Do Not Trade By The News, Follow The Price Action - page 16.

Michaelsch

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Activity: 126

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Quote from: dat.ho12492 on November 06, 2018, 09:06:46 AM

Quote from: heninur on November 06, 2018, 08:42:47 AM

right, many people are stuck with the news, many people are overly confident in the news regardless of market conditions and price developments.
it is very difficult to check and predict price developments, so we easily believe in the news.
but I think, this happens to beginner traders, because people who have long been trading will evaluate their decisions.

I think not only with new traders, many experienced people are also stuck with this problem when they are traders that work according to the news, they believe that news is all the key to being able to predict the market. And at some point, this is true, but they do not understand that this market needs flexibility, using all the elements to make the best decision, it means we need to follow the price action and follow the news, synthesize and produce the most accurate opinion, instead of just doing one thing

What do you think about the crypto bots? Did anyone trade with cryptohopper, trade santa?? worth trying it?

dat.ho12492

jr. member

Activity: 378

Merit: 1

Quote from: heninur on November 06, 2018, 08:42:47 AM

right, many people are stuck with the news, many people are overly confident in the news regardless of market conditions and price developments.
it is very difficult to check and predict price developments, so we easily believe in the news.
but I think, this happens to beginner traders, because people who have long been trading will evaluate their decisions.

I think not only with new traders, many experienced people are also stuck with this problem when they are traders that work according to the news, they believe that news is all the key to being able to predict the market. And at some point, this is true, but they do not understand that this market needs flexibility, using all the elements to make the best decision, it means we need to follow the price action and follow the news, synthesize and produce the most accurate opinion, instead of just doing one thing

heninur

full member

Activity: 490

Merit: 100

right, many people are stuck with the news, many people are overly confident in the news regardless of market conditions and price developments.
it is very difficult to check and predict price developments, so we easily believe in the news.
but I think, this happens to beginner traders, because people who have long been trading will evaluate their decisions.

futureofeth

member

Activity: 686

Merit: 10

Coin prices have not based the news that company gives about their progress but based on the market cap, once the market starts recovering we can expect the price will start increasing and when the price is increasing if we here any positive news then the price will reach to new heights.

ololajulo

sr. member

Activity: 2240

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SOL.BIOKRIPT.COM

Quote from: Sirait on November 04, 2018, 06:16:38 PM

make no mistake, the news story can affect the rise or down the price of Bitcoin, see when there is news that China or another country banned Bitcoin, then the news directly caused the price of Bitcoin to crash. so, trade based on news is important too...

News are not making a significant effect in the market now unlike before. Some views that tokens getting on big volume exchange can improve the price has changed, even if it affects the price it doesn't last a while before it goes dip. There are also regular delisting of tokens in recent days.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: Sirait on November 04, 2018, 06:16:38 PM

make no mistake, the news story can affect the rise or down the price of Bitcoin, see when there is news that China or another country banned Bitcoin, then the news directly caused the price of Bitcoin to crash. so, trade based on news is important too...

There are different strategies when it comes to trading and if someone is trading by the news then there is no problem with that as long as he understand what he is doing and have done some analysis about news base trading. When someone is just blindly following the news or whatever rumors he read and then he would immediately buy or sell then it is not a strategy anymore but he is getting FOMO'd and that would be the where the mistake would be.

There is no holy grail when it comes to trading and one of the ways for someone to profit is by using his strategy and sticking to it. Revising it from time to time according to market conditions would be a profitable way.

Sirait

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make no mistake, the news story can affect the rise or down the price of Bitcoin, see when there is news that China or another country banned Bitcoin, then the news directly caused the price of Bitcoin to crash. so, trade based on news is important too...

Panchum

member

Activity: 378

Merit: 55

Be Good to me!

Quote from: makenoise on September 19, 2018, 09:54:03 PM

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.

Yes s l monitor my daughter who's trading to have profit is don't follow the news but based on the price action.Because you might lose your token if you don't know the flow of the market.

