Topic: How are you trading more efficiently?. - page 2. (Read 807 times)

Do you really understand how risky 100x leverage is? 1% dump or pump of the price is enough to either liquidate you or double your capital. I believe that the 1% dump of Bitcoin's price wasn't because of the bearish news, such a small price change always happens without a reason. 100x leverage alone is one of the riskiest things in trading but a short position on futures is another level of risk. Never open a short position on futures because exchanges often manipulate the futures market to liquidate their users. Exchanges provide liquidity, that's why you are able to trade with 100x leverage but in order for exchanges to profit, they manually manipulate the market and liquidate those who trade with leverage. I wouldn't even risk playing on futures with 2x leverage with a short position.

Market uncertainty is the biggest reason why a trader must always be active and serious in learning, and that is what is meant by skill-based activities, meaning that you will only be able to make a profit if, for example, you have knowledge and skills, in the sense that when your skills and knowledge increase, the possibility of getting consistent profits will be more possible for you, so it can be said that developing better in trading depends on how hard you try to continue learning and also depends on how patient you are in going through the process. I'm sure most people will agree that the hardest part of trading is controlling yourself and your emotions, and in most cases it is proven that this is what often leads a trader to a large amount of loss, meaning that besides having to learn many things that can increase your chances of profit, you also have to learn various things that are useful for minimizing the possibility of excessive losses.

Fundamental analysis in most cases just provides volatility for technical analysis to play out faster however keeping in touch with fundamentals can help provide clarity to the direction of price, because confluence will always be an advantage to a trader

Fundamentals and checking the news are sometimes effective. Like yesterday, there was the announcement of Trump of his official memecoin. If someone who's too active checking all these trends and news, they have already rode the news and then bought that coin. And if until now holding it, there's already a profit within it. That's how people trade nowadays aside from technical analysis and whichever works effectively, you got to choose them for maximum profiting.

Trading has never been easy even to those who have been trading in years, the risk of losing and the fear of not making any significant profits is still there. But we can’t stay this way forever. We need to elevate, we need to see more positive outcomes from trading, and we can only make this happen if we decide to dive deeply on trading.

News are important, but we should also adapt psychological discipline as this is very crucial when trading. Making money is not all about skills and strategies, but let’s keep our emotions in check and maximize our patience through gaining more understanding in the trading market.

Everyone need to strict with his own method or strategy because this works conditions and atmosphere never been same for all we have things which surely create problems for someone bug same are profitable for someone else just do one favour for yourself do some preparation before entering into trading.

Check all if trading is profitable then jumps in but if you or your strategy is not working then keep yourself on side and wait for the right time this is the best thing entering without any solid analysis and just going without any preparation always hurt or can give big lost as well. No doubt going for 2 or 3 trades ok but if you are not comfortable then you can take more time or also can go for just 1 trade for 1 day as well because after having experience and better technique you can increase your trade number after some time for better results.

It is very high and has a big risk too. But on the other hand I don't see him trading like a casino, because if it is based on analysis and has considered what the risk is like or knows what the risk is like, I think it is legitimate because he himself made the decision and of course must be able to be responsible for the decision he has made. However, this also cannot be imitated by many people, especially if they are beginners, because such a risk is a very big risk and must also be with a very big mentality. In my opinion, this can only be done by people who already have a very strong mentality.

After I saw that you were using x100 leverage, all other information from you is no longer perceived, because you treat trading like a casino. And even if you managed to make a profit this time, it won't always be like this and you will eventually lose your deposit.

Seen a lot of people on YouTube who do some kind of bots that actually work, allowing them to search related posts on Twitter or something like that being able to be updated about the news, something like if Elon Musk tweet something that could affect the market, the bot site could easily detect if on Twitter, also if it doesnt work they use google lens search as well, plus use some kind of discord bot allowing them to buy and sell his trade in a split second, both of the bots I think are premium one or paid one, I've watched the guy do the trading live with his friends allowing him to bag thousands of dollars in the market.

I've stopped the future trade because I didn't have a lot of time to do some research and trade, Still, I think the best way to do it is to do some research on the project, invest in it, hold your token, and sell it at a target price. Done it on some of the top 100 tokens in the market, and make a huge profit out of it, In my experience as long as you can hold the token for years it's a guaranteed profit every time, as long as you invested on a token that has potential and utility.

Just to make it clear OP, being an efficient trader does not guarantee sure profitability as there are a lot of efficient traders who are still experiencing mistakes and gradual losses. But for some reasons, if you mean efficiency in decision making and risk management, hence it would definitely boost long term profitability.

