Let's be honest, most people get into trading because they want to make profit.
No, we are all for profit. There is no sane person in the world who starts trading with the aim of losing money but if we are honest, we get into trading because we want easy money because that's what trading offers us.
If trading lacks monetary value am very sure that most crypto traders would have ceased being a trader a long time ago. Overtime time most of us am sure including myself at some point discovered that trading goes beyond just knowing when to buy and sell.
This then bring me to the overlooked key to long term trading success which is ''Risk Management'' I know to some people this concept may not be as flashy as doubling your wins or make huge profit, but the truth and reality of the matter is that if your loses cannot be properly managed, you as a trader may not even last long to enjoy your wins.
Things like setting stop loss, not putting all of your money in one single trade no matter how sure you are, understanding your risk to reward ratio, knowing when to sit out a trade , all of this makes a huge difference. Its not about being scared but being smart.
Don't get me wrong friend as your know am still a newbie in this forum so it's not like am maybe condemning any trading style or trying to act like a professional. According to Phil Collins ''In learning you will teach and in teaching you will learn.'' So I believe that learning is two way both the teacher and even the learner learns. So I am even also learning
At the end of it all the market is uncontrollable, and how you respond to market is what is what can be controlled and your ability to respond well to the market is what makes you more successful than others in the crypto/ forex space.
I think that the key to long-term success is patience and sticking with Bitcoin, Ethereum or any other cryptocurrency that is not driven by the hype only. One of the biggest mistake is also when someone invests into wrong altcoins and keeps patience. In this case, patience doesn't bring anything good but if the person invests in Bitcoin, then patience is really key to success. Also, patience is necessary during the bear market because you have to wait enough to see a good dip to than buy at the bottom and make a good profit later when you sell at on top.