With the ever-increasing use of virtual currency and its volatility, cryptocurrencies are being adopted across the world for various transactions. Cryptocurrency derivatives trading is a new trading area that many daytime traders are interested in. Last time we give you a brief introduction of how to be a successful trader and take complete responsibility. While in this article we will tell you a useful point to be a successful trader：have a system that fits You. For those who do not, we will give you the basics introduction of this, so you may have a deeper understanding of it.
Every successful trader, investor, money manager,etc.. have a system that fits them. Some are long term, some mechanical, some intuitive, day traders. The system itself is not an important factor. The most important is that the system fits their unique personality.
Many traders try to copy the latest hot fad in trading. Right now that would be day trading. But that style of trading will not suit everyone. To be a successful day trader you have to love the short term up and downs of the market during the day. So what you need to do is strive to find a way of trading you will be comfortable with an aim to become the world's best at this style of trading.
How to Found the Method You Really Match
First, you need to ask these questions
*What annual rate of return do I want?
*Do I want to trade full time, part time, hardly any time?
*Can I handle the stress of day trading and short term trading?
*Do I have the patience for long term trading?
*What kind of personality am I? Do I need lots of action, Do I need to make decisions all the time?
*What trading books have I read and which top traders do I most admire and why? Could you easily copy their style of trading?
After answer all this question, you may know your trading system does or does not fit your personality. You can never gain the confidence nor the results to truly make the big profits. If you are a new trader or an unsuccessful one then you need to ask yourself as follow:
Chose the Trading Method Really Fit You
Secondly, you need to ask yourself "What kind of trading suites my personality?" Spend lots of time getting this correct as this is your foundation. Build a strong foundation and your trading system will be strong and stand the test of time. Build a weak foundation and your trading system will crumble along with your money.
Training Yourself in That Method
The majority of traders have no idea which style of trading suites them. They keep buying into the latest software or listening to the new lessons, hoping this will change their trading results. Most never get to know what successful trading is all about as the average trader lasts SIX months.
You need to believe that any trader who can last over TWO years in the market will probably go on to become one of those rare breeds: A Market Winner. Why? Because after two years they start to develop a set of rules that fits them. They start trading a way they are comfortable with.
Thanks for your time, after reading this article, you may have a deeper understanding of how to be a successful trader：have a system that fits you. It was an honor to share the experience of cryptocurrency derivatives trading with you. Next time, we will discuss what is plan a trade and trade a plan, please follow all of our newest articles on Bybit.
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