Quote from: adultcrypto on August 18, 2025, 11:53:46 PM

Quote from: Princesslelee96 on August 08, 2025, 10:09:42 AM

A friend of mine embarked on trading without a proper mentorship and lost all his assets.

So I want to ask? What are the criteria’s to become a good trader?

If you want to succeed in trading, look for a decent strategy (Youtube can help), then learn it very well by taking notes. The proceed to any broker and create a demo account which you will use to test the strategy you just learnt. Test it until you see that it is working properly then write out all the steps to take when trading with that strategy like the entry criteria, the stop loss, the take profits and the targeted RR. If you have done this, test it again in the demo account and see if it will help your equity to grow, if yes then fund your account with amount you are willing to lose and trade it without fear.

My recommendation for trading without fear is to go ahead with a long term accumulate strategy. A strategy of investing through discretionary means, not with saved money. In crypto investing, you need to combine experience and capital if you don't have thats tools, you won't be successful. And patience is important. You recommended Youtube and demo account to learn trading. Okay, but as a beginner continuing to accumulate small amounts and learning through market analysis can be a great strategy for you.

As you learn more and increase your holdings you can apply both long term investments and short term trading strategies. As you gain experience, diversifying your portfolio and staying calm in any price situation are all important things related to trading/investing.