I am not lucky in trading - what am I doing wrong? - page 4.

alan2here

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Quote from: FLoving on December 31, 2019, 12:14:43 PM

Quote from: kanayaTabitha on December 15, 2019, 07:25:06 AM

Quote from: d3nz on December 14, 2019, 11:53:32 PM

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

No one can become a professional trader without overcoming these difficulties and actually making money is not always easy because this market is difficult to predict. I think instead of being frustrated, you should add new knowledge and need to try more because if you want to succeed, you need to overcome this first.

I have also experienced the feeling of failure when trading but after each failure, I have many more useful lessons and until now, I have been able to decide for myself all the issues in this market.

bohr

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Quote from: FLoving on December 31, 2019, 12:14:43 PM

Quote from: kanayaTabitha on December 15, 2019, 07:25:06 AM

Quote from: d3nz on December 14, 2019, 11:53:32 PM

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

You are talking as if that is an easy thing to get, I would have loved to have someone besides me to teach me how to trade but no one is going to share his secrets with you, you have to learn on your own how to trade the markets and if you are unable to do it then it is better for you to forget about this market because you will eventually lose your money due to a mistake or by panicking if the price begins to crash again, it is not an easy decision but when someone has been unable to get profits for so long it becomes imperative to admit that maybe you are not prepared to be a trader.

Yamifoud

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Quote from: Wipeout2097 on December 31, 2019, 04:20:39 PM

You are lucky,Just need to review your knowledge,faith and decision power.I share some points hopefully will be helpful fr your future trading career.
The market is not behave according your consent it mean you are wrong,because market is right.First of all understand that what are you choosing know its history in charts and indicators.

Manage your money properly,selection of coins should be qualitative and do not hold the trades for greed.Try to choose coins moving in green there are more winning chances.

That is we called it market adoption. The market doesn't behave as what you and for the fact that it is has a different direction, we are the one to adjust, not the market itself. If we can't make this thing, it pretty sure we go nowhere and ain't living in peace for sure.

Having in trading isn't just having a piece of luck but it is a piece of work/strategy in order to succeed. Nothing could help us with this but just ourselves. If we have trust and knows about trading, we can finally get our goals. Nothing possible if we work hard and keep searching to gather more ideas for our trading strategies may improve.

Wipeout2097

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You are lucky,Just need to review your knowledge,faith and decision power.I share some points hopefully will be helpful fr your future trading career.
The market is not behave according your consent it mean you are wrong,because market is right.First of all understand that what are you choosing know its history in charts and indicators.

Manage your money properly,selection of coins should be qualitative and do not hold the trades for greed.Try to choose coins moving in green there are more winning chances.

FLoving

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Activity: 1022

Merit: 521

Quote from: kanayaTabitha on December 15, 2019, 07:25:06 AM

Quote from: d3nz on December 14, 2019, 11:53:32 PM

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

bohr

sr. member

Activity: 994

Merit: 257

Quote from: Panslav on November 27, 2019, 12:19:15 PM

Hello all,

need advise, if any exist

I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

thanks
P.

You do not need us to tell you are doing something wrong, the market is giving you a very clear answer to that question, if you have been in this market for years and you have been trading for that long and you still not have gotten any good results then it is obvious you need to change what you are doing, my first recommendation is that you paper trade your strategy against the previous movements of bitcoin, if you can obtain profits then there is something wrong with the management of your emotions but if you cannot then it is time to change your strategy.

carlfebz2

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Quote from: wxa7115 on December 16, 2019, 01:07:05 PM

Quote from: gabmen on December 15, 2019, 02:38:36 AM

Quote from: d3nz on December 14, 2019, 11:53:32 PM

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

It's not really about luck in the first place. You'll keep on making mistakes. Sometimes to the point that you're not sure anymore if it's for you or not. The key here is to learn from your mistakes even if there's a lot of them. I'm pretty sure that's how experienced and efficient traders became who they are.

Most of us are not doing well during our first tries in trading but just keep on learning and keep on gathering experiences.

Another huge problem are the false expectations that people have out of trading, many people believe that it is extremely easy to make profits in the markets, they think that you can just buy a coin and then sell it for a higher price and you will get to enjoy an easy life out of your profits, people need to understand that trading is hard, really hard, and like any activity that is so difficult you are going to make mistakes and you are going to lose money.

But if you are able to overcome that stage on your growth as a trader then you could become profitable but it is not going to be a fast process, you are most likely not going to get the profits that you want, and unfortunately many traders never overcome that stage.

Common mistake on most people specially when we do starting up where we do have those kind of mindset or beliefs that buying low and selling high is just easy as it sounds
but when you are already in the middle of the trade then this beliefs would really vanish out and you would realize that it isnt really an easy task.Earning even a small percentage
is possible but it would take some analysis for you to take because trading doesnt rely on luck but rather mostly on analysis.

wxa7115

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Bitcoin is GOD

Quote from: gabmen on December 15, 2019, 02:38:36 AM

Quote from: d3nz on December 14, 2019, 11:53:32 PM

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

It's not really about luck in the first place. You'll keep on making mistakes. Sometimes to the point that you're not sure anymore if it's for you or not. The key here is to learn from your mistakes even if there's a lot of them. I'm pretty sure that's how experienced and efficient traders became who they are.

Most of us are not doing well during our first tries in trading but just keep on learning and keep on gathering experiences.

Another huge problem are the false expectations that people have out of trading, many people believe that it is extremely easy to make profits in the markets, they think that you can just buy a coin and then sell it for a higher price and you will get to enjoy an easy life out of your profits, people need to understand that trading is hard, really hard, and like any activity that is so difficult you are going to make mistakes and you are going to lose money.

