Post
Topic
Board Trading Discussion
Re: How to Think Profitably - a Trader’s Mindset
by
slaman29
on 23/05/2019, 08:09:38 UTC


Good read mate, and I somehow agree. I think what this strategy likes to front is the fact that trading is a science, and so, it should be measured through terms that can be quantified. I agree on that idea because some people just like to randomly choose some coins and bet on it, without actually looking behind its history and in its background to them that idea that having to strategize to gain big through trading is possible. Many of the seasoned and successful traders have often stated that there's a lot of data gathering and appraisal that is connected with making it big with the cryptocurrency market. If one is not patient enough to do some road work, then it would be highly unlikely for them to succeed.

Of course we can all agree to a certain extent, that mindset helps people to get success. With a positive mindset you see opportunity, if you were negative you wouldn't have seen it. But something like trading isn't just about individual strengths and individual control. The market is a different entity, uncontrollable and you have very little ways to minimize your own risk, every trader is almost completely vulnerable to how the market moves, no matter positive or negative.

And that is something people need to realize 100% before they even think to enter trading.