3 things should not be too in trading - page 2.

pixie85

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Quote from: doomistake on October 30, 2019, 02:05:06 PM

Chatbox is home of trolls, I never use that in Trading, unless I'm on the mood to troll someone too (lol) or when I am having my pastime. Group signals is helpful when you know how to nurture it, how to derive the equations that's been given by professionals, and if you basically doesn't do anything as a Trader, you know, you are being a baby that is always being spoonfeed by others, then don't expect something great.

Especially the one on Yobit. There was a better one on BTCe but that's long gone.

It's a simple truth in trading that poor people read all the guides and analysis they can get and they are still manipulated and barely earn anything. Rich guys don't need to read TA all they need is visible on the chart as they go and the big supply of money they have does the rest.

wxa7115

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Quote from: darewaller on November 01, 2019, 01:58:33 AM

Not so many people have the nerve or the strength for trading really and no matter how much you push them or try to break the trading down for them to understand, they might never really be able to get it right or be able to follow rule of trading, especially when there is emotion involved which I think is really the main issue with trading.

The best I usually advise people to do is to go for full long term investment and not be into too much rushing to be after instant profit, but at that too, they have to make sure that whatever long term investment project of their choice should be one that is truly deserving and when talking of coin that is truly deserving, I think that it is bitcoin they should give that chance to, so that their time will not be wasted in future on an investment in some of these coins that have no lifespan.

This is common sense and yet I see many people unable to grasp that fact, just because the market of cryptocurrencies can give great profits doesn't mean that everyone has the ability to take advantage of it and make money in this market, if anything the small number of winners and their incredible profits should be a sign that only a minority of traders can make money in this market.

Many people after experiencing the difficulty of making money while trading try to become long term holders, but that comes with many issues as well, the most important characteristic of a long term holder is to be willing to accept huge losses in the short term and keep holding their coins because they know their coins will go up in value and many people do not have that characteristic either.

darewaller

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Quote from: Triffin on October 30, 2019, 03:42:51 PM

If you want to simply invest and hold, then you will not be much affected by the changing nature of crypto market. But if you are interested in day trading, you need to definitely have strong control over nerves as altcoins fluctuate easily all the time. I always recommend new investors for purchasing bitcoin and holding it in wallets for earning some money. This will build their trust in the market.

Not so many people have the nerve or the strength for trading really and no matter how much you push them or try to break the trading down for them to understand, they might never really be able to get it right or be able to follow rule of trading, especially when there is emotion involved which I think is really the main issue with trading.

The best I usually advise people to do is to go for full long term investment and not be into too much rushing to be after instant profit, but at that too, they have to make sure that whatever long term investment project of their choice should be one that is truly deserving and when talking of coin that is truly deserving, I think that it is bitcoin they should give that chance to, so that their time will not be wasted in future on an investment in some of these coins that have no lifespan.

arwin100

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Jack of all trades 💯

Quote from: Triffin on October 30, 2019, 03:42:51 PM

Quote from: ?? on ??

Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

If your mentality is affected by this market, it will be very difficult to make a profit because this is not an easy place to exist. Everything in this market is always changing and it will never be stable so it is best to consider carefully before investing. I think new investors will often make a lot of mistakes in investing and they will easily panic sell if that coin drops. Of course no one can help you but if you can control your psychology, you will be very easy to make money in the bear market.

If you want to simply invest and hold, then you will not be much affected by the changing nature of crypto market. But if you are interested in day trading, you need to definitely have strong control over nerves as altcoins fluctuate easily all the time. I always recommend new investors for purchasing bitcoin and holding it in wallets for earning some money. This will build their trust in the market.

It depends on what you hold since if you mean the bitcoins for sure you will end up happy since bitcoins got huge potentials and you will gain on it's natural pump in future but with alt's? I choose to disagree since base on my experience I lost to much $ for holding my coins for long time period and I truly regret it since I miss the chance to sold when the price is high and now there's nothing I can do but to dump at cheap price since the coins I hold is almost dying today.

zeze18

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Quote from: Triffin on October 30, 2019, 03:42:51 PM

Quote from: ?? on ??

Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

If your mentality is affected by this market, it will be very difficult to make a profit because this is not an easy place to exist. Everything in this market is always changing and it will never be stable so it is best to consider carefully before investing. I think new investors will often make a lot of mistakes in investing and they will easily panic sell if that coin drops. Of course no one can help you but if you can control your psychology, you will be very easy to make money in the bear market.

