It will save your capital more than you can imagine

tvplus006

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Quote from: poodle63 on January 11, 2024, 07:41:59 PM

trading is all about reading the market and I do agree with your take, by reading the market, we can definitely try to accept just taking small profit and even cut lossing before its all too late...

But not all ways to read this market, as many simply do not know how to read) It is for this reason that many people buy where they need to fix a position and vice versa, sell where more experienced traders buy. Therefore, we once again understand that profitable trading requires knowledge and experience.

Dimitri94

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Quote from: Barikui1 on December 28, 2023, 09:31:12 AM

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

A common mistake in trading is to take a one-sided decision. That means you are losing but you are still in your way. If one falls into such a situation, he will definitely lose his wealth. Many traders think that the asset he has bought will surely go to his expected level but when it is at a small loss he waits longer to recover that loss but thus at one time he loses a large part of his wealth. One of the keys to profit in trading is minimising losses. A trader's trading is an ongoing process. He can never expect much with a trade. It has to be understood with both skill and experience. Loss in trading is a common thing. Those who never lose can never gain.

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Quote from: Barikui1 on December 28, 2023, 09:31:12 AM

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .
I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

Holding positions isn't bad in it's totality so it will be better to say you shouldn't hold your positions all the time than just saying holding your positions will do more harm. If you are lucky to get on a trade at the beginning of a new trend, the best way to stay profitable on such trade is holding unto your positions, the only time holding your positions becomes a bad one is when you are on a loosing trade then you should be quick enough to understand that the longer you stay on such trend the more losses you will get so you should exit as early as possible and make sure not to every trade against the trend.

There are people who are swing traders, such people hold positions for a long time, sometimes they hold positions for days, weeks and even months, such persons had more profit holding positions than jumping out too quick, it very advantageous to swing traders.

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Quote from: Barikui1 on December 28, 2023, 09:31:12 AM

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .
I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

This is a very difficult thing for traders to do, not just newcomers even traders who have been in this activity for years are also sometimes reluctant to cut losses because I found it on the internet how someone who considers himself an expert in crypto trading to tell people not to cut loss, and said that as long as it is not sold even if the price drops, it is not said to be a loss when in fact it is just a loss that has not been realized but is already a loss because it thinks the market will soon improve and go according to the analysis, but exactly the opposite happens, because I also experienced at the beginning of my trading and how it damaged capital and also mentally because it kept waiting for the market to improve which did not happen.

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: tvplus006 on January 11, 2024, 05:17:55 PM

Quote from: Smartvirus on January 11, 2024, 02:42:54 PM

...You often tend to go all in on your position which in turn, neglects all signs for an out on a trade.

If you allow this type of trading, in which there is a tendency to go all in, then this can no longer be called trading, since it is called a casino. And if a person has such an inclination, sooner or later he will definitely lose his deposit, even if he was lucky at first.

Trading all this will only be a way to spend all the money, because trading will not always be profitable, there will be losses. especially if you only hold coins that are not popular enough. Instead of going all in, it's better to leave some in reserve. the need to learn management to be able to regulate how much capital should be used and how much reserves should be held. this will help trading better and scalable.

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Quote from: Yamifoud on January 06, 2024, 07:53:08 AM

In trading, we don't just learn how to cut losses but also, we must learn how to accept small profits rather than wanting more.
I'd find out that it was not the problem of most traders about their knowledge and skill, and the use of strategies but what went wrong was our uncontrollable greed. Many traders miss their chance to sell their coins for profit because they think that there is more pump coming unfortunately, with the volatility of the market, often we fail and suffer the consequences.

In fact, our main goal is to earn so we take every chance and position our trade on a profiting price, not just for the sake of saving our capital because in the end, we are still losing.

trading is all about reading the market and I do agree with your take, by reading the market, we can definitely try to accept just taking small profit and even cut lossing before its all too late.
thats flexibilty thats required to profit in trade but fairly speaking there are also the need for us to be resilient against sudden market dumping like preventing ourselves from making bad decision of cut lossing when we know its just some flash dump thats gonna recover in no time, so basically we just know what to do at the current time.
other than that there's not really too much in trading many people consider to know fully about TA for trading but I personally never take TA seriously.

tvplus006

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Quote from: Smartvirus on January 11, 2024, 02:42:54 PM

...You often tend to go all in on your position which in turn, neglects all signs for an out on a trade.

