Topic: Don't be wiser than the market - page 3. (Read 828 times)
The market will always be unpredictable so we couldn't be wiser than it yet we can deal with it if we'll have enough knowledge about it. It's all about the perfect timing and not just going with the hype. Trading is a long process of learning but our experiences could teach us the best strategy. There's no such thing as perfect trading but we could get rid of losses if we'll know how the market moves.
This is an excellent suggestion: take the small profit you have and plan for future purchase. But there is one thing that is quite important: sufficient knowledge of cryptocurrency in general, as well as solid knowledge of trading. Also, try to gain experience before investing large amounts of money, and avoid investing money that you cannot afford to lose.
Sufficient knowledge about cryptocurrency is a good foundation, especially if you're just gonna go with stock trading. It doesn't matter about the amount you're going to put in stock trading, the bigger the better, and go for big top coins such as BTC, ETH, BNB, etc. But if you're gonna do futures trading, I will agree that you need to be careful on how much you're gonna put and risk especially if you're a beginner.
Been too sure could cost you alot, remember trend change and no market direction lasts for ever.
Take the little you can and leave will help build a good trading account.
In a range bounded market, frequently profit booking and then buying back will help but for example, in bitcoin market when bitcoin was hitting $50k levels for the very first time by May 2021, many people rushed to book profit but market continued its rally till $64k levels. People who were able to hold their nerves got opportunity to buy back around $30k levels but my friend who exited around $52k levels bought back again by $61k and trapped till now.Take the little you can and leave will help build a good trading account.
So, when we considering about long term holding against averaging buying and selling then holding got many obvious benefits just for the case of bitcoin market. Sometimes, with the help of strong technical analysis, you may book profit and then buy back cheaper. But, I feel holding is more than enough for me.
This is an excellent suggestion: take the small profit you have and plan for future purchase. But there is one thing that is quite important: sufficient knowledge of cryptocurrency in general, as well as solid knowledge of trading. Also, try to gain experience before investing large amounts of money, and avoid investing money that you cannot afford to lose.
It's a quite good explanation. Experience is very important to achieve your goal in trading and to be successful in it. If you gain experience and learn from it, every time that you are in trading you learn and avoid those possible mistakes. Yes, we know that trading is not an easy job, it requires skills and knowledge to become suitable in trading not a gambling. Because if you don't this knowledge and skills, it seems like you are in gambling not on trading.
Be wiser than the market and you will be fine, that is the secret of being successful as a trader.
Many things can influence traders before making a decision, market price movements are very fast and it is necessary to make a decision as soon as possible.
from what I've been through, greed is a very hard thing to control to cause harm.
so watching the market move more observantly and taking a little profit and then coming back tomorrow is a very good choice, but not everyone can do that because many people want more than what has been obtained, that's the greed in humans that is difficult to control.
from what I've been through, greed is a very hard thing to control to cause harm.
so watching the market move more observantly and taking a little profit and then coming back tomorrow is a very good choice, but not everyone can do that because many people want more than what has been obtained, that's the greed in humans that is difficult to control.
Your trading will be successful if you follow the market maker in your decisions. So you have to think and trade like a market maker. But since this is not possible in full, we make mistakes, which consist in trading against the local trend.
Easy to say but it would really be hard to be done but not impossible.If you do have that kind of mindset then you would most likely able to sustain into this unpredictable market.Dont be confident that you could handle it easily thats why you should really be mindful on how you do sustain yourself and able to survive.Once you do gain up experience then
you would really be able to have the idea on how to handle up these market movements which it might lead for you to be a profitable one.
This is an excellent suggestion: take the small profit you have and plan for future purchase. But there is one thing that is quite important: sufficient knowledge of cryptocurrency in general, as well as solid knowledge of trading. Also, try to gain experience before investing large amounts of money, and avoid investing money that you cannot afford to lose.
It's a quite good explanation. Experience is very important to achieve your goal in trading and to be successful in it. If you gain experience and learn from it, every time that you are in trading you learn and avoid those possible mistakes. Yes, we know that trading is not an easy job, it requires skills and knowledge to become suitable in trading not a gambling. Because if you don't this knowledge and skills, it seems like you are in gambling not on trading.
Be wiser than the market and you will be fine, that is the secret of being successful as a trader.
Your trading will be successful if you follow the market maker in your decisions. So you have to think and trade like a market maker. But since this is not possible in full, we make mistakes, which consist in trading against the local trend.
Learn from your mistakes, which will make you mature over time.
Trading is not an easy job if you will not improve your knowledge, remember that the market is volatile, hence it's very unpredictable. However, if you have developed your skills and earned a lot of experience, things would become easier for you as you will eventually become more profitable and be more consistent.
The journey is not easy but we should continue to reach our goal.
Trading is not an easy job if you will not improve your knowledge, remember that the market is volatile, hence it's very unpredictable. However, if you have developed your skills and earned a lot of experience, things would become easier for you as you will eventually become more profitable and be more consistent.
The journey is not easy but we should continue to reach our goal.
Following the 📉📈 has been the best advice and has been the most secure way of making it big in trading a principle that will bring about a smooth profit reality but most times we predict where we want the market to go. Been too sure could cost you alot, remember trend change and no market direction lasts for ever.
Take the little you can and leave will help build a good trading account. If it doesn't work out In a single trade take a rest and try again some other day. The market is always flourishing don't allow greed buy away the good analysis and strategies you built over the years. It's one thing to learn and another thing to earn. It's one thing to know a strategy and another to use it against the market tragedy. Instead of deciding for the market take the little you been offered and come back another day.
