to learn how to fish than to just depend on anything that comes our way.

We know that everyone wants to make a profit but at the same time you have to make up your mind that it won't always happen the way you want it and this is why a lot of people have given up on trading and the fact that trading is not for the weak it comes with a lot of responsibility and not everyone can handle does responsibility and there days that you will make money and there are days that there is nothing for you so the earlier things like this are understood the better because we can not be wondering all around about what we want it to happen just like that.

And if you see people that want to make money by force they always want to do everything possible to be able to make a profit and this is where you see them even going to the extent of signing up for signals and other things we know how it feels when you invest in something and you are not getting returns it becomes more and more difficult to cope because your attention will always be on profit and some wrong steps can be taking.

we know how things make people feel and what people don't understand is that it is normal to actually fail, and when you fail you can always try harder but people will want to recover the money they lost which is a very wrong step.

[Rgram]

We can still group traders based in the tool the use in making prediction. Fundamental traders deal on news and technical traders deal on tools made available to spot market trends , peaks, direction and state.

You can not group traders in this way. A good trader must know how to do both technical and fundamental analyses. They are both important.

What you can group traders in are scalping, swinging, day trading. It goes as far to arbitraging and P2P. There may still be others.

Yes I agree with you..
Traders shouldn’t be grouped that way.. the right order is grouping them as scalpers, Day traders and so on..
Even those using p2p as you just mentioned are also traders as they also have little impact in the reduction and increase in asset value of the market..

[DaNNy001]

I do not agree with you, trading is not only related to knowledge, otherwise people who undergo intensive courses and deep knowledge of technical analysis are supposed to achieve good performance in trading and without a loss record/wrong orders.

Trading is related to risk management and related strategies, some trading strategies are low risk in the long term and some are more risky, your knowledge of these strategies and assessment of risk levels is what prevents you from losing.

Well said, your knowledge has to do with the terms in the market, market structure understanding and all other theories... these are things that you can read about and easily understand within a few months of learning, but having knowledge isn't enough to make you a good trader, like you explained, risk management and strategy development is of vital importance...some people have the knowledge but they don't know how to apply it, having the knowledge isn't enough you must be practical with it as well.

[Maslate]

I do not agree with you, trading is not only related to knowledge, otherwise people who undergo intensive courses and deep knowledge of technical analysis are supposed to achieve good performance in trading and without a loss record/wrong orders.

Trading is related to risk management and related strategies, some trading strategies are low risk in the long term and some are more risky, your knowledge of these strategies and assessment of risk levels is what prevents you from losing.

Well said, your knowledge has to do with the terms in the market, market structure understanding and all other theories... these are things that you can read about and easily understand within a few months of learning, but having knowledge isn't enough to make you a good trader, like you explained, risk management and strategy development is of vital importance...some people have the knowledge but they don't know how to apply it, having the knowledge isn't enough you must be practical with it as well.

Plain knowledge without practical application is too far to be regarded a trader. Skills and effective strategies are way more important. So if you plan to maximize your knowledge as a trader, do not just stop there, but develop skills and risk management plan ahead so that you can reduce the risk from losing and increase the potentials of winning.

Trading does not only require knowledge, but skills and experience matter the most.

[alastantiger]

Well said, your knowledge has to do with the terms in the market, market structure understanding and all other theories... these are things that you can read about and easily understand within a few months of learning, but having knowledge isn't enough to make you a good trader, like you explained, risk management and strategy development is of vital importance...some people have the knowledge but they don't know how to apply it, having the knowledge isn't enough you must be practical with it as well.

That's why having years of experience in trading matters because a veteran can't be compared to a newbies, there's always going to be a difference when the both of them are making trading decisions. A newbies will be more interested in making money without considering his defence steps that'll help protect his trade.

Meanwhile the professional that has been trading for longer period will prioritize his stop loss by making sure, he has added it to all the trades that he's making because he knows the importance of the stop loss to minimize losses which is as important as making profits. A trader mindsets has to be balance always between profits and avoiding losses because sometimes it's the losses that you avoid that's the real victory and not how many trades you won.

[Oluwa-btc]

That is why you should learn deeper about trading so you know what you need to do based on the current situation. You can not trading without making analysis because that can lead you lose your money. If you can analyze the market before you trade, you will see the chance to make a profit. You will know when you enter and quit trading because you can see that from your analysis so you can directly act according the situation.

A good trader will control their emotions and not involve it in trading because that can disturb their analysis and make them difficult to decide. Trading is fun but they know how to handle the risk not to become big.

Trading is about knowledge converted into experience, and said experience - into profit.
However, emotions sometimes block the potential of your sessions - they may help in some situations, but mostly, they push you toward acting irrationally, which is bad, of course.

Not only that, experience is also converted into knowledge and it's not a new thing for traders,as in professional traders.A trader's experience becomes knowledge for him in the sense that lessons, reactions are made and taken from moving from mistakes to structured approaches.
For a better trading experience,our experiences in trading should be intentionally studied because it remodifies and teaches the brain to pick up the absolute trading signals.

[CageMabok]

Yes I agree with you..
Traders shouldn’t be grouped that way.. the right order is grouping them as scalpers, Day traders and so on..
Even those using p2p as you just mentioned are also traders as they also have little impact in the reduction and increase in asset value of the market..

I never even group traders into groups even though there are also those who often use P2P every day to exchange one coin for another. Because basically they are all people who are trying to make a profit so things like exchanging and selling certain coins for other coins are actions to maximize the profit they will get, whether it is daily or weekly and so on. So I think those who work as traders should not be grouped even though we can make certain groups for them, but because the goal itself is the same, which is to make a profit, so I never make any groups for them.

[masulum]

Well said, your knowledge has to do with the terms in the market, market structure understanding and all other theories... these are things that you can read about and easily understand within a few months of learning, but having knowledge isn't enough to make you a good trader, like you explained, risk management and strategy development is of vital importance...some people have the knowledge but they don't know how to apply it, having the knowledge isn't enough you must be practical with it as well.

That's why having years of experience in trading matters because a veteran can't be compared to a newbies, there's always going to be a difference when the both of them are making trading decisions. A newbies will be more interested in making money without considering his defence steps that'll help protect his trade.

Actually, Newbie and Veteran are not reasons. But the different of them is what they started it for, what their strategy is and what their final plan is (IMO). Newbies who come by learning how to trade, then they can be considered to have enough knowledge to become traders. However, if they come because of fomo, they will not focus on their trading, because their mind s only instant profit like you said. Trader like this, can be considered as newbies, even he already trade for year or more.

[SquirrelJulietGarden]

Actually, Newbie and Veteran are not reasons. But the different of them is what they started it for, what their strategy is and what their final plan is (IMO). Newbies who come by learning how to trade, then they can be considered to have enough knowledge to become traders. However, if they come because of fomo, they will not focus on their trading, because their mind s only instant profit like you said. Trader like this, can be considered as newbies, even he already trade for year or more.

Have bad debut is truly bad but it does not mean your adventure will be bad and end terrible. It depends on what you will do after your debut as there is enough time and many changes for learning and doing corrections that if you can do early and properly enough, you can convert bad start to something better.

Start trading without knowledge is bad, do it with learning and knowledge at beginning is better but not enough because if knowledge can be easily applied so that all traders in this market are able to get profit, it's no longer a dangerous market in which more than 80% of traders are losers. There is another vital element for success in trading, your experience and you can get it through preparation with demo trading.

If you spend enough time for demo trading, it can help you have better preparation but remember that trading in Demo and in Real accounts are very different. You will have more pressure, emotion and psychology will be affected by the market more with Real accounts and your money than with demo account and demo trading.