Do Not Trade By The News, Follow The Price Action - page 9.

Zooplus

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Quote from: LimLims on April 19, 2019, 11:32:13 AM

Quote from: dakshmurkute on March 13, 2019, 06:28:56 AM

I think you should have a knowledge of both(fundamental and price action).
Having knowledge of both is not going to affect you in a bad way, it is only going to nourish your trading skills.
So, as per me, one should have a knowledge of both.

Yes he does, and i really appreciate the fact about him.
It's our money so we should be wise enough to know where to invest and when to invest.
if Trade By The News then you will definitely make losses.
And yes you need to choose yourself and i am confident in that way we will not make losses.

Trading by the news is not a good strategy in trading if you solely based on new, most likely you will only get FOMO or FUD, either way, it's all negative.

LimLims

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1xbit.com

Quote from: dakshmurkute on March 13, 2019, 06:28:56 AM

I think you should have a knowledge of both(fundamental and price action).
Having knowledge of both is not going to affect you in a bad way, it is only going to nourish your trading skills.
So, as per me, one should have a knowledge of both.

Yes he does, and i really appreciate the fact about him.
It's our money so we should be wise enough to know where to invest and when to invest.
if Trade By The News then you will definitely make losses.
And yes you need to choose yourself and i am confident in that way we will not make losses.

Victorycoin

hero member

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Trade should be made base on two types of discussion 1. fundamental and 2. technical
So, if news is good then see how technical analysis says.

dakshmurkute

newbie

Activity: 1

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I think you should have a knowledge of both(fundamental and price action).
Having knowledge of both is not going to affect you in a bad way, it is only going to nourish your trading skills.
So, as per me, one should have a knowledge of both.

dark08

full member

Activity: 798

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Quote from: futureofeth on March 12, 2019, 03:45:42 AM

Quote from: jakezyrus on March 12, 2019, 03:20:02 AM

Quote from: radjie on March 12, 2019, 12:14:30 AM

Quote from: iMark on February 06, 2019, 07:13:58 AM

Quote from: babarian on February 03, 2019, 08:51:17 AM

some of the experiences from trading that I experienced following the news were sometimes very helpful in analyzing the trade that I did. but I have to be sure that the news can be accounted for and from trusted sources.

That's why you should research, don't follow every prediction around you. news is important to know because it also affects the market, but for daytrade focus more on price movements on the chart, you must know the strategies for reading and predicting

I agree, someone who conducts daily trading, of course they cannot be influenced by the news, they are only focused on reading market charts in order to be able to benefit and be able to take the right actions when making sales

market charts wont guide you all the time . sometimes they help you to go on wrong directions , resulting for you to loose instead of wining your trades . same as on the news , not all news are legit but even if the news was good that does not also mean that the price can improve afterwards . dont forget that the crypto market is full of manipulators and they will make a bull trap just to earn from inoscent people .

Yes, we need to be very careful with the market situations because we don't know when the prices will increase and when the prices will drop. Only a few potential coins will increase their prices along the good news from their developments. Sometimes charts will not give us a good profit just for our assumption we have to go through with the charts. After investing we need to be very careful with the market situation sell according to your plan otherwise, you will end up in the loss.

Being a wise trader is need in the trading industry because everything can be change in only short period of time but I dont agree with your statement that the chart will not give us a good profit you need to learn how to read chart make you idea when the best time to entry in the market, its also nice yo follow a good news because it will bring a pump up to the coins but over all you need to study the chart, support and resistance.

futureofeth

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Quote from: jakezyrus on March 12, 2019, 03:20:02 AM

Quote from: radjie on March 12, 2019, 12:14:30 AM

Quote from: iMark on February 06, 2019, 07:13:58 AM

Quote from: babarian on February 03, 2019, 08:51:17 AM

some of the experiences from trading that I experienced following the news were sometimes very helpful in analyzing the trade that I did. but I have to be sure that the news can be accounted for and from trusted sources.

That's why you should research, don't follow every prediction around you. news is important to know because it also affects the market, but for daytrade focus more on price movements on the chart, you must know the strategies for reading and predicting

I agree, someone who conducts daily trading, of course they cannot be influenced by the news, they are only focused on reading market charts in order to be able to benefit and be able to take the right actions when making sales

market charts wont guide you all the time . sometimes they help you to go on wrong directions , resulting for you to loose instead of wining your trades . same as on the news , not all news are legit but even if the news was good that does not also mean that the price can improve afterwards . dont forget that the crypto market is full of manipulators and they will make a bull trap just to earn from inoscent people .

