How to be a disciplined trader?
If you are reading this article, you have probably thought about how to make trading not so aggressive with you and your money, because come on, we all know that it is really cruel when we do not know much about it. But next, I will make you a small list of things that you must carry out to see trading as a job and do it seriously. Believe me that when you stop seeing trading as a bookmaker, or a roulette wheel of luck and you realize that it takes a certain study and discipline, you will understand that it is a job that requires a lot of discipline. Keep reading to give you some tips. Knowledge: Learn, educate yourself, read, believe me that with this immense cryptographic world and that it is constantly evolving every day, it is never too much to learn from everything. I'll be honest, trading has a bad reputation, but it's because hundreds of people spend entire days sharing information, true or false, based on their experiences or those of others, but in trading the only one who can understand their way You are yourself. So be very careful where you learn or who teaches you, there are many ill-intentioned people who will want to profit from your ignorance. Try to learn on your own, do not choose the easy way, that many times to be the best we have to prove it in good times or bad. Paying for courses can be a scam because they are really expensive or they may not really help you as they should, trust you, only you can do it, someone who learned by himself and lives from it now tells you, will it be easy? No, but it won't be impossible and you'll end up loving it. Action:
Now all the knowledge you have acquired, you have to put into practice, and it is the only way to emerge in trading. It is very scary to make operations at the beginning, especially because at the beginning we are going to lose a lot, but I promise you that a great trader will come out of those mistakes. Practice as much as you can, obsess over it, spend all day backtesting, create your strategy, find a way to protect your capital, take profits and grow them. The more you test your strategy and modify it for the better, the better it will be and you will lose very little compared to what you will be winning, so try it. Leave fear, fear will be your worst enemy, because to grow you need to put everything you learned to the test and put it into action, there is no other way. Constancy: Promise me and especially you, that if you start, you will not leave your strategy after a week, nor will you quit because you had a losing streak. I have had articles talking about it, many times because the strategy has bad streaks, people give up and abandon everything they have done, without realizing that this is part of the process and it is something that as a trader you have to live with. Always keep going, if you are going to stop, it should be to see what is happening and how to improve it, believe me that everything will improve over time. Don't be like that person who leaves in the storm and can't see the rainbow, be like the person who knows that after the storm comes calm. Live account:
Use the real account, don't waste time practicing with demo, I know it's a good option but it also delays. Because many times we test a strategy and everything goes well, but what happens, being an account with fake money, we are not afraid of losing it, nor are we afraid of entering a trade, nor are we afraid of news or changes in the market , then we trust that everything will be like this and when trying it with real money we are faced for the first time with our emotions. Emotions that can make us close trades ahead of time, open trades out of desperation, fear of losing money then deciding not to trade and thus losing all the signals, then all this is a process that you cannot skip, so it already starts that way . My advice is that you don't use a lot of money and have money to maintain losses, but believe me, if you have your strategy well defined, you stick to it and comply with it as it is, there will be no problems. Cost effectiveness: The best thing that can happen to a trader is to be profitable, that's where you realize that you don't want to become a millionaire from one day to the next, you also know that you can't get rich so easily and what counts is that you always have more profit than losses and better yet that your gains are always greater than your losses. The rest is "mountain and snake" a very colloquial Venezuelan saying, which means that the rest is nothing. **Profitability does not come from one day to the next, to be profitable we have to put into practice all the tips I mentioned above, so I hope that if you got here you liked my article and better yet, that you understood it perfectly.** **Without further ado, I say goodbye to you and wish you the best for the remainder of the week.** **Happy Thursday...**
10 comments
Happy Thursday! This article made me understand trading more as you've pointed out crucial ones. Thankss.
that will always be my intention dear, that you can easily understand everything I say
This is not easy and yes we need those things you mentioned.
Not easy at all, but nothing worthwhile comes easily and without work, so get to work
Two things that are keeping me on a sports is the personal learning and paying fee for tutorial. The sole learning is somehow difficult because cryptos words and chats are confusing. On the other hand, the paying for fee could result to scam too.
If you start to see, everything is a risk, but in life you have to take risks that make you progress, experiment and take a great learning that cannot be bought anywhere
I have to agree with you on the live action. That is when everything is heightened up especially your knowledge and emotions.
It is that yes, if you do not take that step, it is very difficult for you to achieve it, since it is not the same emotion to do it in demo than live
I agree with everything that you said, ad it's very necessary to be surrounded by someone who is knowledgeable and can be trusted about this to guide us in the right ways.
Yes, we must be very careful when choosing who will be our mentors. That's why the best way is to experiment on our own.