Don't be wiser than the market - page 6.

Vaculin

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Winding down.

Quote from: Captain Corporate on January 28, 2022, 02:36:47 AM

Quote from: Sterbens on January 28, 2022, 02:04:08 AM

This is ideal and that is what most traders expect. But somehow this is difficult to control consciously. When the market movement from a weak mentality leads us into the market game, it is as if we are indoctrinated to follow it. But as you said, trading is in our control.

Therefore we need really serious training because in trading we have to adjust to the trading targets that we have set.

You have to realize that there is nothing that you could do which would "trick" market to do something else. Even when you are a whale, only nations can do it and maybe super famous people like Elon. Even that is not easy, Warren Buffett tried to say bitcoin is bad for a decade now and people still ignored, but somehow cared about what Elon said. So all in all not many people can control the market, so all we have to do is find a strategy, find a way that would work for us, and then just keep doing that no matter what the weak mentality people say. Just forget about rest of the world and keep on doing your own way, if it profits you then it profits you.

We can be the best traders we want to be but that does not mean that we are capable to control and win over the market. Having this unpredictable and very volatile market can be our best enemy, but if we just learn to ride with it and never be affected with greed, we can always win our trades but not with the market. As there was a saying that if you fail to plan, you plan to fail. Successful traders have always their plan written on the stones. You can read it more here..https://www.investopedia.com/articles/trading/04/042104.asp

Captain Corporate

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Quote from: Sterbens on January 28, 2022, 02:04:08 AM

This is ideal and that is what most traders expect. But somehow this is difficult to control consciously. When the market movement from a weak mentality leads us into the market game, it is as if we are indoctrinated to follow it. But as you said, trading is in our control.

Therefore we need really serious training because in trading we have to adjust to the trading targets that we have set.

You have to realize that there is nothing that you could do which would "trick" market to do something else. Even when you are a whale, only nations can do it and maybe super famous people like Elon. Even that is not easy, Warren Buffett tried to say bitcoin is bad for a decade now and people still ignored, but somehow cared about what Elon said. So all in all not many people can control the market, so all we have to do is find a strategy, find a way that would work for us, and then just keep doing that no matter what the weak mentality people say. Just forget about rest of the world and keep on doing your own way, if it profits you then it profits you.

Findingnemo

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Bitcoin = Financial freedom

All you need to be is wiser than others not about the market, if people are selling Bitcoin then wait for the right price then start accumulating then wait until everyone realize the prices starts to rebound they will buy again so you should wait until the near peak then sell it that's the trading is profitable or you can call it as long term trading.

Sterbens

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Duelbits.com

This is ideal and that is what most traders expect. But somehow this is difficult to control consciously. When the market movement from a weak mentality leads us into the market game, it is as if we are indoctrinated to follow it. But as you said, trading is in our control.

Therefore we need really serious training because in trading we have to adjust to the trading targets that we have set.

Oshosondy

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Gamble responsibly

Quote from: The Cryptovator on January 27, 2022, 02:15:01 PM

Yea, I have to agree that we usually predict where we want to see the price. But it doesn't happen most of the time and regrets it eventually.

That is true that most traders predict and the market go the other way which causes liquidation especially for future traders, I mean traders that are engaging themselves in future trading. But what js causing most liquidation is greed and inexperience, some traders will go for 100x leverage or more which is highly risky, I remember when I went for 10x it is also very risky. 5x is even very risky in volatile market. If the market is also against someone's direction, 3x can be very risky during extreme volatile market. The leverage someone is using is many times the cause of liquidation but trends can really help but some traders are day traders and trends can not work for them but only in few times during the hype.

michellee

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🐺Spinarium.com🐺 - iGaming casino

Becoming wiser will be needed for every trader and investor and always adapt to the market's change so you can use it for yourself and you do not have to panic wherever the market moves. While taking a rest and giving it a try the next day also helps you release stress from the market and this can refresh your mind so you can analyze better on the market. You can follow the trend, but if you do not know when to get out of the market, you can screw yourself and in the end, you will lose your money. You should take profit while you can and not wait for the other high price as that can not always happen. You should know when to decide and make a profit.

