I am not lucky in trading - what am I doing wrong? - page 5.

Oilacris

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Quote from: Webberson on December 10, 2019, 06:49:29 AM

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

Come to think that not all things that youve been copying or following would have the same results when you do tend to use it.Same as you said were accuracy wont really be possible
because it will vary on some factors which would affect the outcome and we know that each person will really have different approach into things and decision making into various things.
Luck is somewhat part of trading but not literally a huge factor because it do mostly talks about analysis.

OrangeII

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Quote from: Bezobraznike on December 11, 2019, 05:20:45 PM

He is wrong cause he even try to trade and make profit in that way. People just hear that trading is profitable, buy low
and sell high, like it's some simple thing to do. After they lose money, they start to think about what they did wrong and
they ask questions like they are total beginners.
Who wish to risk and lose with trading can do that, I think that investing for long-term holding is safer and better option.
You can't make a mistake with buying Bitcoin or Ethereum for the future, why to risk them and maybe lose them.

hearing the story, I realized that he was not very patient in trading. I just suggest that not too easy to follow the news. when people sell, you also sell, and when people buy, you buy. Well, that will only get you a loss. in trading, patience is an important point, but having principles is also a matter that needs to be considered.

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Quote from: imstillthebest on December 12, 2019, 07:46:52 AM

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

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.

risky is not the right word to include when you are facing diffculties in trading but risk is already given before you trade but difficult yes it is difficult to trade but the guy said he already do trading for a few years and with that time he is still a noob ? i find that strange .

it wont be difficult if you will learn too much either by reading or watching a video not unless if your mind is floating during your learning sessions . not all are blessed with good trading skills but we can make it happen if we wont give up .

He probably an experience trader base of his statement but what makes him difficult is he doesn't seem to correct his mistake and let things get worst.
He is probably strange, even though learning in trading will take a while but it could possibly be done in a month. And I do believe that he learn something making me doubts that OP's is telling the truth or just sharing the life of others.

alisonwonder

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Quote from: seramania on December 10, 2019, 11:11:39 AM

you must immediately sell at high prices when experiencing an increase, btc price predictions do not seem to be done. so in my opinion the risk of you holding back is huge. in trading when profits directly sell. it's a classic strategy that still works today,

actually bitcoin can recover but sometimes it takes a long time, if the loss is big enough it's better to hold. we will still face halving next year.
but actually there is something wrong here, trading does not rely on luck so we must be able to learn to analyze. if relying on luck is the same as gambling and you will continue to lose, because trading has fluctuations and fundamental factors.

imstillthebest

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

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.

risky is not the right word to include when you are facing diffculties in trading but risk is already given before you trade but difficult yes it is difficult to trade but the guy said he already do trading for a few years and with that time he is still a noob ? i find that strange .

it wont be difficult if you will learn too much either by reading or watching a video not unless if your mind is floating during your learning sessions . not all are blessed with good trading skills but we can make it happen if we wont give up .

Blackdeath

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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.

Bezobraznike

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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.

He is wrong cause he even try to trade and make profit in that way. People just hear that trading is profitable, buy low
and sell high, like it's some simple thing to do. After they lose money, they start to think about what they did wrong and
they ask questions like they are total beginners.
Who wish to risk and lose with trading can do that, I think that investing for long-term holding is safer and better option.
You can't make a mistake with buying Bitcoin or Ethereum for the future, why to risk them and maybe lose them.

TrevorS

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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.

stiffbud

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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.

Taking volume as the only indicator is the thing that you are doing wrong as there are more indicators that are always in play. You should also consider learning charting as it is the most valuable thing for earning profit, if you are doing it right then you can earn high profits with just limited risk and if not then you will end up doing wrong just like you are doing now.

seramania

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you must immediately sell at high prices when experiencing an increase, btc price predictions do not seem to be done. so in my opinion the risk of you holding back is huge. in trading when profits directly sell. it's a classic strategy that still works today,

Apened

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Quote from: Webberson on December 10, 2019, 06:49:29 AM

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

Very nice. I am also that kind of trader before imitating ones strategy but definitely it won't work unless we know how that people trade what kind of strategy when to entry and exit in the market. Then i found it not working even the best trader teach me so the thing is finding what strategies and time frames fits for me. There's no luck but there's a strategy and a lesson for every mistake that we will be able to experience.

Yamifoud

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Quote from: Webberson on December 10, 2019, 06:49:29 AM

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

Identifying one's mistake is very important and we need also feedback from the other people in order to make it right. But seeing how OP's express his losses, it probably he really doesn't have enough knowledge in trading and experience. It is a common thing to lose but we need to interact also and find a way to minimize our losses. Yes, strategy could be a big factor and that is he needs to acquire to have a better and profitable trading.

Webberson

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Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

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Quote from: drlukacs on December 10, 2019, 03:30:49 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.

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

thanks
P.

Using indicators, you are wrong, indicators are only able to predict the trend with 60% accuracy and it usually happens when the candle has been completed. So to accurately predict the price of Bitcoin, we need to combine a few price action methods and some important resistance and support. Then, you will know what you have to do to not be too loss and maximize profits. All have information on google, your job is to search only.

There is really no certain percentage of accuracy given by the indicators. Indicator is a just a guide for us to identify the moving average of the market, knowing that orders seem to be overhelemed or insufficient comparing to its average can help us to determine if the market will go uptred or not.

drlukacs

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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.

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

thanks
P.

Using indicators, you are wrong, indicators are only able to predict the trend with 60% accuracy and it usually happens when the candle has been completed. So to accurately predict the price of Bitcoin, we need to combine a few price action methods and some important resistance and support. Then, you will know what you have to do to not be too loss and maximize profits. All have information on google, your job is to search only.

TitanGEL

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Quote from: cutesgirl on December 09, 2019, 10:14:01 PM

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.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Trading is a process of learning so it is expected that you may lose at the beginning. Mistakes are only normal because you are new in trading and commiting it is doesn't mean that you are failure. Strive more and study more to becomd better trader who have good management skills and trading skills. Your goal is to not be a rich person, your goal is to have good performance in trading in this year and to more years that will come.

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Quote from: topbitcoin on December 09, 2019, 10:42:23 PM

Quote from: cutesgirl on December 09, 2019, 10:14:01 PM

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.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Right, trading is something that not really instantly although you learn from your mistake, but will need time to be expert in it. I mean to analyze need a lot of condition of market then if we can learn a lot of condition of market, we can do something to at least avoid our mistake and minimize our lose when coin that we bought is not like what we expected.

Many traders today are failing their transaction because of having a lack of confidence and trust about their investment and trading, in trading, there's a two common trading the short term and long term trading in the short term it tells all about trading daily that you are investing your money and convert immediately, but this kind of process does not bring a large amount of income, next is the long term trading that gives a huge profit, but it takes a lot of time to wait for the price of the bitcoin is the best example, the amount of the coin before is just over one thousand dollars, but today the price is over nine thousand dollars.
In being new in trading, you must get a lot of knowledge and resources like asking the old traders to get more info to win all of your trade and also if you are starting better to invest a small amount and get just a little information on trading.

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Quote from: cutesgirl on December 09, 2019, 10:14:01 PM

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.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Right, trading is something that not really instantly although you learn from your mistake, but will need time to be expert in it. I mean to analyze need a lot of condition of market then if we can learn a lot of condition of market, we can do something to at least avoid our mistake and minimize our lose when coin that we bought is not like what we expected.

cutesgirl

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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.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Maslate

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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.

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.

Topic: I am not lucky in trading - what am I doing wrong? - page 5. (Read 2133 times)