Topic: Is it time for us to get back to trading? - page 4. (Read 1278 times)
Could it be that OP is running out of option to make some money from bounties or he's just trying to ride the flow because Bitcoin is done halving? Which it is, it doesn't matter since Bitcoin is always volatile and you can't be 100% sure to win in trading but for those who have specialized their skills in order to gain some profit while decreasing the odds of losing or those who have a specialized risk management.
I wasn't a fan of trading but lately I have started doing it.
I simply trade altcoins and I use a variety of options that will make me earn a decent profit. It seems that altcoins can give good rises and eventually profits if you trade them.
Since altcoins have a smaller market cap then their movements are more abrupt than what you see in bitcoin, however this is a double edged sword and can play on your favour or against you, if you are a good trader then this is good news to you as you should get profits over the long term thanks to these abrupt movements but for a trader that does not really know what he is doing then this is bad as he will keep taking bad decisions until his capital runs out. I simply trade altcoins and I use a variety of options that will make me earn a decent profit. It seems that altcoins can give good rises and eventually profits if you trade them.
Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
Ups and down, red and green, bull or bear - all these are part of our trading experience and shouldn't be served as a reference if we will do trade or not.
That's the challenge in doing trades, play with the market, play with the volatility, play with the hype, etc. There's no easy path to success and obviously, you can't just change the direction of the wind of the way you want.
My advice to you is to remove all your doubts as it might affect your future trading strategies. Take note of your mistakes in the past and focus on your goal.
Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
When you take trading as a profession, you do it everyday and that's what traders are doing. It is a sure fact that market condition contributes greatly to the profit generation potentials but however, i know of traders that do make decent profits even during bear market condition. If you are not a pro yet, i'd advise you to limit the amount you risk on trading during bear market condition because the market use to be more volatile compare to during bull market condition
Trading is really weird right now, it is more like waiting period right now because people haven't really made up their minds about bitcoin at the current stage. Everyone wants to profit from it but the price doesn't move all that much. If you are a margin trader or leverage trader you could make a big profit because they have like 100x leverages where you could make a big profit even with small movements. But if you are not like that, there is not really that big of a profit to be made right now.
In 2020 there has been plenty of times where you could have made 100% profits, in total over 200% profit (in fiat) and that was awesome but right now the price just looks like it is going to be boring for a little bit more while, I do not see a huge crash or a big bull.
In 2020 there has been plenty of times where you could have made 100% profits, in total over 200% profit (in fiat) and that was awesome but right now the price just looks like it is going to be boring for a little bit more while, I do not see a huge crash or a big bull.
You can analyze better so you can slowly recover your losses. It doesn't matter if you recover your losses fast or slow because if you are serious in trading, I am sure it's only a matter of time before you can recover your losses.
Not rushing might be helping but in my experience we should not focus on recovering our losses but should focus only on making profits. Both may sound similar but there are a lot of differences. If you are trying to recover then you will get pressurized whereas when you are looking for the right opportunity to make profits then you can trade with all peace of mind. Only peace of mind can encourage you to go further and make more profits.if you do already engage in trading for too long but you do saw yourself not feasible on this field then thats the time you should consider on quitting and finding other ways on how to invest or make money
That must be a right suggestion. There will be no point of keep trying when you are unable to be successful in trading. Recovering losses will be possible only for the traders who make some losses due to out controlled things like sudden market fluctuations but for the people who are consistently making losses should quit before it will be too late. There is no other way to recover your losses in trading if you don't come back to trade. But before you come back to trade, you should have learned some lesson so you can increase your skills, you can trade with better than before. You can analyze better so you can slowly recover your losses. It doesn't matter if you recover your losses fast or slow because if you are serious in trading, I am sure it's only a matter of time before you can recover your losses.
But in the other way, we don't need to push ourselves in trading if we are not capable of doing it and lack of understanding because it only gives us losses in the end. If we can find another way to recover, then we have to try it. Some things aren't for us, we have to accept that. That is why I don't encourage people to come in trading if they feel doubted and lack of knowledge but rather to suggest them to think another way. May investing/holding will help but it is not just simple and it is still needed crypto understanding but lesser risk than trading.
