Quote from: Joeboy on Today at 10:34:02 AM

There is a popular saying which goes this way ''The goal of every business man is to maximize profit'' and this saying is the central philosophy of so many trader. Let's be honest, most people get into trading because they want to make profit. 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.

just like someone recently posted, there is a chunk of gambling in trading crypto or forex. The major things needed are experience, understanding of the real market moving coins at different situation without exempting the political issues and trends pertaining trading.
It can be very daunting trying to understand the specifics of the market. In all, you are not wrong with your points but its not always a perfect circle when we are talking about online trading skills. thereare some fundamentals that might distort trades unexpectedly. In a nutshell, always trade with the known skills that work for you while you keep understudying other strategies for full comprehension

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