If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.
That's right what you said, I think those two factors are related to trading, how can we trade if we don't know the news about what is selling in the market. And news sometimes influences prices, this is crypto full of question marks, unexpected things can happen here
Topic: Do Not Trade By The News, Follow The Price Action (Read 19611 times)
I believe that true traders mix news reading, chatting and following the price all together. Only like that the maximum profit can be reached. I am just began to interest in trading and already can see that not every trader can become a successful one.
It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Correct.
Because once you see something on the news, it is probably too late to sell or buy. Because if you think it is time to buy; believe me some other people had already bought cheaper and you will buy from them. And there will be no people that is going to buy from you in higher price in short-mid term.
If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.
That's right what you said, I think those two factors are related to trading, how can we trade if we don't know the news about what is selling in the market. And news sometimes influences prices, this is crypto full of question marks, unexpected things can happen herei think he means that news are a hindrance to trade but what you think is that news is helpful . actually both of this are true .
news can be an ally or a foe depending if what news you are reading . if its a fake news and you believe it , what will happen to you ? but if its a legit news , that shall help you on your trades . volatility and other factors , we can use them all so that we can have a guide on this dark path of cryptos .
If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.
That's right what you said, I think those two factors are related to trading, how can we trade if we don't know the news about what is selling in the market. And news sometimes influences prices, this is crypto full of question marks, unexpected things can happen herei think he means that news are a hindrance to trade but what you think is that news is helpful . actually both of this are true .
news can be an ally or a foe depending if what news you are reading . if its a fake news and you believe it , what will happen to you ? but if its a legit news , that shall help you on your trades . volatility and other factors , we can use them all so that we can have a guide on this dark path of cryptos .
If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.
That's right what you said, I think those two factors are related to trading, how can we trade if we don't know the news about what is selling in the market. And news sometimes influences prices, this is crypto full of question marks, unexpected things can happen here
If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
It's actually not a bad strategy. A while back when XVG was coming out with that Tor implementation, I decided to invest in it. Well, of course, the couple of days before it was supposed to release, the price was skyrocketing. Of course, I sold on release day. Then, the release was delayed and it made absolutely no difference to me. I was already out of the coin and made a ton of profit from it.
I remember that hype on XVG, it pumps too high as far as I can remember Mcafee hype it too. Though its good to know these tools in technical analysis but sometimes observing from news can give you an idea. But still, I agree with @adroitful_one better to study these tools to improve your decision making and finally gain your trade.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
It's actually not a bad strategy. A while back when XVG was coming out with that Tor implementation, I decided to invest in it. Well, of course the couple of days before it was supposed to release, the price was skyrocketing. Of course I sold on release day. Then, the release was delayed and it made absolutely no difference to me. I was already out of the coin and made a ton of profit from it.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own.It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trading by the news is for novices. Professional traders follows market trends and apply the necessary approaches to trade profitability.
I do not agree with you. A professional trader will use any methodology, such as price movements and news.
Look at the current state of the market, some coins, although this is rare, will increase in price due to news by 30% -50%.
A professional will never miss such an opportunity, but he will not get hung up on them, squeezing the maximum out of what is possible.
better don't trade at news and dont trade by following price, better you trade by your "mental" prepare yourself to lost and prepre yourself to profit.
don't be greedy to get profit as much as possible, just trade by 1% -5 % per transaction per day is better than 30% per month
trust me if you trade with your mental you can be saholin of trader god
don't be greedy to get profit as much as possible, just trade by 1% -5 % per transaction per day is better than 30% per month
trust me if you trade with your mental you can be saholin of trader god
It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Not only it is the news following problem, but same mindset leads to 'predicting market' which is unpredictable unfortunately. People construct their trades based on wrong assumptions. The amount of variables is way too big for anyone to comprehend and make educated guesses based on few random indicators that look good crossing each other on the chart. You need to be following price action and reacting to it, not trying to be a fairy.
It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Not only it is the news following problem, but same mindset leads to 'predicting market' which is unpredictable unfortunately. People construct their trades based on wrong assumptions. The amount of variables is way too big for anyone to comprehend and make educated guesses based on few random indicators that look good crossing each other on the chart. You need to be following price action and reacting to it, not trying to be a fairy.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own.Yes just a guidelines but let's not based our actions and opinions on it, so for the OP, I agree let's based on price action. That's why if we really wanted to trade let's focus on it and not just by looking at the news if there's good news coming or if there's bad news then we will sell. It's not a good habit and will not learn from it.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own. 
As an investor I only invest in solid coins and HODL. I have seen over the years that crypto market rearly follow news and predictions. Most of the time I bought BTC based on news but in loss as nothing happened. Best is to buy on dip and be patient.
Really? News doesn't move Bitcoin? Are you for real? Of course, what spikes Bitcoin price is nothing but news or rumours. Have you even taken note of the recent Iran-US faceoff and how tremendously it had impacted on the price of Bitcoin? It isn't really about the dip, for there is no such thing as overbought or oversold in the real sense.
As an investor I only invest in solid coins and HODL. I have seen over the years that crypto market rearly follow news and predictions. Most of the time I bought BTC based on news but in loss as nothing happened. Best is to buy on dip and be patient.
Really? News doesn't move Bitcoin? Are you for real? Of course, what spikes Bitcoin price is nothing but news or rumours. Have you even taken note of the recent Iran-US faceoff and how tremendously it had impacted on the price of Bitcoin? It isn't really about the dip, for there is no such thing as overbought or oversold in the real sense. Jump to: