Author

Topic: 5 misconceptions in trade coin (Read 129 times)

full member
Activity: 448
Merit: 100
August 21, 2018, 12:25:57 PM
#6
Trading is very complicated so neither technical analysis nor other things is ultimate solution to trading. Even insider info may not work  Smiley
member
Activity: 336
Merit: 71
August 21, 2018, 12:07:04 PM
#5
Quote
4. Getting the knife down

This seems to be a bit talkative, but bottom fishing seems to have been liked by many Trader's, as it proves so-called "bravery".

No, brothers, in trading no one is the domain. Only the loser and the winner, the winner and the loser. And bottom fishing is the quickest way to get you down. Old traders often say, the trend is you. So respect the trend, as well as respect your friend. The down trend is Sell, not jump into Buy. Getting a knife is a puncture.

Wait for the downtrend to break down, and the uptrend will be formed. At this time we wait a little gloomy finish on Buy, the possibility of winning will be higher. Eat the body only delicious, then eat the whole hair, eat the whole soil.

Do you agree that this is completely true ? Bottom is not the right to jump into the buy but to sell? I disagree completely and I am not sure how can this be possibly true. Well if the trend is getting down then you should be selling immediately at the start of this trend but if the bottom is reached then you are already in the loss and thus selling at this point will cause the more loss and nothing else. I think you are talking about the strategy which is either different but what I read is not true at all. Its the time to buy more literally!

I agree with him somewhat... it's like trading off of Ichi cloud TK crosses.. you're way-way less likely to get screwed, but you will lose 20-25% off of the top and bottom of the trade to have a safer entry/exit.. and is obviously not true at all if you have instruments like shorting or going long where hitting the exact bottom doesn't really matter as long as you have enough pain tolerance.  I genuinely agree this is a good thing for noobs though since making more conservative purchases makes a lot more sense.
sr. member
Activity: 700
Merit: 300
August 21, 2018, 11:34:45 AM
#4
Quote
4. Getting the knife down

This seems to be a bit talkative, but bottom fishing seems to have been liked by many Trader's, as it proves so-called "bravery".

No, brothers, in trading no one is the domain. Only the loser and the winner, the winner and the loser. And bottom fishing is the quickest way to get you down. Old traders often say, the trend is you. So respect the trend, as well as respect your friend. The down trend is Sell, not jump into Buy. Getting a knife is a puncture.

Wait for the downtrend to break down, and the uptrend will be formed. At this time we wait a little gloomy finish on Buy, the possibility of winning will be higher. Eat the body only delicious, then eat the whole hair, eat the whole soil.

Do you agree that this is completely true ? Bottom is not the right to jump into the buy but to sell? I disagree completely and I am not sure how can this be possibly true. Well if the trend is getting down then you should be selling immediately at the start of this trend but if the bottom is reached then you are already in the loss and thus selling at this point will cause the more loss and nothing else. I think you are talking about the strategy which is either different but what I read is not true at all. Its the time to buy more literally!
newbie
Activity: 72
Merit: 0
August 21, 2018, 11:25:07 AM
#3
Don't forget to add greed and impatience.
some people after buying a few coins and already making a profit, don't sell them they expect even greater profits (greedy).
impatient when buying coins and knowing the price dropped, immediately panic and immediately wanted to sell it, usually a beginner trader who often makes this mistake.
These are mistakes I've made last year and regret doing them. Good that you've pointed this out as it is something a lot of new traders fall for and loose their money in the end.
full member
Activity: 462
Merit: 100
August 21, 2018, 11:10:37 AM
#2
Don't forget to add greed and impatience.
some people after buying a few coins and already making a profit, don't sell them they expect even greater profits (greedy).
impatient when buying coins and knowing the price dropped, immediately panic and immediately wanted to sell it, usually a beginner trader who often makes this mistake.
newbie
Activity: 80
Merit: 0
August 21, 2018, 09:13:32 AM
#1
Here are the misconceptions that "new soldiers" when entering the market often get, even the perennial trader sometimes inevitable.

http://tinyimg.io/i/lZ2HCwC.jpg

1. Assume that technical analysis is all

It is undeniable that technical analysis has become an indispensable tool for small traders in most financial markets. Even in investment funds, it still plays an important role. However, it is just a tool, and it alone can not be profitable for you.

