Topic: I am not lucky in trading - what am I doing wrong? - page 8. (Read 2133 times)
You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.
If you are not lucky in trading it should be a big lesson for you to stop. If you want to earn for long term try to invest bitcoin and hold until it goes up. Somehow it can help you to manage and watch the flows of the market.
I think it's better to review @OP's strategy. Sometimes trading needs your focus and passion plus the knowledge doing it. But sometimes even if you are doing your best, the outcome does not come out as expected. That's why its better to always learn those different technical analysis tools.
In my honest opinion, there is no luck in trading. If you are not feeling lucky then there is something wrong with you. The wrong in you is you expect to be lucky in trading where trading does not work in that way. Trading requires skills and patience so a particular trader can battle with the other trader in the market and wins and take home the money. Change your mindset.
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.
Your very first problem is your mindset, the title of your thread seems to indicate that you believe that luck has anything to do with it and you could not be more wrong, this is about skill, and you need skill to read the markets correctly and make profits in them, so the very first thing that you need to do is to correct that kind of thinking and until you do I can assure you that you will never get profits.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 have a question for you, do you keep very detail records about what you were doing and what you thought when you made those trades? If you do, could you tell us what happens if you do the opposite of what your current system is telling you, do you earn any money if you do this? Because if you do then you already have a winning system you just have been using it backwards.
I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.
Holding bitcoin is really, I mean, if we really like holding bitcoin and buying time to time during 2019, we"ll end up getting 50% profit by now. I meant long term investment in bitcoin is really so good, but also if you're good at trading and you'll have a little bit of luck you'll even make more profit in short term periods. It's all about your knowledge, the good decisions and a little bit of luck.
If you are not lucky in trading it should be a big lesson for you to stop. If you want to earn for long term try to invest bitcoin and hold until it goes up. Somehow it can help you to manage and watch the flows of the market.
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.
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 can see you are a newbie , i guess you planned to major on trading for you to have run here with this rank to get help. you need a lot of knowledge to start trade and be successful about it. insufficient knowledge has affected alot of people here. that bitcoin is volatile should first be on every traders mind, price value is never stable, but what yon need to do is set your selling/buying prices at your targeted value, to sell at set time.
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.
Maybe your source income not come from trading, you have upgrade you trading skill to get much profit whit your next chance, every thing can be change to learn with trading system and looking which one good coin for investing, you need ask at the forum and check their social media account from your coin investing, have new information there or not about their coin update. 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.
many times opposite happens and nothing works all we can do at this time is trade less , takes less risky trades , many traders have statement when I enter trend changes and go against , don't force yourself to take trades wait for setups which your are good at , every trades don't work out
Don't trade with fear
A trader must not look for a particular situation that he will trade in but develop the ability to trade in all sort of seasons. With the first approach, his trade automatically gets limited because the market wont remain the way he looks for. In addition to this, if the loss is not the outcome every time he trades, then this is pretty okay because all of us are destined to come across failure in our lives. Just learn from the mistake and move on.Don't trade with fear
Failure were just a test for all of us, this is not a hindrance for us to become successful, but instead, it will be our motivation that no matter what we will never give up, trading is not that easy job, we need time, patience, sacrifice, we will encounter a lot of losses, we will cry sometimes but once we overcome it all, we will have a brighter future in trading and it will be an easy battle for us once we have overcome it.
many times opposite happens and nothing works all we can do at this time is trade less , takes less risky trades , many traders have statement when I enter trend changes and go against , don't force yourself to take trades wait for setups which your are good at , every trades don't work out
Don't trade with fear
A trader must not look for a particular situation that he will trade in but develop the ability to trade in all sort of seasons. With the first approach, his trade automatically gets limited because the market wont remain the way he looks for. In addition to this, if the loss is not the outcome every time he trades, then this is pretty okay because all of us are destined to come across failure in our lives. Just learn from the mistake and move on. Don't trade with fear
I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.
There's always different opinions regarding to this strategy, long and short term traders have their own ways on how they will take the advantages to earn out from this business, it's difficult to predict the price and how the market will move but if you do have a good system to track what will be the next market trend then the chance that you will able to benefits is always possible. It's your choice in how you will make your way to succeed. 
I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.
This is what I often feel but I have realized that if it’s about me being lucky, then there is no way I can succeed in long run. So this is where we need to be wise with our approach. I find it easier with FreshForex to be somewhat lucky. And that with their 101% Tradable Deposit Bonus, which at least gives me room to work with comfort.
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.
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.
that means you're trapped by the whale strategy, you shouldn't make a decission by looking at the current market position, you should determined your buying area and selling area before enter the trade and you also have to not FOMO by the agility of market movement because that is what whales want.
as a beginner trader you must learn to use RSI and Parabolic SAR as a reference when to buy and sell. and you have to be patient, don't ever panic when trading when you already get profit, immediately take it, the most important thing is never to be greedy, it will make you regret that you can't sell at high prices. remember price movements are volatility.
Oh well congratulations you just give a newbie some lights! 
, at least provide a little bit explanation about what you have mentioned above about RSI and SAR itself.But here lemme tell you something who wondering about these RSI and SAR .
RSI = Relative Strength Index
Is one of many popular technical trading tool
It's an indicator to evaluate the strength of the market.
To identify the overbought or oversold in the market.
Trading is not about being lucky or not indeed , you need to continue compounding knowledge and put it into action. Not only compounding the asset itself!
I have encountered many cases like you and myself, now also having this problem. It's really hard to deal with and it often makes us very sad and feels like we lack confidence. But don't worry, everything will end when you give up really. Try to understand the ways to identify the peak and the bottom, it will help you a lot in making more accurate decisions and less risk.
Everything will be better soon, all we need to do is never stop and still having an effort to learn more about trading so we can trade with right and we can improve our skills. Although it is difficult to learn any lesson, as long as we can try to learn, I am sure that in one day, we will understand the point of every lesson. We can identify market situations with learning from some lessons, but if we don't learn anything, I am afraid that we cannot do that so we can get lost again and again. One day, you will know when the right time to buy and sell so you can try to recover your loses and make a profit.
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 have encountered many cases like you and myself, now also having this problem. It's really hard to deal with and it often makes us very sad and feels like we lack confidence. But don't worry, everything will end when you give up really. Try to understand the ways to identify the peak and the bottom, it will help you a lot in making more accurate decisions and less risk. 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.
that happens to a lot of people, not just to you. Just continue to practice trading with small amounts. When you average the times that a traders missed the right buy or sell point, I think most of us are more in the negative. Trading will test your patience and sometimes it will seem that you're just out of luck. Good traders set this aside and continue to learn. If you want to be an efficient trader, then you shouldn't let setbacks dictate your general outlook towards trading. It's a continuous learning process.
Correct and he shouldn't lose hope for those loses since he might gonna come up with an idea on how to trade properly by those experience and the only thing he need to do is to prolong our patience,learn the statistical movements of the market and deprive our fear aswell extend our patience on it since if we master it for sure a lots of income will come unto us.
But also maybe if he don't have enough bankroll for possible losses maybe I suggest it to him to use the site who offered trial phase or maybe just monitor and learn the market flow.
How can we learn to trade with that ways you meant to be? Since the market hasn't able to come up at good value ever since crashes unfortunately dragged down all potential rising coins. Your advise is somehow a good strategy in getting the trial phase, but maybe I'd be doing that when crypto markets starts to recover. Meanwhile, I would try to focus on holding my asset even though it was not yet increasing at good value; at least there's always a chance while seeing cryptocurrency is trying to recover right now.
as a beginner trader you must learn to use RSI and Parabolic SAR as a reference when to buy and sell. and you have to be patient, don't ever panic when trading when you already get profit, immediately take it, the most important thing is never to be greedy, it will make you regret that you can't sell at high prices. remember price movements are volatility.
If not lucky with trading you can try investing on ICO or IEO, there are do not have system like trading on altcoin but you only check which one potential and serious for building their ICO and IEO have higher price after listing on exchange market, you can get much profit if invest with good ICO and IEO because after coin listing on exchange have higher price.
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