Quote from: SmokerFace on April 26, 2017, 02:49:18 AM

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Quote from: SmokerFace on April 25, 2017, 10:22:11 AM

Quote from: tyson187 on March 29, 2017, 01:55:54 PM

Today,we could see lot of newbies daily entering the crypto currency market and struggling to gain profits.To become a professional trader,what are the characteristics to be developed?

I'm not a professional or a newbie trader, just an average trader because im just 2months old in doing a altcoin trades but i can give you a tip to become a good trader.
The characteristics to be developed for becoming a trader is:
1. Analyzing - it is the most important thing to do when you making a trades because many altcoins turning into shitcoins and big whales making a fake pump to get a victim, the most people they victimize is the newbie because they didn't know if the coin is getting pump continuesly and they buy it in the higher price when the coin is trend.
2. Patience - after you analyze the coin you want and when you get a good news or projects about it you need to be patience if you know that the coin has a potential to rise just hold it for a long time and it's called longterm method.
3. Strategy - strategy and good thinking is best too Ex. if you buy a coin in 25sats then it will rise to 100sats then you read a news that the coins will get dumped because BTC price will getting pump, You need to sell it in 100sats and wait it to dump again then BUY then you have a 300% profit + another profit when you buy again in low price Grin

That's the only thing i know in trading but experience is the best key to success in trading bitcoins and altcoins GOODLUCK! Grin

I agree. These are the three most important components for a successful trader. And of course we need experience that will come with the time of trade.

All of the professional traders here in the bitcoin industry is already experienced a bad thing like losing alot of money when they're begginers because they didn't know thr tactis about trading, Just accept if we lose it is normal to all of the trader but all of our loses we need to learn a new things and strategies to earn a good profit.
Take Note: a good trader take a risk because everyday is not a lucky day.

One point we must accept, every loss in trading is a way to become Professional Trader. Don't get scared when you lose money in trading. This is happening in all business you must be very strong and ready to take a challenge. Don't get panic if the price drops suddenly. The 2nd point patience you remember this and wait for some time your lucky day will come. when you start to control your feelings, then you will slowly become a Professional Trader.