Post
Topic
Board Trading Discussion
Re: Who are the 1% of traders who earn with trading?
by
posi
on 18/12/2020, 14:43:04 UTC
In my opinion, the 1% traders that remain profitable are traders  who are passionate about trading crypto, who always learn from their previous mistake, control their emotions, never panic sell, have a reasonable stop loss strategy, never follow hype and know how to select good coins.
Isn't that also about skills & experience which can be learned by you, me, or anyone else reading this? Besides, it's not only about crypto trading, but trading overall - equities, FX, crypto, derivatives, just anything.
Yes, it is. The strategy I mentioned can be used to trade in other patterns of online trading or investment you mentioned but you can't compare them all to cryptocurrency because crypto is volatile, only traders that have already learn how to maximize their profit over the loss and also seize every opportunity presented by the market can trade crypto.
In trading, it's good to always seize every opportunity that the crypto market has to offer but expect that not all opportunities will give you profits because sometimes, it's there to give you lessons to learn.
There will always be a time to learn a lesson from trading decision and thats why I always advised traders to also have knowledge in selecting the perfect coins not just a hype base crypto that will be worthless in the future.

If you chose to be more patient and always control your emotions when trading, then you can be those 1% who remain to trade successfully after long years in trading.
If the invested coin is good the next thing is to be patient.

I guess the reason why some traders don't last in this trading activity because of their thought that trading gives you quick profits and make you a millionaire in just a short period of time which is definitely not true.
That's was the first impression i also had when i joined cryptocurrency and i have made a lot of bad investment decision but learn from it.