Quote from: Mahanton on July 13, 2021, 07:29:49 PM

Quote from: dbc23 on July 13, 2021, 03:26:07 PM

It's just as simple as the both goes hand in hand both for technical and fundamental analyst. Trading is one career that requires steady update on how the news could affect the direction of a trade or possibly how an indicator or a candle stick can direct a trader on where the market is heading. If there is no time for a consistent update on your previous knowledge as a trader I guess at some point some level of gambling sets in.

A successful trader isn't a trader who makes consistent profit without any loss but rather a trader who knows why his trade went the opposite direction and also a trader who understand risk management. Most traders makes massive profit in a single trade and blows everything down in the next trade as such there is no professional despite his initial achievements. To maintain clean records of both profit and loss margin reading as a trader is inevitable because despite the level of knowledge you might have acquired there must always be a newer technique you learn each time you seek to update your previous views about how the market behaves.

Only gamblers stay a full month without refreshing their memories on what the already know because in as much as trading is concerned there are multiple ways of predicting market flows and it only takes consistent research to get a hand full of approach to maintain a good profit margin in trading.

A good/consistent/profitable/sustainable trader does know the following;

- Good risk management
- Good emotion handling
- Good finance handling
- Good on making back up plans
- Accepts losing trades and doesnt get impulsive
- Knows to read up TA and FA consideration

People do mostly realize in the end on when their expectations had failed out on the market.

You seem to be a professional trader! I'm curious to know since when have you been involved in the crypto market?
I don't trade often, but I always keep an eye on the market and wait for the opportunity to buy at a good price. I think that a trade should manage capital in the most effective way, of course risks will always occur. So no one dares to claim to be a good trader.