If you allow this type of trading, in which there is a tendency to go all in, then this can no longer be called trading, since it is called a casino. And if a person has such an inclination, sooner or later he will definitely lose his deposit, even if he was lucky at first.

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Quote from: Smartvirus on January 11, 2024, 02:42:54 PM

Quote from: Oshosondy on December 28, 2023, 09:37:26 AM

Quote from: Barikui1 on December 28, 2023, 09:31:12 AM

I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

If a trader is using high leverage, liquidation of trading fund is common to those kinds of traders. Also the type of coins you are trading is very important.

I might understand when you talk about liquidation of trading capital when it’s hot to do with leverage trading but, how does this really relates with the type of coins.
The crypto market is already a highly volatile space and that cuts across most coins especially, coins that have gained some significance in the cryptospace. Wouldn’t that be safe for some form of generalization?

Coin are volatile than one another. If you have been trading on derivative market, you should understand this. Example of a coin that I remember that was very volatile recently is TRB. There are many altcoins that behave like this. Check TRB daily char below:

Let me take it to 15 minutes chart when that fall occurred:

Falling from $569 to $285 within some minutes. Some traders could have predicted it but it was a liquidation for those that open short position at the wrong time, even if they used 1x leverage as it fell abruptly and decreased further.

Try and look at some altcoin charts and see how volatile many of them are.

If I continue to explain, you will see how whales can easily manipulate some coins and tokens. You can check the chart of some coins on derivative market that is having a marketcap not more than $12 million which can easily be manipulated.

It is good to make research before using a coin to trade. But if I should advice, using those like bitcoin and ethereum is better. They are volatile but less volatile which makes them better.

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Quote from: Oshosondy on December 28, 2023, 09:37:26 AM

Quote from: Barikui1 on December 28, 2023, 09:31:12 AM

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

If you are using leverage, you can open a position and set take profit and stop loss. But if you use averaging, that may not come your mind. Using stop loss depends on the type of trader that you are.

That’s often the case as in leverage trading, you’re rather conscious of established limits and you often ensure to activate your SL or TP which is not often the case when you’re averaging. You often tend to go all in on your position which in turn, neglects all signs for an out on a trade.

Quote from: Oshosondy on December 28, 2023, 09:37:26 AM

Quote from: Barikui1 on December 28, 2023, 09:31:12 AM

I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

If a trader is using high leverage, liquidation of trading fund is common to those kinds of traders. Also the type of coins you are trading is very important.

I might understand when you talk about liquidation of trading capital when it’s hot to do with leverage trading but, how does this really relates with the type of coins.
The crypto market is already a highly volatile space and that cuts across most coins especially, coins that have gained some significance in the cryptospace. Wouldn’t that be safe for some form of generalization?

Mate2237

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That should be a proactive measure to defend and protect your trading to get lose. And one of the things not do to avoid lose in trading is consciousness. If your are conscious in the trade them you will know when to stop when the trading goes wrong and when you making progress or profit. Some people would just place the trade and start monitoring it without knowing whAt to do if the the trade is good or bad.

And as you said, really ego make traders to lose so when you are trading don't bring it to it so that you will concentrate on the trade very well.

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Quote from: cafter on January 01, 2024, 01:48:46 AM

it's hard to cut loss when the position is going against the trader, because the psychology is in this way first we tend to hold losing trade in hope. and take profit when our position is in little profit because of fear.
so keeping emotion aside while trading is very important. also if a trader realizes that he is wrong in that trade then he need to close the trade. but sometimes it get in profit after going toward the stoploss.
when i trade i don't have "ego" or something because I mostly hold for losing trade in hope of a reversal.

