Post
Topic
Board Trading Discussion
Re: if you are a trader, how long it took for you to become profitable trader?
by
Dr.Bitcoin_Strange
on 05/12/2024, 17:57:49 UTC
-snip-
Yeah, some traders finds it more conducive to trade just maybe twice or thrice a week, which what ever profit they make  with those time period, they would be okey with it and even if they experience losses, they will try again next time. Being successful in training require the trader to be principled with every trading strategy they are using and also respecting their own rules of trading. For example, if you say you are going to take 2 trades in a day, don't exceed two, if you said you will take profit at +10% for the two trades, don't exceed it. That's being principled and obeying your own rules for trading.

But in most cases - many of those traders tend to be undisciplined with their own rules especially when the market tends to give them great opportunities to gain more profits. Discipline with your own rules is important - of course it can keep you from being greedy, but sometimes you will be tempted to adjust your strategy when the market gives you a big opportunity.

Trading for 1,2,3 or 4 times a week or month depending on the plan and time of each trader. I don't usually trade that often during the week - for me it takes too much time even though there is potential profit that I can make. Once a week especially when there is the right momentum for me is much better than having to trade every day or as often as possible with the same profit.

Actually, this morning, I did the opposite of what I talked about and it cost me to have my account liquidated. I took 2 successful trafe already which gave a return of not less than +50% in those two trades, I feel I saw a good entry position and I took the third trade and that was how I lost it all. Meanwhile, I already said to my self that I was going to take just two trade. Didn't know what pushed me, greed perhaps. I have learned a hard lesson tho.