So I want to ask? What are the criteria’s to become a good trader?
If you can master your trading psychology, then you have done more than half of the work already because the market is you vs. you. The remaining side is a good strategy to help you in the market. The majority of traders fail early because of poor psychology; they are too quick to make profit, and even when they make the analysis, they are not too sure of it, so they kick out even before they can make big profits. To be a very successful trader, you need to develop a strong trading psychology and then have a good strategy to back you up.
With mentorship alone, you learn strategy; you need to do the extra work of mastering your psychology.
Yeah sure. Trading successes emanate from the mind and it's not as easy as anyone may think. Most times, without your money invested, one tends to predict accurately maybe because he has no mental pressure or anxiety. So if anyone would be successful in his bitcoin journey, he has to first prepare his mind and avoid greed too. Even though trading is generally risky and has greater chances of giving you a cumulative loss, but if you must do it you must be prepared for the risks too.
I would also add that it is not right to trade with a borrowed fund, this will help you in maintaining your cool while timing the market. A borrowed fund in trading causes more losses due to anxiety and fear of loosing the entire money.