How are you trading more efficiently?.

Hamza2424

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Quote from: Finestream on Today at 04:20:21 PM

Trading could be somewhat hard due to its market uncertainty. However, if you stick to your trading plan, I think that will make your trades more efficient and effective. Stay informed with your decisions and keep emotions in check so that your trades will not make you stressful but will definitely increase your chance of success.

Hmm, Staying humble when training is something that people find most challenging. Focusing on the plan also requires discipline, so in my view, in any kind of market situation, your personality behavior should be the same. It can be achieved by practicing discipline, honest emotional control, following the plan, and acting like a robot. All these things are only dependent on how disciplined you are.

Finestream

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Trading could be somewhat hard due to its market uncertainty. However, if you stick to your trading plan, I think that will make your trades more efficient and effective. Stay informed with your decisions and keep emotions in check so that your trades will not make you stressful but will definitely increase your chance of success.

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Quote from: cryptoaddictchie on January 09, 2025, 10:44:45 PM

Im not experienced trader but also considering the news or fundamental events that will affect the price such as fed rate, interest and any other potential event that might trigger a down low or fast bullish scenario. Sometimes it could be use as credible indicator than charts or some parameters.

Maybe try to compare and use historical info and some trading factor.

Absolutely agree with you! Fundamental analysis can be powerful in predicting market movements. Keeping an eye on news and events like fed rate decisions, interest rates, and other economic indicators can give you an edge in trading.
I've also found it helpful to combine fundamental analysis with technical analysis, using indicators like the ones from LuxAlgo to spot trends and patterns.
Do you have any favorite sources for staying up-to-date on market news and events? I'm always looking for new ways to stay informed!
https://www.bitget.com/events/intro/718808b51d785877a2339357c92c9162?color=newYear

mirakal

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News really has a huge impact on the market trend, but of course, we can't make it our only basis, as we still need other factors to further analyze and make final decisions. With all of these things, I can't say that trading is easy, and we can make a profit fast. Because without proper knowledge about this, we will surely not get anything other than losses.

Indeed, exploring and trying new ways or strategies is the best thing we can do to improve. That is why trading is quite pressured and stressful especially if we are taking this seriously.

cryptoaddictchie

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Im not experienced trader but also considering the news or fundamental events that will affect the price such as fed rate, interest and any other potential event that might trigger a down low or fast bullish scenario. Sometimes it could be use as credible indicator than charts or some parameters.

Maybe try to compare and use historical info and some trading factor.

Rruchi man

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Quote from: Phoenixtrader on January 09, 2025, 09:13:03 AM

Also, how are you planning to be more efficient with trading this year?.

One simple strategy is to learn from mistakes, and you can learn from mistakes in trading this year by keeping a trading journal so that you could document errors that you made so that you do not repeat them. The more of your personal errors that you notice, take note of, and learn from, the better the trader you will become.

Another way to become more efficient is to never stop learning. Keep looking for resources to make your strategy better.

Phoenixtrader

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Hey guys, we’re all looking for ways to make trading easier, right? Whether it’s spotting setups more efficiently, venturing into bot trading, or getting news faster. For example, today I got a pop-up notification about the US DOJ approving the sale of 69,000 BTC. This prompted me to short the market because it’s bearish news, and I ended up making 2X from the position using 100x leverage. Yes, risky—I know.

Over the past couple of months, I’ve been using the indicators by LuxAlgo on TradingView to make my trading easier. It helps me spot Couch, OB, and discount and premium zones faster. However, I’m also open to exploring other options, like spot grid trading, bots, or even copy trading.

I know a lot of users here have experience, so I’d like to ask if you’ve used the methods I mentioned. Also, how are you planning to be more efficient with trading this year?.

Topic: How are you trading more efficiently?. (Read 76 times)