Topic: Is anyone using Price Action to trade full-time? - page 2. (Read 289 times)

There are many traders who use price action (PA) as their primary trading method and aim to become full-time traders. However, it's important to remember that trading can be a challenging and risky endeavor, and success requires not only a sound trading strategy but also discipline, patience, and risk management skills.
It's essential to continue to study and refine your trading approach over time, and to be open to adapting your strategy as market conditions change.

if there are too many strategies or trading methods, in my opinion, it will also make us dizzy, in my opinion, several methods are enough to respond to market movements. or just relying on one method can also make us successful in trading, as long as we can find out the weaknesses of the trading system that we use, considering that there is no trading system that is suitable for use in every market condition, of course there are weaknesses, and we must be prepared for the risks, this is where Psychology plays a very important role

Gonna rely on the single method in the trading world? You better be ready for various types of strategies to overcome your losses in the long run. By the way it’s not as easy as it sound. Just having few months to a years experience isn’t enough when entering into the crypto trading. The market is so volatile and unpredictable that one method may not continuously work on your trading for that particular trade zone. People are plotting dozens of graphs to understand the next move of crypto and here we are just relying on single only method. That ain’t gonna work for very long mate. In addition, it’s highly risky to put all the faith in single income source. Better yet manage that properly.

Don't feel frustrated because trading is like that so you are not the only one in that outcome but if you have passion for trading then you will go on until you find a profit taking strategy.


Alright and congratulations that you have finally landed yourself in one pattern you feel is the goose that will lay the golden egg.
So you want validation to your PA right? Sorry nobody will rely just on one trading indicator. Combine your price action with other indicator to see if you will like it more, that will help you to get confirmation to enter trade or not.

Price action reflects market psychology that is very important for market movement so if you manage it, you can trade well. A next issue is manage your portfolio safely enough. By safely enough, I mean you won't use all money for trading and don't think you will get profit with every order you open. You will have to accept that if your order does not give you profit, you have to exit it to protect your capital as much as possible.

A draw or a small lost exit is better than a big loss or a serious liquidation. If any trader can do it disciplined, he is a true trader because he can do a most important thing with a trader, protect his capital.

Oh, I hear you loud and clear! I've been down that road too, trying a million trading methods and torching my wallet before I finally settled on PA. It looks simple, but it's got some serious punch when you master it!
Dream big, my friend! Full-time trader? Bring it on! When I first dipped my toes into trading, I was dead set on becoming a millionaire in no time. Didn't happen, but hey, shoot for the moon! Just remember to stay focused, disciplined, and don't let the market bully you.

If you feel that PA can be useful for trading, I think it might be the most suitable for you. Usually, traders constantly looking for methods that can work for them will find which strategy or method can help them in trading and you have found it so that it can work for you.

My advice is that you really understand PA and keep practising so that your market analysis skills can improve. In trading, I just try to buy low and sell high and if I can only make a small profit, that's enough for me but I will repeat the trade a few times. Usually, I decide to trade like that if the market movement is good so I can enter the market on time.

Trading is quite good and admirable when you understand the scope of Trading without venturing into the lost aspect frequently,  so therefore I believe that trading have to do with skills and concentration, which if you wants to be full time trader have to be curious and learn the rudiments of Trading and also comprehend the factors that hinders trader's or leads trader's into negative impact during Trading,  what I will advice,  is to scrutinised the market and learn how to use chart to examine  increment and decrement of market.

Market trends are surpassed by price actions in the market during a trade. However trading is a difficult task to point out profits but with good trading strategy, one should be able to flip a $200 accounts into a $400 or $600 within 10mins, can be possible with in the lostsize of 10.00 or 5.00. Price actions is very active in the market with strong backup resistance and support on trading charts. Although liquidation is available for those traders that triggered wrong trading and they're not eager to close the trade in a hurry because they think it might bounced back to their trading target.

Can u share the chart of price action trading I just want to know, it might suitable for me too.

But before deciding to become full-time trader you need a lot of consideration. Everything can be wrong you know right the risk of trading.

Real money is at stake and also controlling emotion and money is sometimes can be hard. But Good Luck with your trade.

Price action is a trading strategy that highly depends on candle behavior. It ignores indicators and any fundamental analysis which makes user focus on the candle stick. This is a good strategy for token that performing with same pattern for a long time like Bitcoin.

I just don’t know if being a full-time in crypto trading is advisable since there’s a time which the price moves abnormally in a very volatile manner you can lose hard at some point of your trading that might cause you to lose all your profit that you earn on your previous trade. You might encounter a lot of fake sign on crypto trading because there’s always a risk of manipulation from whales.

Stocks and forex are the best asset to  use this strategy because they are consistent. The only consistent in Bitcoin is the pump and dump based the fundamentals which is being disregarded by your strategy. This is not a good idea if you will do it in daily basis.

Price action is a good method that can help you to build up your own strategies to succeed with trading.

Like other methods and many strategies, you can not apply it every time and succeed. Trading is difficult and most of traders lose money with trading and it is a big note you must know and keep in mind.

There are supports and resistances which flip together at important point in the market. Those flippening points are dead points for most of traders as market will have either Long squeeze or Short squeeze and traders who don't exit market by closing their positions will be liquidated by market and exchanges. Liquidations when happen will eat most of your initial capital.

Aiming to become a full time trader will require more knowledge about it, Price action is a good one but of course you still need to learn other indicators so you can know if PA is not working you can still use your other strategy to deal with the market. Trading is not easy and there’s no assurance for profit here, if you want to trade full time make sure you are financially capable to do this.

I guess that many are also using that method and if you're planning to become a full-time trader, it's more likely that you've been quite well in the market and you think that you'll be able to take the risky path of being a full-time trader. There's no need for you to manage your time but just need to monitor the market on a daily or every other day basis or any time you wish. But it's also best to learn more about the other strategies that are in the market and you should be aware of reading the charts and candles as much as possible so that, you can choose the best possible strategy that you're confident that you'll be able to use as you day trade. It may sound simple as it may seem but it's really hard to be one.

Thank you for your analysis and advice. As you said, risk management and patience are the keys to trading.

You want to become a full time trader? Which means you want to fully depend on trading, isn't it? That is not advisable at all, you should have other business that you are doing. In trading, you need proper quality trades, this can be done or maximized if you have other things that you are doing other than trading. Trading is good if you go in the proper direction.

Price action is good, but it is only meant for traders that are very patient. Many institutional and retail traders can even make use of it, but it has its own strategies that are used to trade it. Traders that are using price action to trade are patient, they may not open trade until they see a massive increase or decrease in the price of a coin, like bitcoin. If the price has increased or fallen very significantly, they open a sell or buy position so that they can make money and profit from it. They may not stay long at times because the market may first go your direction and start to go opposite direction later.

There are some strategies that can be helpful for it like trend trading, trend after a retracement entry, trend after a breakout entry and many others. If you can learn about it very well, be patient before making decision, you can make money from price action. But you also need to set price alerts too to make sure you are notified if certain price has been gotten too.

Lastly, you should always remember that you should not use the amount of trading fund that is more than the amount of money that you can not afford to trade. Also read more of risk management. Do not let trading interfere with your quality daily time too.

After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?