Topic: 3 things should not be too in trading - page 5. (Read 1321 times)
One thing that I believe is very important is knowledge, as this is what you MUST have if you are to succeed in trading. I find this rather easy and simple with YouTube and other platforms, as through this it really helps me to move forward. We can learn a lot with Crypto Videos or various other ways for trading, it’s all that makes you feel comfortable and is one solid option through which you can make good and consistent amount of money.
I think for the 3 things that should be avoided when trading maybe the first, 1. Patience 2. Emotions and most importantly 3. don't let you be affected by the bad news, so I think this trait you should be able to avoid when trading cryptocurrency because it will make you lose if you can not control all three.
I'm not understanding why patience have to be avoided when trading, if you don't have patience enough when trading you will always FOMO buying and panic sell at loss because you don't have patience in thinking about when to enter the trade and when to exit trade As OP had stated earlier on over trading is one of the factor to be avoided truly, I have had an experience in this aspect of over trading
Actually, the most common problem why people lose in trading is just because they'll into emotional trading. Patience will somewhat play but not all the time. People keep holding their shitcoins because they have patience and they are thinking for a better price sooner but does it help them? No, it wasn't helping anyway instead, it is a waste of time.
I agree with the first one and the second one.
But I think it depends on the third one.
Knowing a lot of methods is not that bad especially to new investors and traders. I know that with a lot of methods they can use, they can be confused and be more on gambling what to use but still, that will give them important lessons while they go.
I also disagree with the third point, it is always better to have more knowledge about the markets and the different methodologies to make money in it, knowing several methods to make money in the markets can only make you a better trader since you can choose the one that fits you and you could even improve your personal strategy by using elements of other systems.But I think it depends on the third one.
Knowing a lot of methods is not that bad especially to new investors and traders. I know that with a lot of methods they can use, they can be confused and be more on gambling what to use but still, that will give them important lessons while they go.
Also while some may describe this as a problem if you were to ask me what is the most common problem in the market I will answer the lack of knowledge about the different ways to make money in them, many can use several indicators and they can read them with proficiency but few know how to combine them to produce a coherent and profitable strategy.
I think for the 3 things that should be avoided when trading maybe the first, 1. Patience 2. Emotions and most importantly 3. don't let you be affected by the bad news, so I think this trait you should be able to avoid when trading cryptocurrency because it will make you lose if you can not control all three.
I'm not understanding why patience have to be avoided when trading, if you don't have patience enough when trading you will always FOMO buying and panic sell at loss because you don't have patience in thinking about when to enter the trade and when to exit trade As OP had stated earlier on over trading is one of the factor to be avoided truly, I have had an experience in this aspect of over trading
These are clear cut rules that if taken seriously will benefit the trader greatly. Any trader that is trading should put more emphasis that he/she need not to trade on a coin that already has too large volume. At that point its the peak and saturation point where whales will start pulling out their funds and the token will dump afer that. For the good and benefit of traders they should trade on coin that has a moderate volume. Not too large and not too small
Bitcoin has the largest volume, and people still find it enticing to trade bitcoin all the time, it still has greater value compared to any other coins in the market.
Being too large isn't an obstacle for bitcoin to attract many people, whales, even institutions join into crypto trading space, in fact; bitcoin is the main reason why we are here in the first place.
These are clear cut rules that if taken seriously will benefit the trader greatly. Any trader that is trading should put more emphasis that he/she need not to trade on a coin that already has too large volume. At that point its the peak and saturation point where whales will start pulling out their funds and the token will dump afer that. For the good and benefit of traders they should trade on coin that has a moderate volume. Not too large and not too small
Not really that necessary for you to look on liquidity level because not all having large volumes would signify manipulation.How you do consider Bitcoin then? Highest trading volume but we cant see anything unusual when it comes to movements.
When you do try out to scalp out and making use of that volatility will really give you out some advantage on making money.
3 things mentioned on OP are basic ones but cant really be implemented or applied easily on someones trade.
You made too many sentences, indeed the 3 points mentioned are correct. If you trade too much, in large volumes, and do not understand the trade method, losses will often occur, especially for those who cannot control their emotions, then all losses can result in losses for further trading actions. From my experience there are traders who continue to manage and go to large volumes, he gets huge profits and until now he still trades, although not as often as before, it also depends on the traders themselves, whether or not they can deal with it.
