Quote from: Dr.Bitcoin_Strange on Today at 05:57:49 PM

Quote from: _BlackStar on Today at 05:40:08 PM

Quote from: Dr.Bitcoin_Strange on Today at 04:25:07 PM

Quote from: kawetsriyanto on December 04, 2024, 09:46:01 PM

-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.

On the time or moment that we do able to make good profitable trades in a row then we will really be having that kind of boost of confidence that we can be still able to do further on that particular day. Instead on trying out to stop and call it a day,then you have decided to make more. This is what we do called overtrade on which this is really that bad on any aspect because not all the time or moment that we will really be able to make profitable trades.
Well, this is something that a typical situation that do happen on an individual because we are just humans on which there are really those times or moments that we do become greedy and cant stop ourselves to make some good trades even more. At the time that you have liquidated your position just because of being that too desperate or hopeful for more good trades then this is the time that you do make out some learnings.
Experience would really be the best teacher on any case on which you do learn up accordingly basing up into the things that you do encounter along the way.
As for the duration on how long you will really be that making yourself a profitable trader then it will surely vary, there would really be different factors that need up to consider specially when dealing up with trading on which there are people who are fast learners and able to understand quick and there are those slow ones and cant easily be able to make out adjustments on which it slows them down on learning up on a fast pace manner but doesnt matter as long you are on the right path then you will be able to achieve such target.