Efficient or not, as long as you trade with caution, trading profits will be achieved. But trading isn’t all about profits, that’s why we should also prepare for some mistakes and losses since we are trading in an unpredictable market.

Those who have bought more of the best assets such as Bitcoin are indeed better off holding on than selling them right away, but for those who like trading will continue to do so in conditions like now even though what is being traded is not an asset like Bitcoin. Because trading can always be suitable for many other crypto assets so that someone can still keep Bitcoin but still continue to do their trading work to seek profit through other assets because now there are also many altcoins that are experiencing price spikes in the market.

Adapting to all conditions, regarding the news I myself see it as additional information, good or bad, as information retrieval in terms of decision making, but the percentage is very small that I am influenced. My own analysis is what I use naturally, which is born based on my own trading experience.

Today the market seems to have started to move and has penetrated more than 100K and we can conclude that although gradually the number 120K will be getting closer in front of our eyes and holding is the best decision at this time for more efficiently

News of course do impact the price of bitcoin, I never deny that, and I do support that as a way to take a look at the market, but trading based on just that doesn't make sense because first of all not all news impacts the price so you wouldn't know which one will and which one won't, and secondly like you said there could be fake news out there and you would not know which one is fake and which one is not until it comes out. All of which means that we should be more careful and the results will not be good if we just stuck to it. Since this isn't a good way, the best way is still go with technical.

I don't have that much experience in trading compared to you with the use of those tools that you've mentioned. I don't even get into the news for my trades so fundamentals do really help. I will never try to get into that leverage with so much money. It's a true gamble.

Exactly.
I am saying that I am not a good trader as OP described himself. If he's using indicators and he knows how to use it and makes profit from it, there's really no problem at all. As long as he makes money from it, why care right?

Trading on news has always been a good way but sometimes we buy the wrong dip or wrong pump (sell) I have experienced this recentlyas I did 3 buyings and I always thought the first dump was the last dump and then another came and then another camp and the dump on 10th of Jan (correct me if I am wrong with the date) was 4th dump I did not bought anything hehe as had no funds.

We can never know if we are buying the dump or pump but we must keep one thing in mind that newbies should avoid future trading because on fundamental analysis future trading can make some good profit but it is not like every news is going to make you money so be careful.

How about learning how to do TA and going from there. Indicators are only good if you know how to use them.

I still use manual methods where I analyze the market situation and if I see I can enter to the market, I will trade but if not, I will wait for a while. I am trying to force myself to trade because that can makes me lose and if that is happen, I can lose control of my emotion.

I don't mind to trade two or three times in a day but that can gives me profit. But if I can not trade for that day, I will not trying to trade. I prefer to wait for the next day especially when the market is unpredicted.

When dealing up with trading then it would really be that an endless trial and error on which you will really be that needing up to adjust accordingly whether you would really be needing up some additional when it comes to analysis or any strategies that you would really be needing to put up. It will really be just that depending on a certain individual because not all will really be that confident into their trading styles and on how the way they do really handle up themselves. This is why at the time or moment that they will be facing up some struggles then there are those who are really that easily gives up and there are ones who do really that sustain up and this will be that depending into a certain individual.

Trading efficiently is something that you will be needing up to target or achieve into but of course it wont really be that so easy that you can be able to obtain. There are those times or moments that you will be needing up to quit because you dont understand on whats happening. Results or outcome will be the basis on how good you are when it comes into your trading. Everyone starts on being a newbie on which means that we are really that normally be able to obtain or achieve. When dealing up with trading then it all matters on how you do make out decisions and outcomes and on results will be that totally different to each other. So it will really be on situational basis.

You may use various branded indicators, but in my experience trading on the crypto market, this method is not efficient in generating real profits for me, My understanding is that the best and most efficient strategy is what you do with experience, because theory and practice are very contradictory.

Trading in the crypto market requires real knowledge and knowledge to carry out activities in the market, where changes in the price of the crypto assets we trade can change in a matter of seconds, so the efficient way you need to handle it depends on the type of crypto you are trading.

Trading isn’t about how many trading strategies you’ve learned or being exposed to, but it’s all about how do you trade with such an unpredictable market. Remember that it only takes one or two strategies to make successful trades, the rest are just nothing but of less value. However, being an efficient trader is everyone’s goal, but we all know it won’t be happening real quick, but it may take even years of practice before becoming an efficient one.