These are clear cut rules that if taken seriously will benefit the trader greatly. Any trader that is trading should put more emphasis that he/she need not to trade on a coin that already has too large volume. At that point its the peak and saturation point where whales will start pulling out their funds and the token will dump afer that. For the good and benefit of traders they should trade on coin that has a moderate volume. Not too large and not too small
Your first two points is very similar with me when i'm trying to trading. I bought different coin's and most of the times i making too much orders (buy and sell bid both of) it’s really very difficulty to maintain and sometimes big mistakes happen. Secondly, though also i think large volume is the most priority in the trading because all of the traders will avoid low volume. Every traders are following in different strategy that's why they also take time to start their plan in different time duration it’s dosen't matter.
When we are in the beginning of trading, of course there will be many things that will give us a doubt decision and in my opinion this is indeed a natural thing because everyone has certainly done it. I am in control of emotions to not easily take quick decisions also sometimes I still do when trading and this is humane
I agree with the first one and the second one.
But I think it depends on the third one.
Knowing a lot of methods is not that bad especially to new investors and traders. I know that with a lot of methods they can use, they can be confused and be more on gambling what to use but still, that will give them important lessons while they go.
But I think it depends on the third one.
Knowing a lot of methods is not that bad especially to new investors and traders. I know that with a lot of methods they can use, they can be confused and be more on gambling what to use but still, that will give them important lessons while they go.
Your first two points is very similar with me when i'm trying to trading. I bought different coin's and most of the times i making too much orders (buy and sell bid both of) it’s really very difficulty to maintain and sometimes big mistakes happen. Secondly, though also i think large volume is the most priority in the trading because all of the traders will avoid low volume. Every traders are following in different strategy that's why they also take time to start their plan in different time duration it’s dosen't matter.
I think for the 3 things that should be avoided when trading maybe the first, 1. Patience 2. Emotions and most importantly 3. don't let you be affected by the bad news, so I think this trait you should be able to avoid when trading cryptocurrency because it will make you lose if you can not control all three.
Your emotions are your enemies during business especially when you are involved into something as volatile as the prices of crypto currencies or the values of shares in stock market. As far as rumors are concerned, they are often spread on purpose to make the opponent deal with baseless problems in order to retain its customers. 
It is absolutely about me. I over trade even at night, then I use too big leverage and volume, I think it is kind of greedy. As for last point, yeah, I know multiple methods in trading, but in most cases it helps me to find more set ups. It is about how to use skills
I agree, if you don't know how to combine those methods, you cannot make profits well in Trading, if you could, it is just because of pure luck, and you don't want that to happen. Relying on luck won't help you to get where you want to go, but skills will give you the confidence to make it everyday, profits will surely will go to your wallets if you will depends on how good you are and how intelligent you are.
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.
This is also the case without exception. The trading method is what makes traders the easiest to fall in. Rarely does anyone try to be patient with a method, learn every nook and cranny of that method to confirm whether they are effective or not, but the trader just keeps looking at the profits and then trading for a couple of weeks to see no results. is to find another.
When I know too many methods, it is easy for a trader to realize that I know a lot about trading, I go through many methods, each holding a little. But the final problem is that the trade is still inefficient, even though the trade knows much, sometimes it makes the trade make the wrong trading decision. Knowing too many methods easily makes traders lose confidence and frustration.
Best traders should not know many methods, just understand and know how to operate 1 to 2 methods is good enough. Left focus on managing capital and psychology. Slowly the results will be improved.
In short, anything too is not good. Everything should be at a moderate level, we learn a little bit each day, trade a little bit each day, forge a little each day. We go slowly, the results come slowly and go hand in hand throughout our trading journey. If you do not want to lose, firstly traders need to remember 3 things that should not be so in trading!
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.
This is also the case without exception. The trading method is what makes traders the easiest to fall in. Rarely does anyone try to be patient with a method, learn every nook and cranny of that method to confirm whether they are effective or not, but the trader just keeps looking at the profits and then trading for a couple of weeks to see no results. is to find another.