Bonsaiav

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Activity: 602

Merit: 118

News and market prices for this year often run not together, both of them have never been in one party either when prices are down or vice versa. This condition is very much different from the news and prices in previous years which could make the market easy for us to predict its movements. As a trader we also cannot just focus on price movements sometimes we also need news, solely to see the trends that occur, and compile both of them well, so that we can find out what's right because the benefits of the news also not infrequently affect the price.

nebiki

sr. member

Activity: 742

Merit: 250

of course we must know and analyze the news whether it is true or just a hoax. if it's true then just follow it, we must believe in our beliefs how we will trade our coins, because the advantages and disadvantages come from ourselves.

Viper_Unleashed

sr. member

Activity: 584

Merit: 252

With emerging youtubers sites blogs social accounts and all fuds are being spread mostly now-a-days.Very few sites and reliable sources of news are really doing good jobs and keeping update.For example few days back fuds about btc transfers were being seen all over but finally people knew that it was nothing just simple moving of funds in known exchanges.so things like this are needed to be avoided,doing own research with technical analysis is best.Whether its a pro-trader or a newbie the most useful weapon in crypto world had been patience and it will same in near future too.

InvestICO2L

full member

Activity: 420

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Quote from: hastag_80 on September 21, 2018, 09:38:57 PM

Quote from: makenoise on September 19, 2018, 09:54:03 PM

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.

Definetly,you are right bro,and i appreciate your advise giving to us, thats in trading we need in actual happen and we dont believe in some fake news,thats they spread towards the community of bitcoiners in order to poison some traders and put up of our mind to not doing a trading operation,therefore in this situation we must follow our basic instinct or our own judgement with a guidance of data system analysis of coin market caps characteristic data spikes.

News plays one of the most important keys that all of us really need when trading, but yep, it’s brutally difficult to identify whether the news are faked or real. As we can see, usually news’ are the major reason that affect to the fluctuation of the whole market. Generally, the way we access the news probably affects to our trading. If we are not flexible plus giving a trust in news, you may get a bad result. What’s more, it depends on your knowledge, if you have a wealth of knowledge, definitely you will know how to get the news accurately.

BartS

sr. member

Activity: 980

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Quote from: Viper_Unleashed on October 22, 2018, 11:51:02 AM

Quote from: BartS on October 22, 2018, 11:22:00 AM

Quote from: Viper_Unleashed on October 17, 2018, 10:03:06 AM

Fake news and so many of youtube channels generally makes a person confused about what's really going on leaving the actual scenario based on technical analysis.Recently we had seen a stagnant market and then a false flags formed,and people are really hoping for going to moon.
That no way sooner.So its always better to do your own research and follow the technical charts and analysis,history proves that after a long/big dip the bull run starts.News can be faked but not technical reasons.happy trading all.

This is one big problem of trading the news, people say all the time that it is important to watch the news about the coins in which we invested but the issue is what news to follow and from what website? In theory it seems like a very easy thing to do but it is not until you try to implement the strategy when you realize how difficult it is to be profitable with it.

Yes its very true my friend.Its more safe to get your own charts ready with rsi,macd,convergence,divergence etc many other factors and then decide.Hurriedly making any decision will be very dangerous.Moreover so many scams/hacks and anonymous whales moving crypto adds to more panic making the crypto market more volatile.I generally never go for much profit and at present btc left right moving swift trading suits me best.I am not hoping to see the bull run for next few days.Normal trading theory won't be very much applicable here.So its always risky.And with risk comes profit.Good day all.Happy trading.

This is why I prefer to do technical analysis, fundamental analysis can tell you a lot if what you are looking is to become an investor in a particular coin but it does not tell you anything about what the price is going to do, it is better to watch the price action and some key indicators that fit your strategy that way you will know when to buy or when to sell regardless of the news that are appearing in the market, in fact most of the time I find out about important news after I see the price making a big movement.

coinfinger

sr. member

Activity: 1638

Merit: 278

Quote from: yohaneshs on October 22, 2018, 12:07:25 PM

Technical and fundamental is a important thing in trading
You can not using one and decline the other, they are a one packets analysis to know market movements.

