Topic: Do not follow every market wave - page 8. (Read 1532 times)
If you are a beginner trader you might only spend your funds in the scope of crypto and added high voltage makes you astonished to sell your assets that have not got the value then move it to altcoin who believe it can generate more profit.However, in fact it will not have any impact but will add to the loss.
It's not really as it's been said, but it's actually the fact trading without pressure would help curtail lots of losses and when one sees it's coin dipping because of fear and pressure next action is to sell and jump into another one that may also dip again. Let's learn how to observe market and trade without pressure. It will help alot and also learn not to apply greed when trading.
This is the strategy of traders, they analyze market when it goes to the right and before next moves happen they open their position (buy or sell) based on probability. If you do not want to trade, then just HODL and pray that everything will be fine in the future.
No good trader will trade all market waves. Anyone trying to hop from one trade to another is just on a mission to get lost. Knowing when to trade , what to trade , why to trade it, how the particular instrument behaves is one of the things that makes you be a good trader
The best part in trading is when you know when is the best time to enter into trading and the best time to exit. It's not necessary to trade in every market wave because it will only lead you to being lost in focus and resulted into losses. Another thing is you will become greedy which is not a good trait as a trader. Just focus on your original plan and take step one at a time.
No good trader will trade all market waves. Anyone trying to hop from one trade to another is just on a mission to get lost. Knowing when to trade , what to trade , why to trade it, how the particular instrument behaves is one of the things that makes you be a good trader
It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.
One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all.
It's true getting yourself to follow every trade wave is really a bad idea because you mihht not get a good profit, and it is much better to trade on your own strategy that you don't follows anybody's decision on their trades. You will only feel pressure if you constantly do this. It leads to pressure, unnecessary emotional imbalance and fuds.
One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all.
Markets constantly witness price fluctuations due to their nature. This is also the case in crypto money markets, and price fluctuations are higher compared to other markets. As I said before, opportunities never end in the cryptocurrency markets. For this reason, it is necessary to evaluate every price fluctuation as an opportunity and not to take action in a hurry to catch this opportunity. Yes, you may have lost a serious earning opportunity today, but in case of a possible reverse action, you will have protected your capital. On the other hand, the opportunity that you think you missed will perhaps provide you with a more attractive repurchase. For this reason, you should not strive to evaluate every opportunity and take care to evaluate the guaranteed opportunities.
If any regular traders research properly than it won't be a pressure for the traders. Even any regular traders know that the downfall will recover soon. But we can make our own strategy to buy-sell in any crypto. We can buy any crypto part by part like first time buy using the 40% of total funds and if the price again dump than buy in deep using 20% of total amount . It can vary form person to person. Just make own strategy which can be afforded by yourself .
It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.
One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all.
You can't really predict the movement of the market accurately every time, I think someone could manage to follow the movement of the market and actually make a profit from that it is riskier since you are going in and out but it will give you more profit than just investing in that particular token and waiting for the market price to pump.It leads to pressure, unnecessary emotional imbalance and fuds.
One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all.
It really depends on what is going to happen in the market but if you get lucky buying when the market is a dump and selling when the market is high is more profitable considering the time you are going to give when just waiting for the bull.
That depends a lot on each person's knowledge, experience and trading method, but to do it like you is not easy, we need a long training process.
As a day trader, i follow the current trend and try to buy and place sell order at higher rate to earn daily profits but this never creates pressure on my shoulder for BTC and ETH. When i see the rate dumps after my purchase, i don't see regular market trend just for few days. After few days later, i just check once the price. We have to bear in mind that in trade, it either goes to bull or bear but this can't put pressure on shoulder.
It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.
One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all.
It leads to pressure, unnecessary emotional imbalance and fuds.
One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all.
The market so far was so unpredictable and it's hard to determine when the price goes down or up. And this because of the volatility happened in the actual trade market. But if you know to yourself that you are one of the expert's trader well, for sure at the end of the day
you will always gain crypto
Don't follower in the market, that indicate you're not be able to be trader, don't know the technical and fundamental of trading. Its dangerous for follower who just decided to buy a lot of coin when its bullish, then hoping can get much profit with following the wave that you don't know what is that. Its very risky if you buy at highest price then its dump.
You mean just like what happened when Bitcoin halving was coming? Most traders get rekt on the day that Bitcoin decline from 10k back to 8k, I'm glad I took my profit instantly, the best advice is never let greed consume you
It's not, he means about people must not try to get into the market when it was in the condition of a big waves (pump). People must think about their position when they were trying to get into the market at the pump. It will be putting their position into the a big risk caused by we didn't know when the whale will be dumping the market again.
People that follow and dive into every market trend end up destroying themselves. I just pick few selected coins and trade them. I don't chase HYIP or already pumped coin. I let it go because there is another day in paradise.
That is not wrong. If you like following every trade of others then you should be cautious if the trade will be beneficial for you or not. I don't find it wrong if you can manage yourself as you trade. This is a very volatile market and each thing you do must be considered and planned many times.
What is wrong is when you trade and lose and then you never absorb any lesson from it.
What is wrong is when you trade and lose and then you never absorb any lesson from it.
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I guess that is not wrong. As long as you have the knowledge or the information to analyze the wave, I think you can follow the wave and that the benefit to yourself. But yes, it is difficult to analyze the wave since we don't know how high or how low the price will move so only with careful we can follow the wave. Don't feel that you can always take the profit because that can lead you to become greedy.
You mean just like what happened when Bitcoin halving was coming? Most traders get rekt on the day that Bitcoin decline from 10k back to 8k, I'm glad I took my profit instantly, the best advice is never let greed consume you
always take your profit every time you see the opportunity to sell your coins in profit .
Keep in mind that you can easily rebut back the coins in much cheaper price so no need to be afraid of taking your profit every time you feel that its time to sell.
You mean just like what happened when Bitcoin halving was coming? Most traders get rekt on the day that Bitcoin decline from 10k back to 8k, I'm glad I took my profit instantly, the best advice is never let greed consume you
always take your profit every time you see the opportunity to sell your coins in profit .
Keep in mind that you can easily rebut back the coins in much cheaper price so no need to be afraid of taking your profit every time you feel that its time to sell.
It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.
One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all.
I think my opinion as a day trader is simple! Just leave everything in balance, don't put the unnecessary weight in your shoulders, let it work as it was, and just ride with the flow don't fight it. Bulls and Bears come and go thats why it doesn't matter the most because it's a normal thing in the crypto industry. the volatility, Fud, Fomo, etc are all part of the system so don't make it more complicated for you, because, in the end, the results of all your action will determine your next move. whether you stay or out. It leads to pressure, unnecessary emotional imbalance and fuds.
One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all.
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