The plan will not go as expected due to not having insight in the area that you are doing, risk management is very necessary when it comes to finances, especially in trading crypto assets. Markets involving finance always consist of two different directions, profit and risk of loss. Your interest and determination to make a profit needs to be shaped by a strategy that fits the insights you have learned. It really needs proper management when trading to minimize the risk of loss being smaller.
I would agree because that also happened to me. I thought it worked but can't control the market and never give a favor. A reason why we have a plan A and plan B but still we need to diversify them because of the volatility of the market. Therefore, it is important for us to know how to adjust ourselves as it was hard to stick to our plan knowing that it was not effective anymore. This is why trading requires deep knowledge and of course, patience as we can't just let our emotions decide what we are going to do. 
Topic: Careless Trading (Read 326 times)
Snip
This might be surprising for you but there are many people that doing trading like they are gambling on a casino, they wouldn't even do any research on what they trade, they just get some general news from an online media, or look at the general trend, and put their money on it, hoping for a quick profit. Tho I also can say that this kind of people wouldn't survive long in the market.
Don't you think there is a difference between trading and holding?
Trading is like constantly wanting to generate profits along the line to keep saving those profits or to increase your lots sizes, while holding (investment) is something you have to buy and wait for a specific period of time before profits may start coming, this fully depends on the halving or whenever such project is being pumped to a certain height except they had already pumped and dumped the token before they ventured into it. This may stir up someone losing heavily since they aren't following the right information before venturing into investment, at this point people trading such token or coin had already made profits and leave empty tokens for the investors or holders.
You don't have to fight those people. You need to analyze the market movement and don't fight it because it will hurt you. With the analysis that you do, you will be able to predict what will happen in the market even though it cannot be accurate. At least you will know where the market will move.
After knowing where the market is likely to move, you can determine your attitude to enter the market or wait. And if you have found a point to enter the market, you can enter the market and determine when you exit the market. But it's all not easy and requires a lot of practice to get used to market movements.
And it is true that before trading, you must have a plan to stay on track. And it is reckless to trade without a plan because financial markets are too risky. That's what you must hold and learn.
After knowing where the market is likely to move, you can determine your attitude to enter the market or wait. And if you have found a point to enter the market, you can enter the market and determine when you exit the market. But it's all not easy and requires a lot of practice to get used to market movements.
And it is true that before trading, you must have a plan to stay on track. And it is reckless to trade without a plan because financial markets are too risky. That's what you must hold and learn.
The most important thing is to flow with the trend. So I advice people to understand price action and to take the portion of risk they can afford. All of these is what the individual should develop as part of their plan in executing a trade.
The two scenarios are to anticipate if the market moves against the analysis we are doing so that we can use other strategies to adjust to what we will do. Maybe it won't be accurate because no one can predict the market's direction accurately. The important thing is that we can use every moment that occurs so that we can also adjust our trading.
Maybe it will look difficult but with practice, we can know where the market is going. Research is a must so that we don't make mistakes in trading.
I believe too well that anyone venturing into tradings knows the reason and why they are trading, meaning they had plans for themselves, I can't believe anyone would go into market to trade without any intentions of making profits or securing something good profits after every trade. Professional trading comes into play when the skills are fully explored, you can't expect a newbie trader to trade like a professional without having to developed themselves like a professional trader.
What i think should planned of when they should enter trade
This might be surprising for you but there are many people that doing trading like they are gambling on a casino, they wouldn't even do any research on what they trade, they just get some general news from an online media, or look at the general trend, and put their money on it, hoping for a quick profit. Tho I also can say that this kind of people wouldn't survive long in the market.
If we as retail traders fail to plan when coming in to trade in the financial markets, it is obvious that you come to dash out your hard-earned money into the market. Trading involves a huge amount of risk, and you are trading against various market forces, banks, robots, AI, and the smartest traders and high algorithm computers; Therefore you must equip yourself with the right tools and the right knowledge in order to be a successful trader.
Careless Trading
Hello,
If you go into the market without your trading plan it is carelessness. The financial market is made up of Central Banks, Hedgers, Citi banks, Institutional investors, Financial Analyst, Exchangers, Individual investors etc. All of them are in the market for different reasons although profit is involve.
The central bank has impact in the market and influences exchange rate through its monetary policies.
Hedgers plays strategic roles by eliminating or reducing potential loses due to price fluctuation in currencies, commodity, financial assets etc. Types of Hedgers include; Currency Hedgers, Commodity producers, interest rate hedgers etc.
Exchangers which includes; cryptocurrency exchangers, energy exchangers, foreign exchanges (forex) etc. make available organize platforms where buying and selling occurs.
Institutional Investors manages huge some for their shareholders and clients so they have very good financial team set up.
Financial analyst makes clear forecast based on existing data's for there client and they can work in any sector.