Yes, we need to be very careful with the market situations because we don't know when the prices will increase and when the prices will drop. Only a few potential coins will increase their prices along the good news from their developments. Sometimes charts will not give us a good profit just for our assumption we have to go through with the charts. After investing we need to be very careful with the market situation sell according to your plan otherwise, you will end up in the loss.

jakezyrus

full member

Activity: 714

Merit: 100

Quote from: radjie on March 12, 2019, 12:14:30 AM

Quote from: iMark on February 06, 2019, 07:13:58 AM

Quote from: babarian on February 03, 2019, 08:51:17 AM

some of the experiences from trading that I experienced following the news were sometimes very helpful in analyzing the trade that I did. but I have to be sure that the news can be accounted for and from trusted sources.

That's why you should research, don't follow every prediction around you. news is important to know because it also affects the market, but for daytrade focus more on price movements on the chart, you must know the strategies for reading and predicting

I agree, someone who conducts daily trading, of course they cannot be influenced by the news, they are only focused on reading market charts in order to be able to benefit and be able to take the right actions when making sales

market charts wont guide you all the time . sometimes they help you to go on wrong directions , resulting for you to loose instead of wining your trades . same as on the news , not all news are legit but even if the news was good that does not also mean that the price can improve afterwards . dont forget that the crypto market is full of manipulators and they will make a bull trap just to earn from inoscent people .

SlimShadyMmp

full member

Activity: 1470

Merit: 103

COMBO 2.0

There is some serious FOMO with news that most traders even experienced ones can just seem to ignore so they just give in to save some funding i think the thing here is just to know which kind of news to follow

sclmte

member

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sometimes there are news that is ridiculous, for me it's just necessary to keep it up and follow the rules really we know it. at the moment it is difficult to trade even at the market price it is difficult to follow because so far many ICOs have zero value and no exchanger, so wait for the price rises again.

radjie

sr. member

Activity: 1792

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Quote from: iMark on February 06, 2019, 07:13:58 AM

Quote from: babarian on February 03, 2019, 08:51:17 AM

some of the experiences from trading that I experienced following the news were sometimes very helpful in analyzing the trade that I did. but I have to be sure that the news can be accounted for and from trusted sources.

That's why you should research, don't follow every prediction around you. news is important to know because it also affects the market, but for daytrade focus more on price movements on the chart, you must know the strategies for reading and predicting

I agree, someone who conducts daily trading, of course they cannot be influenced by the news, they are only focused on reading market charts in order to be able to benefit and be able to take the right actions when making sales

ololajulo

sr. member

Activity: 2240

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SOL.BIOKRIPT.COM

not all news can drive the price of a coin. The institutional partnership is what most project are working which has not being that impactful. Binance is the only partnership or listing that is reliable, what a midas exchange touch? They have been involved in most successful projects and profitable token in recent weeks .

hipSter

member

Activity: 266

Merit: 11

Of course you can don't use news for your trading system. But don't think that using it can't lead to profits. Actually I think that it's pretty good indicator, it shows the behavior of the market.

Harley29

full member

Activity: 490

Merit: 100

Quote from: gantez on March 11, 2019, 10:33:08 AM

Quote from: CoinCollect on March 10, 2019, 02:19:54 PM

I believe that fundamental analysis is still important. It happens that the market goes against the news, but it happens that the news is very helpful. If this concerns some individual coin, then I think that the fundamental analysis can help.

One of the aspect that it helps is when it goes someone's direction while you are already losing, by that it can help you come off the loses as quick as possible. Again, news is fast to make money.

Not for me it is not good to listen everyone as not everyone is experience and not everyone is your well wisher so better make your own research and then try to invest for price low, when market is at red you can invest and you can sell when market is at green, be careful bad news often spread by scammers and whales so don’t listen anyone but your own analization.

gantez

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Activity: 1736

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Quote from: CoinCollect on March 10, 2019, 02:19:54 PM

I believe that fundamental analysis is still important. It happens that the market goes against the news, but it happens that the news is very helpful. If this concerns some individual coin, then I think that the fundamental analysis can help.

