Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto

The divinity of the cryptocurrency trader is within himself


There is no particular degree that makes us successful cryptocurrency traders, in schools and courses we learn specific skills, which although they are the basis for our performance, do not ensure absolute success. Based on everything that has been learned so far, I present some ideas that you might find useful.

In the first place, I believe that a trader (in any of its categories) should always have a plan for their operations, despite the belief of many detractors, trading is not a random game, facing the market is not "throwing the dice" and rely on probability. The cryptocurrency or any other asset trader has to be fully aware of how the markets work and the principles behind these trades. A successful trader must start by studying all the ins and outs of that market he intends to deal with in order to eliminate all potential emotions in buying or selling.


His risk profile should always be an extension of his thought process and be sure why he makes the decision to trade a given position. He does small trades until he has established a rhythm. If he is satisfied with the results of several recent operations, he is not in a hurry to plunge into another immediately. It is very common that even great trading GURUS can be "destroyed" by the market deceived by their enthusiasm and euphoria.

Thinking optimistically and disciplined trading a strategy would significantly improve the probability of your portfolio. Not really understanding this point is crucial because no matter how good your trading system is, without disciplined strategy you will hit the cusp of success and find a way to screw yourself up. You can spend months and months researching techniques and testing ideas, but unless you're winning the "game" of emotions, you're never going to consistently make money; that's what trading and your journey to profitability is all about, the goal is to trade by YOUR RULES and take the money the markets give you.


No matter how strongly you feel about a given position, you must obey the principles of trading discipline. Don't let your business decisions and results reflect who you are as a person or how you relate to others. It is not essential that you trade daily; it is simply essential that you maintain a high win rate on the trades you decide to make.

By this I mean that we do not tend to place trades with a negative Theta, as they generally have a low chance of success. It is common to see how many traders tend to let undefined risk losing trades run to stretch their duration, when the correct thing to do would be to have defined risk trades and simply endure and absorb the losses. Since we cannot profit from our assumptions, we are trading strategically, but we need these assumptions to motivate us to push a button and take the trade.


Respecting and complying with the rules that you define for trading can help you achieve your objectives and you will avoid many mistakes made by novice (and experienced) traders. The best trading tips are not about which cryptocurrency or asset to buy or sell but rather the premise that you control your emotions. Trading cryptocurrencies or other assets can be a very profitable endeavor as long as it is executed correctly, but it can definitely prove challenging for new traders, especially those who are not prepared and do not have a well thought out strategy.

If you make a good trade and manage it well after entering it, it's a good trade, even if they eventually stop you for loss. Just because you end up losing money on a trade doesn't mean it's a bad trade, it just means it's a losing trade. A trader's brain, in reality, involves integrating proper investing and market knowledge with the proper mental abilities. By the time we go into trading, all of these influences have generally contributed to the formation of trading patterns that are generally dysfunctional or sub-optimal.


Understanding the psychology of trading is vital to face the market, especially if it is as volatile as that of cryptocurrencies, the central problem is that most people need security in all its forms, however, trading is the least important activity. safe in which one could participate. You must learn to develop good trading habits, because these do not come naturally to most people and you will be giving yourself a better chance of making a winning trade.

Tools, Platforms & Applications:

CoinMarketCap TradingView | KuCoin | BingX | StormGain | CoinInn | CoinEX | MoonXBT | BiBox | QuantFury (Referral Code: JRRU2593)

Social Media Link:

Telegram Facebook Twitter | Medium | Reddit | Pinterest | Instagram | Torum

Other Articles:

Traders and holders, some things we should know | Cryptocurrencies: brief summary for new investors | Cryptocurrencies: The Dark Side | Is Bitcoin A Ponzi Scheme? | Bitcoin As A Store Of Value | Inflation: Understanding The Terms | Decentralized Finance (Defi), blockchain-based solutions | Why Do Governments Hate Cryptocurrencies? | A Real Solution Cryptocurrencies Against Economic Inflation | Centralized Exchanges Vs. Decentralized Exchanges | Some Of The Most Common Myths About Bitcoin  | Imagining A World Where Fiat Money Does Not Exist Cryptocurrencies Vs Fiat Money Why Everyone Should Learn Trading? A Path To Financial Freedom Trading: The Hardest Way To Make Easy Money? |  The Money Of The Future Are we running out of space? Psychological Cycle Of The Investor Let money work for you Commenting On Kucoin Emotions Versus Investment, The Great Psychological Dilemma Hero Or Villain Will artificial intelligences be the masters of the known world? Feed The Soul Before The Body Money Flow Theory ("True ignorance is not the absence of knowledge but the fact of refusing to acquire it" - Karl Popper) |  Artificial Intelligence Friend or Foe? Do the laws of robotics really protect us? Time: Your Best Asset The Cryptocurrency Trader Controls How He Trades, The Market Controls How And When The Cryptocurrency Trader Gets Paid What Does The Cryptocurrency Trader Need To Operate In The Markets? |  Haters & Cryptocurrencies |  How to achieve financial freedom when you are deeply in debt |  Just do Something  |  Commenting about Tradingview |  Estupidy Is Not Disability |  Crypto Addiction Cryptocurrency Market Makers Web3 Is About Free Choice And Democracy Cardano (Ada): The Voltaire Era Trade in cryptocurrencies, emotions, overcoming greed and the excess of confidence Danger: FUD & FOMO Do You Follow Your Dreams? NFTs - Fraud? Ponzi? Bubble? About Bitcoin Core About Pancakeswap Protect Your Cryptocurrencies | About Uniswap


Author's Note: The opinion expressed here is not investment advice, it is provided for informational purposes only and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decisions. I do not recommend investing money that you cannot afford to preside over as you could lose the entire amount invested.This is an informational article, I do not promote, endorse or recommend any particular investment, investments may not be suitable for everyone as the entire amount invested could be lost


How do you rate this article?



Trader, entrepreneur, freelancer, enthusiast and promoter of globalization, adoption and understanding of cryptocurrencies and new information and communication technologies (ICTs)

A bit of everything ...
A bit of everything ...

“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle." Criss Jami (existentialist philosopher, poet, essayist, musician, singer, designer and lyricist). | "Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth". Marcus Aurelius (Roman Emperor).

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.