Individual investors are you and I also known as retail investors. We can go into the market through brokerage accounts.
When you go into the market you are actually going against these guys. Like I said they have their interest and are bent to achieve it. You cannot just go into the market without understanding what these persons are doing or what position they are taking. This in-turn we shape your trading and give you informed decision that we make you profit.
It is carelessness to trade without a plan as the financial market is too risky.
I welcome your input on this subject as i may also want to learn.
You have described the structure of the ocean of crypto investments, but the fact is that I think the presence of all market participants creates an almost chaotic market movement. And there are whales and sharks in this ocean.. and we are like fish. Nevertheless, no one has full control of the market. I know that whales use the following strategy:
1) they buy cheap tokens, creating an upward movement, and then sharks and fish begin to buy these tokens en masse, seeing an upward movement. And at the top of the price, whales sell tokens at a favorable price for them.
2) The same thing happens when whales bring down the price of the token, acting in the opposite direction. In any case, they remain with benefits, and all other market participants with losses.
For obvious reasons you cannot make a topic bold and that is evident since the tags cannot be automatically added to the topic text and you have to do it manually.
It is carelessness to trade without a plan as the financial market is too risky.
No one should take any financial decision without a plan.Planning is very essential in the world of trading, any institution that doesn't go into risk management I doubt they might incur some lost and involved themselves into danger since most of the institutional trader are made up with investors funds.. I mean, they are company that trades for people or individuals and they returns their profits according to their subscription plans, anyone who doesn't involved them with risk management may likely fold without being able to clear those funds lost.
I believe too well that anyone venturing into tradings knows the reason and why they are trading, meaning they had plans for themselves, I can't believe anyone would go into market to trade without any intentions of making profits or securing something good profits after every trade. Professional trading comes into play when the skills are fully explored, you can't expect a newbie trader to trade like a professional without having to developed themselves like a professional trader.
What i think should planned of when they should enter trade
When you go into the market you are actually going against these guys. Like I said they have their interest and are bent to achieve it. You cannot just go into the market without understanding what these persons are doing or what position they are taking. This in-turn we shape your trading and give you informed decision that we make you profit.
It is carelessness to trade without a plan as the financial market is too risky.
When you jump into the world of trading, what is most certain and most important, is the fact that you are against yourself. In this case, you can say that your biggest enemy when trading is yourself, with regards to how you can control yourself before trading, while trading, when making decisions, and also after trading. This is something that is not easy to do. It is carelessness to trade without a plan as the financial market is too risky.
Maybe you are quite prepared with trading knowledge, but as long as you cannot control your emotions and mentality, this will be very difficult and can cause panic. Or if you already have both but you don't have good risk management, then this won't work much either. In my opinion, it is yourself who is the biggest challenge when trading. And it's true, when we become careless when trading, it will be easier for us to lose.
For obvious reasons you cannot make a topic bold and that is evident since the tags cannot be automatically added to the topic text and you have to do it manually.
It is carelessness to trade without a plan as the financial market is too risky.
No one should take any financial decision without a plan.Planning is very essential in the world of trading, any institution that doesn't go into risk management I doubt they might incur some lost and involved themselves into danger since most of the institutional trader are made up with investors funds.. I mean, they are company that trades for people or individuals and they returns their profits according to their subscription plans, anyone who doesn't involved them with risk management may likely fold without being able to clear those funds lost.
You don't have to fight those people. You need to analyze the market movement and don't fight it because it will hurt you. With the analysis that you do, you will be able to predict what will happen in the market even though it cannot be accurate. At least you will know where the market will move.
After knowing where the market is likely to move, you can determine your attitude to enter the market or wait. And if you have found a point to enter the market, you can enter the market and determine when you exit the market. But it's all not easy and requires a lot of practice to get used to market movements.
And it is true that before trading, you must have a plan to stay on track. And it is reckless to trade without a plan because financial markets are too risky. That's what you must hold and learn.
After knowing where the market is likely to move, you can determine your attitude to enter the market or wait. And if you have found a point to enter the market, you can enter the market and determine when you exit the market. But it's all not easy and requires a lot of practice to get used to market movements.
And it is true that before trading, you must have a plan to stay on track. And it is reckless to trade without a plan because financial markets are too risky. That's what you must hold and learn.
The most important thing is to flow with the trend. So I advice people to understand price action and to take the portion of risk they can afford. All of these is what the individual should develop as part of their plan in executing a trade.
You don't have to fight those people. You need to analyze the market movement and don't fight it because it will hurt you. With the analysis that you do, you will be able to predict what will happen in the market even though it cannot be accurate. At least you will know where the market will move.
After knowing where the market is likely to move, you can determine your attitude to enter the market or wait. And if you have found a point to enter the market, you can enter the market and determine when you exit the market. But it's all not easy and requires a lot of practice to get used to market movements.