If you want to simply invest and hold, then you will not be much affected by the changing nature of crypto market. But if you are interested in day trading, you need to definitely have strong control over nerves as altcoins fluctuate easily all the time. I always recommend new investors for purchasing bitcoin and holding it in wallets for earning some money. This will build their trust in the market.

I'm sure new investors won't stick with bitcoin investment, because they'll see many movement on the markets with the alts.
When i was new as an investor, i bought bitcoin and just looking for bitcoin investment. And i've looked for the market and see any other coins rise and down and then i tried to invest other coins.
I think any new investors in crypto currency won't stick with only bitcoin as their investment, they would buy another coins too.

Triffin

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Quote from: ?? on ??

Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

If your mentality is affected by this market, it will be very difficult to make a profit because this is not an easy place to exist. Everything in this market is always changing and it will never be stable so it is best to consider carefully before investing. I think new investors will often make a lot of mistakes in investing and they will easily panic sell if that coin drops. Of course no one can help you but if you can control your psychology, you will be very easy to make money in the bear market.

If you want to simply invest and hold, then you will not be much affected by the changing nature of crypto market. But if you are interested in day trading, you need to definitely have strong control over nerves as altcoins fluctuate easily all the time. I always recommend new investors for purchasing bitcoin and holding it in wallets for earning some money. This will build their trust in the market.

doomistake

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Quote from: arwin100 on October 29, 2019, 02:37:07 AM

Quote from: ?? on ??

Quote from: arwin100 on October 29, 2019, 01:01:06 AM

The 3 things you shouldn't do in trading in my own opinion are

1. Don't trade if you don't know what you are into - Be informative on the latest happenings in the market especially if you aiming to buy some alts there a good research is needed so that you will not fall on dead or been trapped on dumped coins.

2. Never listen to the fuds sometimes there are sick people who spread fud news just to create panic to the newbie traders and if you been caught by them for sure you will miss the gold(profit) times or worse you lose your money.

3. Hand your money to the people who said they will trade for you and you will earned a percentage daily since a huge possibilities that they are 100% scam.

Exactly, this is what most common people does is that they are believing in any kinds of FUD, once someone said, 'this project is scam' or once the project's coins or tokens dropping its price a bit, the panic with it easily and will ask for a lot of questions, why the price is dropping, they didn't realize that it is just a way for other people to make them buy more at cheap price.

To many something like that especially if you are reading the chat box of certain exchange(some exchange having this option) and also in telegram groups and other social networks. But for me I don't listen on those since I'm on my god feel and visiting the official channels of the coins if I wish to hold them for more little longer.

Chatbox is home of trolls, I never use that in Trading, unless I'm on the mood to troll someone too (lol) or when I am having my pastime. Group signals is helpful when you know how to nurture it, how to derive the equations that's been given by professionals, and if you basically doesn't do anything as a Trader, you know, you are being a baby that is always being spoonfeed by others, then don't expect something great.

matchi2011

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Buy $BGL before it's too late!

Quote from: ?? on ??

Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

If your mentality is affected by this market, it will be very difficult to make a profit because this is not an easy place to exist. Everything in this market is always changing and it will never be stable so it is best to consider carefully before investing. I think new investors will often make a lot of mistakes in investing and they will easily panic sell if that coin drops. Of course no one can help you but if you can control your psychology, you will be very easy to make money in the bear market.

If you can play smart since you do have control over yourself, the chance of getting a good time while investing to this place can be converted to profitable journey. But if you are not ready and you don't have the attitude chance of surviving will be slim. This industry have a lots of factors to consider, knowing the right thing and follow your own understanding will helps you to achieved things that you wanted to have inside this market.

wxa7115

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Quote from: DaftAjax on October 25, 2019, 12:24:00 PM

The very same strategy will not work every time. As others said, there are so many strategies. So why do you have stick on only one strategy just because it worked for you a few times? That's unlikely to veteran traders, their mindset and strategies, you could say, are also volatile. It differs from season to season. Later on, you will realize that as an experienced trader, it is crucial to use different strategies for different purposes for different ways in earning profits.

It is true that the same strategy is not going to work all the time, however there are strategies that have shown time and time again that over the long term they work and if your goal is to make money on the long term and not the short term then it makes sense to only follow one strategy in order to avoid confusion about what you should to in a particular set of circumstances, and this is even more true when the market is very volatile and can move very suddenly.

This is important because sometimes you need to take decisions in a matter of minutes and if you had to explore several strategies to try to tell what it is the best course of action then you could lose valuable time instead of taking a fast decision which is what it is needed at that time.