When I know too many methods, it is easy for a trader to realize that I know a lot about trading, I go through many methods, each holding a little. But the final problem is that the trade is still inefficient, even though the trade knows much, sometimes it makes the trade make the wrong trading decision. Knowing too many methods easily makes traders lose confidence and frustration.
Best traders should not know many methods, just understand and know how to operate 1 to 2 methods is good enough. Left focus on managing capital and psychology. Slowly the results will be improved.
In short, anything too is not good. Everything should be at a moderate level, we learn a little bit each day, trade a little bit each day, forge a little each day. We go slowly, the results come slowly and go hand in hand throughout our trading journey. If you do not want to lose, firstly traders need to remember 3 things that should not be so in trading!
Knowing many methods I think there is no problem as long as he does not fail to focus on the main method being studied. I understand what you mean, that most of us will fail to focus when we find a new method but not with me and those who are aware of it. I myself prefer to know many methods, because it can help me in developing the main methods that I have learned. Like a crossing of plants or animals, the more you are familiar with the methods, you will find a unique method later.
It is absolutely about me. I over trade even at night, then I use too big leverage and volume, I think it is kind of greedy. As for last point, yeah, I know multiple methods in trading, but in most cases it helps me to find more set ups. It is about how to use skills
It has to understand that you are still learning and your experience enlightens you and it helps to find the best strategy that you can apply in trading.You feel that you are greedy cause to overthink earning money in a very short period of time and you are one of the emotional traders.
In trading isn't actually of having a lot of strategies, one or two is might be enough cause only we need to master at least one of them to make effective trading.
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Everybody has their own point of view and what you said is true to some extent but I think that if a person is making money through his strategies while losing some in other ways then he must be good to go as along as he is making profits eventually.
In my opinion, what matters is the amount of profit you are making at the of the day.
In my opinion, what matters is the amount of profit you are making at the of the day.
Making a profit will be our reason for trading, and no matter what method we use, that will define how we are making the profit. Perhaps, our method will be different than the other people because we don't have the same skills too in trading, so it is no problem. We can trade many times we want if we are sure we can make a profit, but if you think that we are difficult to make a profit or we feel it is hard to enter the market, then we need to break for a while. Besides that, there is no exact time when we should trade or when we need to stop. We determine by ourselves the time to trade.
With that been, the act of determine by oneself when to trade is one of the factor that lead to losses of some crypto traders because the market trend should be study and understand first before making decision
Nice explanation but those are not convincing enough. You are telling us not to "trade too much". How exactly does a person know that he is trading "too much"? There is no standard of measuring how much a person is trading. Again, isn't it like the more you trade the more profit you will be making (or loss). I guess, it is because of the loss you are telling people not to trade too much, but you know, with greater risks comes greater profit!
It is absolutely about me. I over trade even at night, then I use too big leverage and volume, I think it is kind of greedy. As for last point, yeah, I know multiple methods in trading, but in most cases it helps me to find more set ups. It is about how to use skills
I agree with you about 3 things should not be too in trading, the first thing is trading too much. Very true indeed It is recommended not to trade too much because it will make concentration divided and unfocused, it can cause us to take it wrong decision, then we will suffer losses. The second thing is trading volume is too large, this can result in loss large amounts of money because in this case we use a large capital to get a large profit as well. It will raises the greedy nature of ourselves. And if you experience a loss that will occur the lost money will be a lot. The third thing is know too many methods means using many trading strategies, this will make us less confident with the decisions we make and raises doubts. This is quite dangerous because it will cause us to get the wrong strategy, and if it is wrong the strategy has been confirmed we will lose in trading
People came in this forum by their own will so if they agree and trading it means they are risk takers and have ability to make money. Every trader have to face risk but we only need to listen out skills than what people says, never panic or quit... keep holding and waiting untill you make sure price is good for trading., never panic and keep holding.
The bolded line above is most likely a weak hand happen. When you are in trading, that is not easy, while holding and hoarding are very easy tasks to do. But if you are a risk-taker you can make a profit on trading but a not only risk-taker. you should also have a skills in trading and should have knowledge about trading. There are a lot of people losing money in trading either you are the next if you are not studying it well and having hard research. Jump to: