1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.
this is trading board no investors advice so when you speak of capital you are talking about the amount that traders put in. and that depends on the strategy that the trader uses. for example many use high risk strategies, invest big amounts and make bigger profits and it doesn't even last a week let alone 6 months. and even if you are using lower risk strategies it still has nothing to do with 6 months. trading is an active thing which you constantly have your money in and out not just sitting idle.
2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.
very true. you need to gain a lot of it too and it will only be gained with spending time on the market and watching it.
3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.
I wouldn't call it "patience". it is more like using your brain and not your emotions. for example when the FUD comes, not selling is not the wise choice. but instead selling at a right time is a wise choice. for example when it starts you sell before the price is dumped to the bottom not after it reached the bottom. but unfortunately when FUD comes most newbies wait until last moment to sell and that is too late and they lose money.