It is not the way to profit, nor is it a useless tool. It is something in between, which can  help  you make a profit. There was a time when I was staring at the chart 5-6 days in a row and began to feel mad. At the command, the heart is still beating and sweat is still out although quite confident in his analysis.

Analysis is only a part, trading is also the game of emotions and capital management. An analysis that is true for hundreds of times and is still dominated by emotion, or that is not tightly controlled will still be at a loss.

2. Multiply everything

Do you think that learning all the price models and candle models in the world will make a profit? The problem will be clearer when you realize the model is just "passing the rain", and the number of times you guess the correct model is always higher than the guessed error.

You see the indicators are attractive and true, so want to add as many indicators into the chart as possible, to filter the wrong signal. Also, you want to identify candlestick patterns to predict a reversal as soon as possible. You also want to know about Ichimoku, Fibonacci, Price Action and Elliott in full gear. Increasingly, you will fall into the pile of knowledge, and you will not find the one that works best for you.

It's better to keep things as simple as possible. Just learn the basic model, but study well, so that the probability of identifying the correct model is higher. And do not add too many Indicators to the chart. Choose MA / EMA and any other oscillator such as Stochastic or MACD, RSI. That is enough. Pay more attention to the trend, support resistance, price channel, trend line, volume. That is enough.

3. Get off the imaginary models

You know the story "elephant fortune teller"? The view model also bristling so, we think the price is forming # flag rising (bull flag), but that's just part of the model  # shoulder  head shoulder larger, and expected price increases will bankrupt by the shoulder.

And there will be times when you try to convince yourself that the price is shaping up this model, like trying to fit a piece into the space that does not fit.

The key here is that models in short time frames will be very easy to bankrupt. Let's focus on higher-frame models, and those that have a long history, such as price, trend, resistance. Price will respect these factors, rather than respecting a certain model that you imagine.

4. Getting the knife down

This seems to be a bit talkative, but bottom fishing seems to have been liked by many Trader's, as it proves so-called "bravery".

No, brothers, in trading no one is the domain. Only the loser and the winner, the winner and the loser. And bottom fishing is the quickest way to get you down. Old traders often say, the trend is you. So respect the trend, as well as respect your friend. The down trend is Sell, not jump into Buy. Getting a knife is a puncture.

Wait for the downtrend to break down, and the uptrend will be formed. At this time we wait a little gloomy finish on Buy, the possibility of winning will be higher. Eat the body only delicious, then eat the whole hair, eat the whole soil.

5. Trade too much

This is a classic mistake. Everybody has this error. I also suffer and I think many brothers just like me, sure always.

Of course, earning profits must say extremely excited. When your order is 40%, your brain exits some stimulating enzymes, blood running tightly in the bloodstream. You will want to earn more money, and you can go to the next trade.

Or vice versa, when the market goes against your orders, fear starts to rise, sweat rises, heart beats. When stop loss stick, the ability to be frustrated is high. And bothered to want to take back, want to enter a command to help annoy.

Prior to realizing this type of Trader will usually enter the market five times a day, burning a lot of transaction fees and interest rates if the trade margin. The worse is that the more holes in the holes, the more the "quality" of each command will not be high.

It all comes from emotions, learn to control emotion and you will not need to go to the market too much.

Try not to look for small waves, especially if you are new to the market. Try to enter the market several times a week, preferably several times a month (not for the trade margin).

For starters, mid- and long-term price movements are easier to identify and also healthier. You do not have to look at daily charts to get more stress on your head. And even longtime traders are keen to pursue that goal: to make steady profits without having to look too far.
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