Quote from: Maslate on July 24, 2021, 03:32:20 PM

Quote from: pawanjain on July 24, 2021, 02:52:21 PM

Quote from: doctor877 on July 18, 2021, 10:21:05 PM

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle.

That sentence just hit me hard. It actually makes sense. With time and practice comes experience.
We have to practice trading regularly and not lose hope when we lose money. As you said consistency is the key.
Even I have started to learn to trade and practice it regularly. Yes, I do lose money but sometimes I do make profits.
I hope at some point the amount of losing money will decrease and the profits will increase.

That only happens when we fully change our mindset and think that continuous working on our market knowledge and enhancing skills will have positive results. We shouldn't be confident that we already know the basics but instead go beyond that level of understanding as this will place a big role in our trades. Because as we are motivated and seriously consider trading is a passive source of income, the more we are encouraged to work hard and help ourselves to become better.

Confidence is built automatically with time but what many do is they become over confident about themselves which leads them to losses.
Losses are a part of trading. We can't keep making profits every time. But having proper money management and risk management could help us in decreasing the losses.
We need strong will and determination to be able to work continuously towards achieving our goal.
Mastering trading and that too in the crypto community is not a piece of cake. Many have failed miserably and I am sure that only the professionals survive in the long run.