Topic: I am not lucky in trading - what am I doing wrong? - page 9. (Read 2112 times)
Do you use indicators that you trust to analyze the trading? I thought maybe you were just wrong in predicting and reading price movements. so you don't get profit. the best way is that you should try to be better at seeing market conditions, price chart movements and so on before deciding on the next step
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
It is said that "he who trade with emotion shall suffer" (idk who said that, i just made it up Don't trade with fear
)But anyway, it is useless if you do trade with your emotion because there are times that you can't control your emotions and the shit happens will always follow. That's why we have to trade when we are ready not when we want to chase those losses.
Yes it is not possible to predict the full price BTC, BTC Price can go up and down very fast.
So if you intend to make a daily trade, when it is getting a direct profit selling does not matter when the price rises again.
You can buy when the price goes back down, although it is uncertain when you buy the price going up
So if you intend to make a daily trade, when it is getting a direct profit selling does not matter when the price rises again.
You can buy when the price goes back down, although it is uncertain when you buy the price going up
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
Don't trade with fear
First is your bankroll, learn how to manage it. I give an example, you have 1000 dollars and you plan to trade. Buy when price is red sell when is green, sounds easy right, but don't buy with all the money you have, buy for 100 dollars, that is 10% of your amount. If price dips more buy again, again 10% more or less, and like that as long as price goes down, when it hit green for the first time you will see can you sell some amount like 5%, depends on green and profit, if it goes up after that sell again, if it goes down buy again. Be patient and don't forget at what price you bought so when you sell to be in profit, not loss. With bitcoin trading I never cut loses and price always bounce back after some 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.
I think this happened because of your inexperience in identifying market trends and market corrections. This is one of the very basic things that traders need to know and master it well before trading with large amounts of money.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.
As far as I know, when bitcoin falls sharply at some point, it will certainly have a correction. it happens because the crowd thinks that this is the bottom of the market at this point so they will continue to be stronger. and you should take advantage of that opportunity to sell bitcoins, not when they have just hit the bottom.
Am I doing something completly wrong? Or it is not possible to predict the movement of btc?
There is nothing wrong according to the basic theory but you just lack experience in trading, there are many aspects of consideration to determine when we have to OP, TP, CL. Your mistake is only to focus on one strategy, the support line, but you don't consider other aspects that can affect the market. I myself usually use a lot of judgment to make decisions, whether fundamental or technical.
I think you need to be updated about news about bitcoin when you use it as a trading coin. You are not wrong timming but I can say that you are not knowledgable enough about proper trading of your coin. You need to monitor every changes and movement of bitcoin price because all we know that it is the key to make good decision when to stop or to make additional investment.
Actually, this happens to others not lucky during trading selling at the price you desired then suddenly it goes up without expecting the market to increase. That’s a plus to monitor the movement of certain coins but take note we cannot predict the price. I’m not also good at trading but this failure makes us next time to do good during trading.
I think you need to be updated about news about bitcoin when you use it as a trading coin. You are not wrong timming but I can say that you are not knowledgable enough about proper trading of your coin. You need to monitor every changes and movement of bitcoin price because all we know that it is the key to make good decision when to stop or to make additional investment.
It looks like its not about luck, its about patience and you have to educate yourself in reading charts and graphs. You cant rely only on volume. RSi will tell you if the coin is overbought or oversold, expect changes if either of that reaches its limit. Learn to use Bollinger Bands, it will help you decide if the trend will continue. And patience, learn to have a lot of patience, if price drops and its not what you expect, just hold and dont panic.
I am not an expert trader but, you cannot rely on volume only, I think there are some pictures in the internet that shows different pattern, by just observing the candlestick, and I think it is the best and easiest way for like us that is still learning in this market. Also, do not put all your asset in just one order, I mean you need to split it in a little higher than the last bid and little lower than the last bid, it is the easiest way that Im doing sometimes, I advice that you need a lot of patience in order for you to learn, one step at a time, read and watch trading tips online. 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?
Always consider to enter and sell out on a specific time if you do like to be profitable. Emotion is one of the factor that do affects our decisions towards it so we should really need to somewhat get rid
of this emotion if we do like to progress on our trading activity.
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?
I have also been in loss was in market since 2018 and was still holding when I bought the BTC at bubble...
Now I am doing SIP in bitdroplet.com/ around 15$ a month for long term investment to reduce my loss using DCA (Dollar cost averaging) technique...
If you take into account investments in Bitcoin at the end of 2018, then this is almost a very profitable investment, compared to the prices that exist today. But I did not understand the topic that you are talking about. What do you mean that you spend $ 15 each month to buy bitcoin? If so, then this is indeed a very good strategy to minimize your losses. But it seems to me that $ 15 for such manipulations will be a very small amount. Or did I misunderstand you? Now I am doing SIP in bitdroplet.com/ around 15$ a month for long term investment to reduce my loss using DCA (Dollar cost averaging) technique...
Luck is a very small part of the trading game. You see.. trading is one of the hardest activities in the world. If it was easy everybody would be making tons of money and living in palaces. There are certain skills that you need to master before considering yourself able to make constant profits from it. Those are technical analysis, risk management and controlling your emotions.
It's not like we want to buy or sell goods whose prices tend to be stable or still within our estimates, yes. Trading really needs everything you say. Plus we must continue to learn and update the latest information at all times. So it's not like we buy a coin from ICO for example, then we hope that the price will go up. Trading is more complicated than that. And it will be very interesting if we really are professional in carrying out its activities 
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.
Relying on volume indicator might not depict the over picture of the market thus resulting to your buying and selling at the wrong time, more so indicators do lagged with the price thus you might need one or two more indicators while taking your time to learn price action this would enable you not to be too much dependence on indicators there are countless numbers of valuable materials on the internet on price action which can serve as a guide to aid your trading journey.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.
Luck is a very small part of the trading game. You see.. trading is one of the hardest activities in the world. If it was easy everybody would be making tons of money and living in palaces. There are certain skills that you need to master before considering yourself able to make constant profits from it. Those are technical analysis, risk management and controlling your emotions.
I have also been in loss was in market since 2018 and was still holding when I bought the BTC at bubble...
Now I am doing SIP in bitdroplet.com/ around 15$ a month for long term investment to reduce my loss using DCA (Dollar cost averaging) technique...
Now I am doing SIP in bitdroplet.com/ around 15$ a month for long term investment to reduce my loss using DCA (Dollar cost averaging) technique...
Practice on demo or very small account, once you skills get sharpen then only come to trade a real account.
Simulators applications are good to try, we have real time market but not real money at risk. Sometimes it makes me regret not investing or trading when I use it in simulator. When you already understand the market and those techniques we practice in simulators that the time to risk by ourselves. 
Trading is actually one of the toughest task to do. Many people say "Trend is your friend" but catching trend is again not easy, once you are in, managing the position is something that needs more more attention. Trading should be done with proper planning.
1. First of all you need to have some strong base to take a trade, what are the market conditions that make you to think to go long or short.
2. You should have already calculated risk and reward. What do you get if this trade hit TP and what do you lose if it SL.
3. Keep emotions out of trading.
Practice on demo or very small account, once you skills get sharpen then only come to trade a real account.
1. First of all you need to have some strong base to take a trade, what are the market conditions that make you to think to go long or short.
2. You should have already calculated risk and reward. What do you get if this trade hit TP and what do you lose if it SL.
3. Keep emotions out of trading.
Practice on demo or very small account, once you skills get sharpen then only come to trade a real account.
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.
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