Re: Professional Trader

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.

I personally learned this the hard way, I was a newbie and I saw people talking about trading and how it is profitable and how they earn a lot from it so I was tempted to try it so I saved some coins and jumped into it without learning about it or having any experience and I lost all of my coins doing the wrong decisions, so I quit it and thought it was a lie and people were just lucky, but over the years i learned more about it and I tried it couple of times until I was able to get profit.

I agree with you. For trade, you need experience and knowledge. Ability to analyze the situation and news. I have a similar situation - I started trading without experience and lost everything. I was very angry. But then I realized that it's all my fault