Very often I come across a thesis about how easy it is to make money out of thin air. You don't need anything; you don't need initial capital, register, write, grind some nonsense with your tongue, and Binance will pay you for it in USDC. It reminds me of the song “Money for Nothing” by the legendary band Dire Straits. 

(Now look at them yo-yo's that's the way you do it

You play the guitar on the MTV

That ain't workin' that's the way you do it

Money for nothin' and chicks for free)

Don't beat people's brains; no one is going to pay you just like that in #Write2Earn . Of course, you can make money here, but if you conduct some analysis, give advice on bidding, etc. But how can you analyze or advise without concluding a single transaction, without creating a single order for either buying or selling? So, of course, you will need money, and in order not to lose it at the first auction, you will need:

Psychological qualities

Discipline

– Strict adherence to the trading strategy and risk management rules.

– Avoiding impulsive decisions.

Patience

– Waiting for the perfect entry/exit moment.

– The ability not to enter the market without a clear signal.

Self-control

– Do not panic during drawdowns.

– Avoid “market revenge” after a losing trade.

Stress resistance

– Ability to accept losses as part of the process.

– The ability to keep a cool mind even in difficult market situations.

Technical and intellectual features

Analytical thinking

– Ability to analyze graphs, data, and news and make rational decisions.

Flexibility of thinking

– Ability to adapt to changes in trend or market conditions.

– Admitting mistakes and correcting the strategy.

Consistency

– Keeping a log of transactions, analyzing errors, and regularly reviewing results.

Practical skills

Risk management

– Correct placement of stop losses, calculation of trade volume, and railing.

Working with strategies

– Deep knowledge of your strategy and its weaknesses/strengths.

Continuous learning

– Reading books, analyzing the market, testing new ideas on historical data.

What you don't need

Greed (dragging with a take)

Fear (exit prematurely)

Overconfidence (ignoring signals)

Rush ("not to miss" deals)

Or I overdid something, but probably not, the quality of what you write can bring you a good profit, otherwise you get the impression that they are trying to make more money on lies than on trading. Quest: Who’s tricking who?