One of the aspect that it helps is when it goes someone's direction while you are already losing, by that it can help you come off the loses as quick as possible. Again, news is fast to make money.

Cherylstar86

sr. member

Activity: 1484

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Quote from: conected on March 11, 2019, 04:34:14 AM

Quote from: xvids on March 11, 2019, 12:57:17 AM

Well that is the problem of most of us,
We always buy the news and get FUD and FOMO.

- Well, sometimes buying based on news, it can be a correct action but sometimes it can also be a mistake, and the problem of most traders is that they cannot manage their emotions and skills are limited, more accurate, they have no combination of news and skill analysis. Some just rely on news and make decisions, some rely solely on price analysis, use tools to make decisions, while the most necessary thing they don't usually do is combine those things together, they never realize that every element has certain effects on the market, they cannot ignore those things.

Trading is not easy, it's not gambling, thus treat it with professional attitude. Do research, stay up-to-date, and be informed. If you do your analysis well, create a list of sources which you consult before making a trade and follow strictly every aspect of their pieces of advise. Mistakes are part of success and progress, make it a habit to constantly analyze every mistake. In this way, it will help you grow and become a good trader.

Altero

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Quote from: conected on March 11, 2019, 04:34:14 AM

Quote from: xvids on March 11, 2019, 12:57:17 AM

Well that is the problem of most of us,
We always buy the news and get FUD and FOMO.

- Well, sometimes buying based on news, it can be a correct action but sometimes it can also be a mistake, and the problem of most traders is that they cannot manage their emotions and skills are limited, more accurate, they have no combination of news and skill analysis. Some just rely on news and make decisions, some rely solely on price analysis, use tools to make decisions, while the most necessary thing they don't usually do is combine those things together, they never realize that every element has certain effects on the market, they cannot ignore those things

Actually, we can gather those things and create a certain decision base of what we've got. But the most important is we do our own market analysis not just relying of somewhat.
When it comes into trading, planning is very important and we apply our strategies which we feel that is very effective for the current situation. But somehow changes may occurs and that is very challenging.

conected

hero member

Activity: 1302

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Quote from: xvids on March 11, 2019, 12:57:17 AM

Well that is the problem of most of us,
We always buy the news and get FUD and FOMO.

- Well, sometimes buying based on news, it can be a correct action but sometimes it can also be a mistake, and the problem of most traders is that they cannot manage their emotions and skills are limited, more accurate, they have no combination of news and skill analysis. Some just rely on news and make decisions, some rely solely on price analysis, use tools to make decisions, while the most necessary thing they don't usually do is combine those things together, they never realize that every element has certain effects on the market, they cannot ignore those things

virasog

legendary

Activity: 2954

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Quote from: joromz1226 on March 10, 2019, 11:01:34 AM

Quote from: iMark on February 06, 2019, 07:13:58 AM

Quote from: babarian on February 03, 2019, 08:51:17 AM

some of the experiences from trading that I experienced following the news were sometimes very helpful in analyzing the trade that I did. but I have to be sure that the news can be accounted for and from trusted sources.

That's why you should research, don't follow every prediction around you. news is important to know because it also affects the market, but for daytrade focus more on price movements on the chart, you must know the strategies for reading and predicting

Yes I agreed, not all given in the news are true and correct. Most of it actually was just a form of hype only, to get the attention of the community here, always remember that depend your skills on the actual trade market mate. And besides, all of the prediction by many here are just an speculation only.

I think we need to trade with both News and the technical analysis. We cannot just ignore the news in bitcoin world. I have been in this trading for almost two years and i have seen that many coins move according to the news.

How often do we see that altcoins prices moves with respect to news like whenever we have a Mainnet / testnet / Hardfork news , the price of the coins pumps and after the event the price dumps.

xvids

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Well that is the problem of most of us,
We always buy the news and get FUD and FOMO.

andulolika

legendary

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Quote from: makenoise on September 19, 2018, 10:54:03 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.

Well if a big hack happens and you know 200k coins are lost you also know that 200k coins will eventually get dumped after they get washed which can mean a good bit in the price as previous happens.

However bitcoin is still a good investment, if you are patient you can be sure that in few years you made a good cut on your money just by leaving it there, atleast if we look at what happend since it has value till now.

Topic: Do Not Trade By The News, Follow The Price Action - page 9. (Read 19557 times)