But if you are able to overcome that stage on your growth as a trader then you could become profitable but it is not going to be a fast process, you are most likely not going to get the profits that you want, and unfortunately many traders never overcome that stage.

kanayaTabitha

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Quote from: d3nz on December 14, 2019, 11:53:32 PM

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

Triffin

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Activity: 952

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Quote from: Webetcoins on December 14, 2019, 06:01:42 AM

Quote from: Blackdeath on December 12, 2019, 07:32:43 AM

Quote from: Panslav on November 27, 2019, 12:19:15 PM

Hello all,

need advise, if any exist

I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice.

it’s true that we cannot rely only on bookish knowledge but we will have to do some practice as well. We should know that how to handle situations and we must be aware of all market ups and down I think if you are not getting satisfied with your bookish knowledge you better go for watching useful videos related to trading and always learn from your own mistakes.

gabmen

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Quote from: d3nz on December 14, 2019, 11:53:32 PM

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

It's not really about luck in the first place. You'll keep on making mistakes. Sometimes to the point that you're not sure anymore if it's for you or not. The key here is to learn from your mistakes even if there's a lot of them. I'm pretty sure that's how experienced and efficient traders became who they are.

Most of us are not doing well during our first tries in trading but just keep on learning and keep on gathering experiences.

Subbir

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You want to try and do this while not having to review day trading too exhausting then can you'll have to I in person suppose that day trading is incredibly troublesome to analysis you create the error of analyzing there's little question that you just will wander away. once it involves day trading, you need to initial have a decent plan If you would like to try and do day trading you need to initial have a decent plan and you'll not trade, though if you've got any previous expertise you'll do one thing.

d3nz

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Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

Karmakid

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Quote from: Colt81 on December 14, 2019, 01:17:14 PM

Quote from: Webetcoins on December 14, 2019, 06:01:42 AM

Quote from: Blackdeath on December 12, 2019, 07:32:43 AM

Quote from: Panslav on November 27, 2019, 12:19:15 PM

Hello all,

need advise, if any exist

I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice.

Indeed. You can't really learn trading if you didn't get enough practice with it and not trying to trade even just in a small amount for you to have an experience in trading. I personally believe that books and video tutorials are just guidelines and tips that you still need to do it hands on for you to find out if it will be effective on your future trades.

Implementing and executing the strategies or plays that you have learned throughout from reading book, watching videos on youtube etc. are the start for a newbie or a beginner to learn trading. Learning is not always about watching and reading, it is about applying and adjusting to the mistakes that you will be making in order to come up with a better strategy that will fit in your style of trading.

Slow death

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Quote from: Panslav on November 27, 2019, 12:19:15 PM

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

Well, there are more than a month that you do not make any post here in the forum. I suppose you must have given up on trading or the answers were not to your liking. But if you ever go back to the forum and read the posts made in this thread I suggest you study the market a lot, try to learn from the experienced market people. Knowledge is the key to overcoming any obstacle

Colt81

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Quote from: Webetcoins on December 14, 2019, 06:01:42 AM

Quote from: Blackdeath on December 12, 2019, 07:32:43 AM

Quote from: Panslav on November 27, 2019, 12:19:15 PM

Hello all,

need advise, if any exist

I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice.

Indeed. You can't really learn trading if you didn't get enough practice with it and not trying to trade even just in a small amount for you to have an experience in trading. I personally believe that books and video tutorials are just guidelines and tips that you still need to do it hands on for you to find out if it will be effective on your future trades.

Webetcoins

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Quote from: Blackdeath on December 12, 2019, 07:32:43 AM

Quote from: Panslav on November 27, 2019, 12:19:15 PM

Hello all,

need advise, if any exist

I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice.

ice098

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Quote from: Maslate on December 09, 2019, 06:52:05 PM

Quote from: Mr.Ease on December 08, 2019, 09:01:12 PM

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

It is hard to stop fear if you are starting in trading, we all experience that. Maybe now we can lose some money due to wrong price instincts but we need to learn in every way that we can do, learn from mistakes so that it would be our great teacher . Trading is a trial and error thing too.

adzino

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Quote from: TrevorS on December 11, 2019, 05:07:19 PM

It’s quite difficult to give advice without any data in front of you.
As the saying goes: what question is the answer. You can make mistakes in many aspects of trading, but judging because you wrote most likely you just don’t understand when you need to enter a trade and when to exit. For starters, I would advise you to buy a subscription to Trading View and watch what the best traders in the world listen to their analytics and look at their deals, specifically at the time of entry and exit. Learning from the example of professionals is always easier than yourself.

I wouldn't advice someone to buy "subscriptions" (honestly, this sounds totally stupid) to watch best traders in the world are doing. I wouldn't also randomly believe what they are saying. As far as I know, most of these well known traders are bought by the project team just so that they can shill/advertise for them.
Instead of wasting your money on those shitty subscription, use it to trade. At least you will get some experience and be able to learn from your mistakes.

wxa7115

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Quote from: Mr.Ease on December 08, 2019, 09:01:12 PM

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

Very few traders have what it is necessary to do any of those three things, in order to stop buying for the fear of missing out then they need to understand the markets and know when the market is growing because of a natural increase in the demand and when it is growing just because of speculation, in order for traders to stop selling their coins because of their fear then they need to stop investing in bad projects.

And in order for people to learn how to hold their coins they need to know more about the technology and how a coin like bitcoin is basically unstoppable and its success is almost guaranteed.

Topic: I am not lucky in trading - what am I doing wrong? - page 4. (Read 2131 times)