LastKiss

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SOL.BIOKRIPT.COM

Quote from: cabron on January 27, 2022, 07:24:47 PM

Some of the wise traders don't wait for the market ATH. Just when they learned that the price is close to RSI overbought, they already dump and wait for months for the price to its bottom. But the trick there is they also have no idea where the bottom could be so they just buy at which price they are comfortable in dipping thier toes to a rocky river.

It's not so wise but it's still profitable for them. Because what is important is that they still have the capital to once again play in the market.

Yea rather than waiting it's better to start to take this opportunity because we don't know where is the bottom at. While we watch the market movement it's better to gather your capital to increase your holding bit by bit and wait for another year and another ATH. I believe cryptocurrencies will touch it's new ATH and it's only a matter of time.

cabron

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Some of the wise traders don't wait for the market ATH. Just when they learned that the price is close to RSI overbought, they already dump and wait for months for the price to its bottom. But the trick there is they also have no idea where the bottom could be so they just buy at which price they are comfortable in dipping thier toes to a rocky river.

It's not so wise but it's still profitable for them. Because what is important is that they still have the capital to once again play in the market.

GreatArkansas

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This is one of the best methods I am doing when doing trading. I am with the trend or avoid countering the trend.
Catching some dumps/pumps for me especially when using leverage is like catching a falling knives, so for me that kind of method is somehow not effective but there are some who making profits with this especially when they are on the right time.

24Kt

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Quote from: goinmerry on January 27, 2022, 06:20:22 PM

When Bitcoin price increases by 10%, everyone will say "the dip is over!"

When Bitcoin price decreases by 10%, "damn bullshit bear is coming!"

There are really times that people are dragged by the hype. It's common. But to predict something out from that reference only, it's inappropriate. Never ever be wiser than the market but instead, be wise on our strategy how to go with the flow with the market.

You can strategize on how to take advantage of the market, whether it is in bearish or bullish season. A smart trader can always earn profit no matter what the condition of the market is. It would be a challenge for everyone to find a good technique on how to lessen losses let alone earn profits. But it takes experience on how to survive in this market. If you will give up easily, you won't achieve what you desire in this market.

goinmerry

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When Bitcoin price increases by 10%, everyone will say "the dip is over!"

When Bitcoin price decreases by 10%, "damn bullshit bear is coming!"

There are really times that people are dragged by the hype. It's common. But to predict something out from that reference only, it's inappropriate. Never ever be wiser than the market but instead, be wise on our strategy how to go with the flow with the market.

adzino

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www.Crypto.Games: Multiple coins, multiple games

This is obvious for some people, but most people don't get it. They follow the market trend or prediction and thinks that they are doing the right thing. But when those prediction doesn't turn out to be true and people loses money, they start calling crypto currencies a scam. All those price predictions are just predictions and nothing else. There is no certainty that what was predicted will happen and it will follow the trend or not. The market is very volatile and any events can cause a huge impact on the price deviating the market from the trend. That's why short term trading is very risky and long term holding has less risk.

Kelvinid

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win lambo...

Quote from: kawetsriyanto on January 27, 2022, 04:18:35 PM

Quote from: Zilon on January 27, 2022, 09:42:27 AM

If it doesn't work out In a single trade take a rest and try again some other day.

Agree with you, don't force ourselves in trading. If it seems to not work well and the market situation is not friendly enough, it is better to stop trading temporarily.

This is the common reason why people had failed and lose their money. There is so much pressure from themselves to learn trading which wasn't the thing to do. And in fact, many people wanted to take the shortcut but somehow, they don't find any. We simply can't just underestimate the market nor we can even be wiser as it was because nobody can predict what will happen next. And this is a reason why traders especially newbies suffer losses before they learn more and become experts.

Honestly, nobody had become wiser than the market even trading experts can't compare to it.

Johnyz

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Quote from: Oshosondy on January 27, 2022, 01:54:00 PM

Experience is all that matters most while trading, it is true to not trade more than the amount that can be affordable to be lost, because trading can be other way around many times which will not favor the trader at all. Experience matters, someone that have the experience already would have known the do and don't of trading but new traders should be very careful they should not be wiser because it is clear how they can trade and lose significantly.

