Quote from: Jody.Drummer on January 12, 2025, 04:46:13 PM

Quote from: Rruchi man on January 10, 2025, 10:32:31 AM

Quote from: surgeflux.cc on January 10, 2025, 09:28:02 AM

Becoming a profitable cryptocurrency trader demands a blend of knowledge, emotional discipline, effective risk management, and patience. It requires a commitment to continuous learning, strategic planning, and the ability to adapt to ever-changing market conditions.

To gain mastery of all these, you need to give yourself time as a new trader. Impatience can stop your progress as a trader because you are expecting to be super profitable on very short notice. Give yourself time. If the timeframe that it took another trader to become profitable is a year, yours may be longer and some other people's own less, hence the importance of not using another person's time to measure your own. Aim for progress, not perfetion immediately.

Yes, these are the basic points that we must pay attention to and maybe if we sort it out further, there are actually many derivatives that we can discuss here.
One thing I can say here is mentality, mentality is very important in trading. Because if we don't have it, then everything we have planned at the beginning will not work.
I have experienced this myself when I first got to know trading. Yes, at that time I remember very well that I felt that I had prepared everything, but one thing I didn't touch was mentality. Honestly, at that time when I experienced a loss, I couldn't think normally anymore because what I felt at that time was extraordinary panic. However, as time went on I began to realize that it was a mentality that I had not formed at the beginning.

When you do make out such considerations on dealing up with trading then you will be needing up that skills on which its a common approach that you will be having that good mindset and having that good emotion control plus having that good risks management on which this is really that indeed important for you to be able to find up for yourself on which one will fit out. Trading skill isnt something that you can be able to learn in a short time on which not all information that will really be that written or could be read up online and the rest of it will really be gained through real experience on which this is something that a certain trader must do if they do wanted to be that progressive. Essential skills will be pertaining about into those things i have mentioned above and on the moment that you will be having those things at least then it will be that too impossible that you cant be able to determine yourself on what you should gonna do at the time that you do able to experience out on different scenarios or conditions that you will be able to met up. So its up to you on how you do make out adjustments accordingly. Just go with the flow and set out limits and adjustments on which basing up into the things that you are getting involved with specially on dealing up with market movement. Profitability will really be just that coming at the time or moment that you are able to learn up a trading skill but this wont come easy and really that takes time.