Quote from: Emmybit001 on May 16, 2024, 09:06:13 PM

As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.

it is good you focus on the process and also the same time focus on how to make money to because if your focus is to dependent on process you might be scared of taking some kind of risk, and to reduce the amount of stress it will be much better if you just hold and have your eyes on the market. because a lot of people are scared of losing there money so it will be better to focus on holding than trading because trading needs time and you must also know how to do market analysis. because a lot of people are always avoiding losing money and that is one thing that discourages people when it comes to investing or even trading they want to make money but they don't want to lose money which is not possible.

Quote from: lixer on Today at 01:18:22 PM

Well, you can't say that one wouldn't have any loss if they stayed focused but it can reduce the potential losses they could get if they weren't completely focused. A trader can't trade without any losses at all, even if someone is an expert in the market, they will still have losses because you can't be right all the time, especially when you are in such a volatile and unpredictable market.

You are right about focus being a necessary aspect if someone wants to be successful in something, especially if it's something where you need to keep yourself updated with what's happening. When we talk about financial markets such as cryptocurrency market, one needs to know every single thing happening to be able to gain success.

when anyone start trading there will be series of mistakes that will be encountered but continuity you will become a master in trading and that does not make you immune to losing money because even professional traders lose money this shows that nobody is an exception to this and it shows that you are learning and you will continue to be better at what you do. because the market can change even with your analysis done, and would you give up because of a view analysis. getting deep you need to have in-dept idea of what is going on in the market, it takes more energy than when you want to hold, holding it setting your limits makes everything very easy. compare to when you want to trade.