Obito

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Quote from: jane maradona on October 03, 2019, 03:07:11 AM

Trade too much

This is probably the very common case. Trade too many orders at a time. I once met surfing traders who traded hundreds of orders a day. Almost every day glued to the screen to transact. People who trade this way often hate to set stoploss, of course I still meet people with stoploss and they often take short profits, enter the market continuously and can say their trading history is very beautiful. , rarely see loss orders.
However, once they are at a loss, these traders are the ones who are most psychologically vulnerable, but because they trade often, they always put their capital and psychology behind the priority list. transaction plan. A single loss can make them more vulnerable to psychological and trading out of control. Even resulting in gongs and account destruction.

This is highly effective, avoiding over spending is a great help for traders. Do not trade too much, yes trading is exciting and fun but you don't necessarily need to do it all over the time. Take a break, and look around you might be not aware of the incoming storm though. Know when to stop specially if you are being all controlled by your emotions.

Quote

Know too many methods

Many traders take a long time to read and save on trading and then apply to their account. The result is more than expected. Losing no more armor, losing to the end.

I don't think it is bad idea. Knowing a lot of methods is helpful specially if you are not lucky in a certain way of trading so, at least you are flexible to adopt certain changes.

arwin100

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Jack of all trades 💯

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Quote from: arwin100 on October 29, 2019, 01:01:06 AM

The 3 things you shouldn't do in trading in my own opinion are

1. Don't trade if you don't know what you are into - Be informative on the latest happenings in the market especially if you aiming to buy some alts there a good research is needed so that you will not fall on dead or been trapped on dumped coins.

2. Never listen to the fuds sometimes there are sick people who spread fud news just to create panic to the newbie traders and if you been caught by them for sure you will miss the gold(profit) times or worse you lose your money.

3. Hand your money to the people who said they will trade for you and you will earned a percentage daily since a huge possibilities that they are 100% scam.

Exactly, this is what most common people does is that they are believing in any kinds of FUD, once someone said, 'this project is scam' or once the project's coins or tokens dropping its price a bit, the panic with it easily and will ask for a lot of questions, why the price is dropping, they didn't realize that it is just a way for other people to make them buy more at cheap price.

To many something like that especially if you are reading the chat box of certain exchange(some exchange having this option) and also in telegram groups and other social networks. But for me I don't listen on those since I'm on my god feel and visiting the official channels of the coins if I wish to hold them for more little longer.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

The 3 things you shouldn't do in trading in my own opinion are

1. Don't trade if you don't know what you are into - Be informative on the latest happenings in the market especially if you aiming to buy some alts there a good research is needed so that you will not fall on dead or been trapped on dumped coins.

2. Never listen to the fuds sometimes there are sick people who spread fud news just to create panic to the newbie traders and if you been caught by them for sure you will miss the gold(profit) times or worse you lose your money.

3. Hand your money to the people who said they will trade for you and you will earned a percentage daily since a huge possibilities that they are 100% scam.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: Triffin on October 28, 2019, 02:18:13 PM

Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

The mental state of the trader is highly important. There are people who are involved in trading and are hell impatient; they are often seen experiencing a lot of losses. I often say that one shall do things according to his or her temperament. For day trading, you shall prepare your mind for hectic routine and often you are going to encounter troublesome situations while you are ready to make a deal.

I'm actually one of them but I realize that is wrong and being an impatient person never achieve their goal. For that, I eventually change my mindset and turn into positive one. It was not strategies could be a center of trading but to look inside of us where it goes wrong or are we doing the right things as obviously there is something not right. If that so, we can evaluate that we are in the right or wrong track base of the results.

Edraket31

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Quote from: ?? on ??

Quote from: watergold on October 26, 2019, 11:32:29 AM

Quote from: Kambal2000 on October 26, 2019, 06:28:23 AM

Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

Having a lot of experience will be our weapon to get the success in trading, it takes time, a lot of effort, a lot of failure, frustrations, heart ache, head ache worst is also depressing, so it will be up to us how much we are willing to accept those failure and will be up to us if we will still continue or stop. Remember that, after the rain there is always a rainbow.

So the trader must have experience in trading on the exchange, if I am still a beginner, I think you should am ready to lose, trading skills must be there, intelligence in understanding graphics must also be able to predict coins that will promise to be precise, because trading requires concentration, looking the correct exchange in great interest example: Binance is the world's top exchange that has real customers.

all you said is true a trader must have all this. In trading we cannot rely on luck but we will have work for it and make ourselves a good one. Getting knowledge about trading should be the first priority then with care and intelligence we can trade with well known exchanges only and make sure the website we are using, must have good market value and before using just collect information about it.