I feel sorry for all those who are the investors of late 2017 as they had a great opportunity to sell our for huge profit but they faced with an unexpected downfall and now current conditions are unfavorable as the market is running down from the beginning of this year. They have made lose if they have sold out and if they have not sold out then they are safe and may be able to have a great time onwards if they hold it for some more time.

Viper_Unleashed

sr. member

Activity: 584

Merit: 252

Quote from: Bustart on October 22, 2018, 10:02:08 PM

Quote from: Viper_Unleashed on October 22, 2018, 11:51:02 AM

Quote from: BartS on October 22, 2018, 11:22:00 AM

Quote from: Viper_Unleashed on October 17, 2018, 10:03:06 AM

Fake news and so many of youtube channels generally makes a person confused about what's really going on leaving the actual scenario based on technical analysis.Recently we had seen a stagnant market and then a false flags formed,and people are really hoping for going to moon.
That no way sooner.So its always better to do your own research and follow the technical charts and analysis,history proves that after a long/big dip the bull run starts.News can be faked but not technical reasons.happy trading all.

This is one big problem of trading the news, people say all the time that it is important to watch the news about the coins in which we invested but the issue is what news to follow and from what website? In theory it seems like a very easy thing to do but it is not until you try to implement the strategy when you realize how difficult it is to be profitable with it.

Yes its very true my friend.Its more safe to get your own charts ready with rsi,macd,convergence,divergence etc many other factors and then decide.Hurriedly making any decision will be very dangerous.Moreover so many scams/hacks and anonymous whales moving crypto adds to more panic making the crypto market more volatile.I generally never go for much profit and at present btc left right moving swift trading suits me best.I am not hoping to see the bull run for next few days.Normal trading theory won't be very much applicable here.So its always risky.And with risk comes profit.Good day all.Happy trading.

The price actions will have a very exciting scenario which will bring fort an assurance for our holdings to grow faster. Trading through the news updates isn't a recommended type of reference. We should act independently so that we will be able to avoid that feeling of emptiness, because that would rather make your regret during the times of downfalls.

Yes of course we should always do own own individual research and then go for it.One thing that i had learned here is hold your strong coins(which have good projects and also rankings high)it will definitely give you good return in future irrelative of news or trading etc...simply hold strong coins and get your profits.I see many new people making mistake of getting ico and coins which have no prospect and lose their investment that is no good.Crypto market is very volatile since the beginning and even till now,may be after bakkt fidelity it will stabilize a bit,but till now we have a good chance o making profits.Wishing everyone good day and good profits.Enjoy all.

Kurevazeyo

newbie

Activity: 81

Merit: 0

Quote from: babykika2027 on October 23, 2018, 04:56:12 AM

in the fact that the news that is spread is enough to affect prices, such as news about updates from the project itself, in practice it really requires special expertise to analyze prices in trade

In bitcoin trading many parameters that become price references will go up or down. One of them is news. The good news is that the price went up, bad news the price will go down. But to analyze news that affects prices requires expertise. So, just follow the bitcoin prices like swings, up then down. Or go down then go up.

mongkie

full member

Activity: 630

Merit: 102

you are definitely right. some articles, web news and television is being paid by whales to do mind conditioning to the mass media. the poor masses is the end victim so if i were you, we must know how to read and ride the waves.

kikoy999

member

Activity: 429

Merit: 10

Also me i follow the present price of altcoins and the i don't trust fake news that will ruined my trading strategies some social media crypto news is also fake.

btcmegastar

member

Activity: 700

Merit: 12

We have to trade according to the situation of the market because if start trading according to the news is completely waste because some coins will pump hugely and drops suddenly. So we have to find the potential, market condition and news.

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: makenoise on September 19, 2018, 09:54:03 PM

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.

Many of us are victims of this. Fundamentals analysis alone cannot make you a successful traders. Bird cannot fly with one wing, therefore, you need both the knowledge of fundamental and technical indicators in other to become a skillful traders. Trading is a game that about 95% of traders lose money and only 5% really make money from it. You are therefore advice to trade with good knowledge of price action and that is how to interpret candlesticks pattern and formations in combination with news and developmental issues.

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