That’s for sure but some would never learn. The greed is everyone but you have to learn to control it. There are lots of people who lack control over their feelings and behaviour towards the outcome of the market.Take the little you can and leave will help build a good trading account. If it doesn't work out In a single trade take a rest and try again some other day. The market is always flourishing don't allow greed buy away the good analysis and strategies you built over the years. It's one thing to learn and another thing to earn. It's one thing to know a strategy and another to use it against the market tragedy. Instead of deciding for the market take the little you been offered and come back another day.
Some people just feel greed and even at the wrong time when they know that their strategy wouldn’t work in the market condition, they still tend to give themselves hope that it is going to work out for them, while the best option at the moment would be for them to quit. Due to this mentality, they have, they end up deceiving themselves and losing their money.
The real fact. Greed never pays rather it leads to a devasting tragedy of had I know. A bird at hand wroth more than ten thousand in the bush they say. We must not get it all, small today, small tomorrow will help one achieve more.
This is an excellent suggestion: take the small profit you have and plan for future purchase. But there is one thing that is quite important: sufficient knowledge of cryptocurrency in general, as well as solid knowledge of trading. Also, try to gain experience before investing large amounts of money, and avoid investing money that you cannot afford to lose.
Nobody has ever mastered the art of trading. Crypto trading requires more experience. Trade on what you can afford to lose. To avoid loss of money in trading, stay away from greediness, take off your profit and reinvest. Applying wisdom in this bearish season is the best way to survive now the market looks bearish.
Crypto trading is not calculated based on your intelligence but rather your smart move to know when to withdraw and hodl
Crypto trading is not calculated based on your intelligence but rather your smart move to know when to withdraw and hodl
Ride and make a profit, that's all we have to do as volatility will remain, and hence we should view that as an opportunity. Whether it's bullish or bearish, we should be flexible as both market situation could offer an opportunity for us to earn depending on how we see it. As the market is very unpredictable, and it follows a trend or cycle, we should be aware that the bear market will eventually come after the bull market, and that's where we need to use our strategy.
For someone who is a day trader, you are always looking for the opportunity to trade in the market no matter the condition in the market, whether it is the bull times or the bear times, you just have to look for the opportunity.Although the bull times is usually the best because there are so much opportunity and the market would usually go in your favour, unlike the bear times when it might be difficult because the market is mostly depreciating in value. But, Hodlers would mostly prefer to that they are investing at the lowest point in the market and holding for a long term for them to make good profit and that’s just it.
More like don't be greedy, I don't see how being wiser than the market is going to be any bad for someone. Wisdom is literally a higher form of intelligence so I don't see how wrong would it be for someone to be wiser. I mean what could you possibly do in that situation though? Would you get less wiser?
Yeah that is part of my point. You have to be wiser than the market and that is the way you can defeat it for your profit taking. Knowing when the market will drop and staying out of it is being wiser as you won't lose out your capital and if you figure a winning position to trade and jump in for profit is being wiser and not being selfish. If you are selfish it means you are being greedy obviously not the way to trade.
Technical drains in both directions, as if by mistake, happen on all centralized exchanges all the time. After that, you can't prove anything in court. Not regulated by laws.
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More like don't be greedy, I don't see how being wiser than the market is going to be any bad for someone. Wisdom is literally a higher form of intelligence so I don't see how wrong would it be for someone to be wiser. I mean what could you possibly do in that situation though? Would you get less wiser?
Avoiding greed will help us save our profit and feel enough with the profit we get. Wisdom will come to us from our lesson and how we can control ourselves in trading. The market will always change and we know that. Whether we are inside or outside the market, it will be like that. But if you want to follow the market, it will need more analysis and calculation so you will not make a wrong decision. If you can not profit this day, you can come back in the other days because that chance will come to you. More like don't be greedy, I don't see how being wiser than the market is going to be any bad for someone. Wisdom is literally a higher form of intelligence so I don't see how wrong would it be for someone to be wiser. I mean what could you possibly do in that situation though? Would you get less wiser?
I guess it boils down as to how traders or investors really learn from the market itself. If you are a newbie, then you can understand if they make mistakes. But if you have been long in the game, then definitely you have the experience and I would say you should be a wiser and smart investor. So that cycle will continue, the noobs have seen a full cycle (bear/bulls), and then stack up a lot of knowledge. And then we can new comers again in the market, so it's a process that everyone has to go through.
More like don't be greedy, I don't see how being wiser than the market is going to be any bad for someone. Wisdom is literally a higher form of intelligence so I don't see how wrong would it be for someone to be wiser. I mean what could you possibly do in that situation though? Would you get less wiser?
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Following the 📉📈 has been the best advice and has been the most secure way of making it big in trading a principle that will bring about a smooth profit reality but most times we predict where we want the market to go. Been too sure could cost you alot, remember trend change and no market direction lasts for ever.
Probably your title doesn't correspond to the body of your post. Isn't trading basically trying to outsmart the market, that's after studying the market make decisions that you predict the market will make as a result be rewarded with profits whether it's a bearish or bullish direction the market take. Now why you saying we shouldn't be wiser than the market when actually we're trying to outsmart it. The market is usually deceiving with fake breakouts but been able to spot those help you in understanding the market and making right decisions. About not been greedy that is certain but don't say don't be smarter.
The market has a pattern, if it's a bearish pattern that's forming and you're foolishly taking a bullish decision when you're not a long term investor that's what you meant by not trying to be wiser than the market is that what you're advising on because that's how I understand the title of your post although the body doesn't support that. I might be misunderstanding it though.
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