We all started with zero experience and we all know the risk of trading if you do it with zero knowledge so its really advisable to study and learn trading first, this is very important so you can achieve your goal in trading. TA allows you to timing the market, many forget this and becomes greedy the result is not good for them so if you do trading always have your confidence and analysis to become more effective.

kawetsriyanto

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duelbits.com

Quote from: Zilon on January 27, 2022, 09:42:27 AM

If it doesn't work out In a single trade take a rest and try again some other day.

Agree with you, don't force ourselves in trading. If it seems to not work well and the market situation is not friendly enough, it is better to stop trading temporarily. Taking a rest and planning to try again the next day is a better option, no need to force trading on that day. I'm also working as a day trader but I don't always trade every day, I trade when I think the market condition is suitable for trading. When the market is decreasing severely and it seems to continue for several days, I avoid trading and prefer to wait-see for a moment.

Finestream

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Quote from: Mauser on January 27, 2022, 02:41:29 PM

Quote from: Zilon on January 27, 2022, 09:42:27 AM

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.

Amen brother! There is no need to force returns in the market in one day, we are just a small trader compared to the total market and can't influence the prices. Assuming that our trades would have any real price impact is like thinking that we know more than the market, what is wrong. Like you said there will always be another day and another chance to make a profit. We shouldn't worry about missed opportunities, that is just greed speaking in our head. Following a good strategy and relying on fundamental and technical analysis will help us to prevent reacting on our emotions. Trading is a hard business and requires a lot of work for staying ahead, and still requires some luck to make a profit.

This is the reason that those who insist to be more wiser than the market ends up to be frustrated and lose their patience. Based on my own experience, trading is really hard and in most cases, you have to admit to yourself that you can't do winning the trades all the time. Losses will always happen even how much you try avoiding it. So its better if we can learn to adjust and ride with the market, than to see yourself struggling to make profits.

Mauser

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Quote from: Zilon on January 27, 2022, 09:42:27 AM

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.

Amen brother! There is no need to force returns in the market in one day, we are just a small trader compared to the total market and can't influence the prices. Assuming that our trades would have any real price impact is like thinking that we know more than the market, what is wrong. Like you said there will always be another day and another chance to make a profit. We shouldn't worry about missed opportunities, that is just greed speaking in our head. Following a good strategy and relying on fundamental and technical analysis will help us to prevent reacting on our emotions. Trading is a hard business and requires a lot of work for staying ahead, and still requires some luck to make a profit.

stomachgrowls

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Quote from: Zilon on January 27, 2022, 09:42:27 AM

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.

Dont try to be perfectionist and this would be the key and i cant deny that i do have this kind of mindset wayback on trying out to have perfect trades and wouldnt really tend to make a losing one
which it did really frustrate me off when i do have loss some trades and made me realize that dealing with the market isnt simple as it looks or simply as you do heard off because once you are on the market dealing off with yourself then making the next move would be always a big question.

Dont really be that confident that you could able to handle everything out because this isnt how the reality works.If you wont able to believe so then test it out for yourself.

The Cryptovator

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Yea, I have to agree that we usually predict where we want to see the price. But it doesn't happen most of the time and regrets it eventually. I am one of the people who decide to trade with the trend. Once the market starts to dump then I make a target where should I take my first entry. If continue dump then I sent my second entry. That's how I decide to take entry step by step. If start pumping again, then I just hold my assets and sell them for profit. But for that we need patience. If the price continues to dump that I bought shouldn't be panic. Otherwise, we can't make a profit. That's how I trade now, but I like slow trading, not day trading.

Oshosondy

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Gamble responsibly

Experience is all that matters most while trading, it is true to not trade more than the amount that can be affordable to be lost, because trading can be other way around many times which will not favor the trader at all. Experience matters, someone that have the experience already would have known the do and don't of trading but new traders should be very careful they should not be wiser because it is clear how they can trade and lose significantly.

Topic: Don't be wiser than the market - page 6. (Read 883 times)