And it is true that before trading, you must have a plan to stay on track. And it is reckless to trade without a plan because financial markets are too risky. That's what you must hold and learn.
After knowing where the market is likely to move, you can determine your attitude to enter the market or wait. And if you have found a point to enter the market, you can enter the market and determine when you exit the market. But it's all not easy and requires a lot of practice to get used to market movements.
And it is true that before trading, you must have a plan to stay on track. And it is reckless to trade without a plan because financial markets are too risky. That's what you must hold and learn.
The plan will not go as expected due to not having insight in the area that you are doing, risk management is very necessary when it comes to finances, especially in trading crypto assets. Markets involving finance always consist of two different directions, profit and risk of loss. Your interest and determination to make a profit needs to be shaped by a strategy that fits the insights you have learned. It really needs proper management when trading to minimize the risk of loss being smaller.
For obvious reasons you cannot make a topic bold and that is evident since the tags cannot be automatically added to the topic text and you have to do it manually.
It is carelessness to trade without a plan as the financial market is too risky.
No one should take any financial decision without a plan.Planning is very essential in the world of trading, any institution that doesn't go into risk management I doubt they might incur some lost and involved themselves into danger since most of the institutional trader are made up with investors funds.. I mean, they are company that trades for people or individuals and they returns their profits according to their subscription plans, anyone who doesn't involved them with risk management may likely fold without being able to clear those funds lost.
When you go into the market you are actually going against these guys. Like I said they have their interest and are bent to achieve it. You cannot just go into the market without understanding what these persons are doing or what position they are taking. This in-turn we shape your trading and give you informed decision that we make you profit.
It is carelessness to trade without a plan as the financial market is too risky
I really like your input here but this is commonly applicable on stocks market which this big guys typically trade since the majority of crypto traders are just retail traders.
The idea of competing with these guys on trading is so true which people usually failed to realize that trading is actually a PVP or trader vs trader since we are just exchange our holdings in different price. But this doesn’t matter if you will invest long term since all the players listed above are trading in short term profit meaning they are just scalping profit whenever there’s an opportunity while long term trader is not directly affected on this process.
If you go into the market without your trading plan it is carelessness. The financial market is made up of Central Banks, Hedgers, Citi banks, Institutional investors, Financial Analyst, Exchangers, Individual investors etc. All of them are in the market for different reasons although profit is involve.
I don't think this is called carelessness, but stupidity, it's like people who believe that there are projects that give 11000% APY without risk.Negligence occurs when you follow a specific plan, but you did not study the details of the plan well, or rely on one of the technical analysis indicators such as the Fibonacci level without reviewing the frame or the depth of the market, or you buy near the support level without making sure whether there is enough trading volume to break the level for you, all of this It could be called stupidity, but going into the market without your trading plan is stupidity.
~
OP, responding in a roll on a thread contradicts a part of the rules here. You may want to merge your two last posts or allow another user post in between the two posts before you respond. Secondly, you double inserted "[/quote]" and that made your comments to be included in the posts of others you quoted. You can edit your reply to separate that. Quote
It is carelessness to trade without a plan as the financial market is too risky.
It is more devastating to create a plan without prior knowledge of the market. Planning is good but without any knowledge prior to the subject matter, then planning will definitely be in vain and susceptible to failure. First, we must have knowledge about the niche or market we want to par-take. Then if we have the needed knowledge then we can create plans out of it. We can also use another head for additional knowledge by consulting gurus and experts in the market to see if the plan is feasible.
Also remove the code on your title.
Code:
[b] [/b]
Some people put much emphasis on the title of their thread such that they will want to make it eye catchy. They do so by sometimes capitalising the whole letters of the words and some will add unnecessary emoji, but this is my first time of seeing someone wanting to bold the topic title. I wish it worked for him and set his thread apart from others.
Also remove the code on your title.
This is often the problem with newbies creating topics, most of them run off after opening them. If they were online, they would've seen that blunder and corrected same immediately. Since opening this thread, OP hasn't come back to read and assimilate what's said here. They disappeared online barely four minutes after making that post. Perhaps they've missed their way here or they merely posted for the sake of it for what it's.Code:
[b] [/b]
A lot of them creates thread and then never come back or give engagement to the topic that they've made. I just wish that he's enjoying the weekend and will be back on this weekdays.
A day has passed so I'm still hopeful that he'd be back and get to see the replies to this thread he made.
Also remove the code on your title.
This is often the problem with newbies creating topics, most of them run off after opening them. If they were online, they would've seen that blunder and corrected same immediately. Since opening this thread, OP hasn't come back to read and assimilate what's said here. They disappeared online barely four minutes after making that post. Perhaps they've missed their way here or they merely posted for the sake of it for what it's. Code:
[b] [/b]
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