There is no other way to recover your losses in trading if you don't come back to trade. But before you come back to trade, you should have learned some lesson so you can increase your skills, you can trade with better than before. You can analyze better so you can slowly recover your losses. It doesn't matter if you recover your losses fast or slow because if you are serious in trading, I am sure it's only a matter of time before you can recover your losses.
But in the other way, we don't need to push ourselves in trading if we are not capable of doing it and lack of understanding because it only gives us losses in the end. If we can find another way to recover, then we have to try it. Some things aren't for us, we have to accept that. That is why I don't encourage people to come in trading if they feel doubted and lack of knowledge but rather to suggest them to think another way. May investing/holding will help but it is not just simple and it is still needed crypto understanding but lesser risk than trading. hero member
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There is no other way to recover your losses in trading if you don't come back to trade. But before you come back to trade, you should have learned some lesson so you can increase your skills, you can trade with better than before. You can analyze better so you can slowly recover your losses. It doesn't matter if you recover your losses fast or slow because if you are serious in trading, I am sure it's only a matter of time before you can recover your losses.
Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
From the explanation you have made here, I can tell that what you're doing is HODL, and not day trading. As for those who were holding their coins before the price declined, they shouldn't have sold it, especially if you were holding till it dropped to $3k. Anyone that wants to sell their coins should always do so when the drop is little, but if it falls to a very low, then there is no need of selling it. Selling your coins when the price is critically low is of no need, because you're going to lose your money and it doesn't make any sense. If you do that you might be unable to recover the money. So it's best to always just hold it and wait for when it will recover. Right from time I knew that this was going to be temporary.
I think whatever condition got presented by the market is always good for trading as we've seen traders trading almost everyday be it during bear or bull market condition. Undeniably, it is much easier to make massive profit when the market is in bull than bear as every coin seems to be moving upward when in bull but if you understand trading quite well, trading even in bear shouldn't be much of a problem so the take is; everytime is good for trading, all you have to do is be up with your games
Exactly, many people are trading in all market conditions, they are doing very well when preparing for the worst possible scenario. The losses will be very difficult to recover if we wait for the market to recover completely because we also don't know the exact time to not miss the game. 
I think whatever condition got presented by the market is always good for trading as we've seen traders trading almost everyday be it during bear or bull market condition. Undeniably, it is much easier to make massive profit when the market is in bull than bear as every coin seems to be moving upward when in bull but if you understand trading quite well, trading even in bear shouldn't be much of a problem so the take is; everytime is good for trading, all you have to do is be up with your games
Trading has been there for a long time, there has been a lot of people who have been trading in the past 3 months, that is how bitcoin moved from 9k to 4k to back over 9k and now under 9k once again. Without traders those moves wouldn't have been possible and now that its high"ish" again people are trying to get back to trading.
I am sorry but you should have done it when it was low, not when it went back up. For example people who bought under 7k (I did thankfully) are still in profit even with the latest drop. Some people who bought over 9k are angry and calling bitcoin dying and bitcoin a scam and so forth many things, some even left for good, only because they were not smart enough to get in when it was low and saw it go over 9k and imagined it could go even higher and they could make profits, that is wrong thinking, you should buy when its low so you could make a profit, not when it went up.
I am sorry but you should have done it when it was low, not when it went back up. For example people who bought under 7k (I did thankfully) are still in profit even with the latest drop. Some people who bought over 9k are angry and calling bitcoin dying and bitcoin a scam and so forth many things, some even left for good, only because they were not smart enough to get in when it was low and saw it go over 9k and imagined it could go even higher and they could make profits, that is wrong thinking, you should buy when its low so you could make a profit, not when it went up.
A good day to trade is other than the weekend, because the volatility is very big on weekends,
today just the price of a Bitcoin pump and dump is $ 200 more, and if you are a newbie then you can lose your money
today just the price of a Bitcoin pump and dump is $ 200 more, and if you are a newbie then you can lose your money
Active trading is the act of buying and selling securities based on short-term movements to profit from the price movements on a short-term stock chart. Active traders believe that short-term movements and capturing the market trend are where the profits are made. Day traders typically suffer severe financial losses in their first months of trading, and many never graduate to profit-making status. Given these outcomes, it's clear: day traders should only risk money they can afford to lose.
Trading is just like any other business, we can be more profitable if we are in the right time and in the right choice. For we are planning to set back in trading again, it is better to evaluate ourselves and think also the current crypto situation. I'm not sure if we are in the best position to start over but most likely a real trader will approach the market no matter how risk it is and that is what we have now.
Then now, just ask yourselves how prepared you are? Think that not all traders have a good time when the market is high nor to be at a low. Because it can be depending on how you maximize your funds and how to manage decisions in times of difficulties.
Then now, just ask yourselves how prepared you are? Think that not all traders have a good time when the market is high nor to be at a low. Because it can be depending on how you maximize your funds and how to manage decisions in times of difficulties.
Real traders trade every day no matter how is the market: red, green, purple, orange... because it's their job. Even after losses they continue to trade. Here people believe they're a trader when they're gambling with $2000.
Do you imagine if IRL traders from banks and institutions stopped to trade because the markets are entering in a dark period (like currently with covid-19 or like in 2008-2009)
Do you imagine if IRL traders from banks and institutions stopped to trade because the markets are entering in a dark period (like currently with covid-19 or like in 2008-2009)
What more can I say? A real trader doesn't choose the situation of the market as he can always strategize on how to make profit. There is no right or wrong time in trading, if you know what you are doing you can always trade anytime you want. Sometimes you can take advantage if people are in panic mode. But that is all on you how to attack that situation. Just always remember the simple rule of trading : buy low, sell high. Actually, that's very simple but when it comes to actual action, bit hard though.
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@Joyawan13 Although I buy into the ideology of trader trading in any market conditions but that has to be professional that must have studied and mastered their craft. I won't advice you go joining them if you're not capable of duplicating their success. We have traders that profit more when the market is in a downward trend and those who profit in a bullish trend. Although the later is more doable that doesn't means they're less of a trader.
Don't get pressured into doing what won't profit you just because everyone is trying to do it. The market this days is very unpredictable so I would advise to keep holding if that's what you were previous doing before this thought came into your mind. As for the altcoin, I don't think it's their time yet, might just be the market trying to trap some greedy investors/traders.
Don't get pressured into doing what won't profit you just because everyone is trying to do it. The market this days is very unpredictable so I would advise to keep holding if that's what you were previous doing before this thought came into your mind. As for the altcoin, I don't think it's their time yet, might just be the market trying to trap some greedy investors/traders.
We can not prevent bad days when trading. We may lose a lot but that doesn't mean we give up. There are also times that we wanted to give up but giving space is just enough to reflect on past trading ways we have done.
The good thing about our mistakes is that it teaches us to do more effort and to gain more knowledge before we finally get back into trading again. I, myself experienced of almosy giving up,too. But it is not the right idea if we wanted to become a successful trader.
The good thing about our mistakes is that it teaches us to do more effort and to gain more knowledge before we finally get back into trading again. I, myself experienced of almosy giving up,too. But it is not the right idea if we wanted to become a successful trader.
Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
Yeah, the pandemic made all of us trading at one point. Right now life is a bit boring and there is also not much we can spend money on so we are actually doing a lot better economically than before compared to some people who lost jobs. This pandemic created two type of people. One is the people who have lost a lot of money because they lost their jobs or they are on unpaid leave or basically anything like that and they lost money in general.The second one is the people who didn't lost their income but they can't spend it on anything but the things they really need (like food and all) so they have a lot of money saved up at the side. That resulted with people actually getting back into bitcoin or crypto in general since that at least made them have a bit more fun during this very boring period.
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