Indeed, we should not just rely on paid signals, from our friends portfolio, from experts that we do follow in trading view, remember that they are just guidelines but let us have our own strategy, as we differ from time, capital and mindset. Still the best way is learning on our own and knowing the risk of it.

Triffin

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Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

The mental state of the trader is highly important. There are people who are involved in trading and are hell impatient; they are often seen experiencing a lot of losses. I often say that one shall do things according to his or her temperament. For day trading, you shall prepare your mind for hectic routine and often you are going to encounter troublesome situations while you are ready to make a deal.

Herry Toms

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Well, that is pretty ture and a great thing for those who are struggling with their poor trade Execution.

watergold

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Quote from: Kambal2000 on October 26, 2019, 06:28:23 AM

Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

Having a lot of experience will be our weapon to get the success in trading, it takes time, a lot of effort, a lot of failure, frustrations, heart ache, head ache worst is also depressing, so it will be up to us how much we are willing to accept those failure and will be up to us if we will still continue or stop. Remember that, after the rain there is always a rainbow.

So the trader must have experience in trading on the exchange, if I am still a beginner, I think you should am ready to lose, trading skills must be there, intelligence in understanding graphics must also be able to predict coins that will promise to be precise, because trading requires concentration, looking the correct exchange in great interest example: Binance is the world's top exchange that has real customers.

supercanada1

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Quote from: arifteguhr on October 25, 2019, 12:45:15 PM

Quote from: ?? on ??

Quote from: DaveWave on October 20, 2019, 02:47:56 AM

Some peoples words don't matter to some. In trading we have different strategies that works for us. These strategies don't mean to work to all. This is why it is hard to comment on other traders when they are doing great. Multiple trades daily incurs many fees but so long as these traders are gaining and piling profits then they are doing great. I saw someone that have minimum of 10 trades daily in forex and he was doing great. He may lose some but he offsets it on his next trades.

everyone has his own way of working and all individual have different skill-set. These two factors matter highly in the success of anyone. However, there are some simple rules that need to be followed by all sort of traders if they want to be successful. For instance, no one can make profits if he go against ‘Buy Low, Sell High’ strategy. In order to accomplish this, a trader must be patient and full of knowledge.

The sentence you mentioned is actually a trick for novice traders who are learning. many times I see that there are indeed many who give that opinion. even though it is clearly detrimental to many people. and now it has been proven that many people are already aware that market analysis using indicators is accurate and valid when trading

If it was just about indicators and some market analysis tools then all the traders would have been rich by now. You cannot use a tool when you do not possess the required level of knowledge to get benefit out of them. Nothing can replace skill-set and knowledge. Novices and experts both have same access to same weapons, then why it is that experts are far better at taking decisions?

Faxmate

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Quote from: huige007 on October 23, 2019, 06:02:52 AM

Quote from: ashmodeus on October 21, 2019, 01:09:54 PM

Quote from: jane maradona on October 03, 2019, 03:07:11 AM

Trade too much

The trading volume is too large

Know too many methods

1. it depend on situation , sometimes, market movements can change suddenly. u know like some whales make a pump scenario to coins wich low volume, and posiblity we can take some profit from that if we can follow the whale's movements.

2. well, this might have a point

3. totaly agree about this one, sometimes, when u lose , u will think using another method , but with market conditions that are still the same , it doesn't help much.because basically you have used the wrong method when you first take action trading.it actually makes you seem inconsistent.

I also think that whether to trade or not highly depends on the situation. Not only this, if someone has good day trading skills and can make even little profits on daily basis he should go for it. During the peaks of dumps and pumps, trading volume should always be as large as possible. For the last one, I think it would be enough to say that the more you know, the better you will survive.

In my opinion, trading is more or less a matter of asset that trader has invested into and his skill-sets. For instance, the bitcoin holder can trade any time because it is the most volatile coin which means trader has always the opportunity to buy low and sell high. That is how day traders are able to make profits even during dips. But those assets that do not present good difference in value depend on time.

Kambal2000

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Quote from: ufaiz50 on October 25, 2019, 01:29:37 PM

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

Having a lot of experience will be our weapon to get the success in trading, it takes time, a lot of effort, a lot of failure, frustrations, heart ache, head ache worst is also depressing, so it will be up to us how much we are willing to accept those failure and will be up to us if we will still continue or stop. Remember that, after the rain there is always a rainbow.

Topic: 3 things should not be too in trading - page 2. (Read 1305 times)