Sometimes in life, you must learn how to let go. It is hard but it can help us to be better. This is a lesson that we can apply in that trading scenario there. Besides, trading is also about cutting losses, if we are not on the profiting side.

If we want to HODL after a losing trade, then it's better if we just do investing instead. Taking a little profit is still better than selling at a loss, but next time we should try to be courageous, so that we can also earn more profit. Being courageous is I think still an emotion. There are other positive emotions too, which can help us. So keeping them is a good idea. It was only the negative ones are the ones that we should disregard.

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Quote from: Yamifoud on January 06, 2024, 07:53:08 AM

In trading, we don't just learn how to cut losses but also, we must learn how to accept small profits rather than wanting more.
I'd find out that it was not the problem of most traders about their knowledge and skill, and the use of strategies but what went wrong was our uncontrollable greed. Many traders miss their chance to sell their coins for profit because they think that there is more pump coming unfortunately, with the volatility of the market, often we fail and suffer the consequences.

In fact, our main goal is to earn so we take every chance and position our trade on a profiting price, not just for the sake of saving our capital because in the end, we are still losing.

Greed could sometimes make us more motivated to trade more, but it could also be a an instant way of losing as our emotions tend to be more uncontrollable that is actually a bad move for trading. Most particularly for beginner traders as they often believe that bitcoin price will move upward constantly, not realizing that volatility can hinder that.

Trading is not a get rich quick scheme, hence we should not jump into trading for big profits instantly. If there are small profits on hand, that would be a lot better than to trade and lose it all.

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Quote from: rojan on January 08, 2024, 09:07:18 AM

Quote from: |MINER| on January 07, 2024, 04:40:26 AM

It is also a human quality to identify one's own mistakes and correct them. People can prevent themselves from making those mistakes again if they can identify their own mistakes. Repeated mistakes in trading can cost you everything. Trading is a very sensitive matter. Small mistakes here can cause huge losses. So trading should be done very carefully. Every step should be understood.

If one goes into trading without understanding about trading then he can never earn money from trading. Small mistakes often lead to loss of money. We can learn big lessons from small mistakes because we are never excited while trading. It can't be. If someone trades with other people's intelligence, he will never be successful. First of all, we have to get a good idea about trading and then we have to start trading.

No one is an expert from the beginning, you must make a lot of mistakes to became expert and by making mistakes you will realize your own mistakes and one day you will become an expert in correcting them. Be it in the field of trading or any other field. you can never become an expert without making mistakes. So the more mistakes you make, the more likely you are to do well if you put in the effort But if you start blaming yourself and consider yourself a failure after making a mistake, you will never become an expert.

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Definitely if you manage to control the loss and obviously make less loss, then you will have more funds to fight back against the market. This has been always followed by many veteran traders and not new if you are trading for long term. It will definitely save the capital, the funds and this will help you to trade with more confidence and can help you to imply multiple strategies. We have seen that often the newbies don’t follow this and hence blame the market at last if they make heavy losses.

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Quote from: |MINER| on January 07, 2024, 04:40:26 AM

It is also a human quality to identify one's own mistakes and correct them. People can prevent themselves from making those mistakes again if they can identify their own mistakes. Repeated mistakes in trading can cost you everything. Trading is a very sensitive matter. Small mistakes here can cause huge losses. So trading should be done very carefully. Every step should be understood.

If one goes into trading without understanding about trading then he can never earn money from trading. Small mistakes often lead to loss of money. We can learn big lessons from small mistakes because we are never excited while trading. It can't be. If someone trades with other people's intelligence, he will never be successful. First of all, we have to get a good idea about trading and then we have to start trading.

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Quote from: Altryist on January 06, 2024, 09:19:39 AM

...The worst thing is if a trader allows a case when he stays in a trade for a very long time and eventually waits for his trade to go into a loss again. On the other hand, it makes no sense to exit the trade too early, in this case, the trader may miss out on a large part of the profit. You need to look at the market and act accordingly.

In this case, it would be the right decision to sell your position in parts. But if the price moves in the opposite direction to your expectations, you need to use a stop loss, which will help you reduce losses, preventing the liquidation of the position.

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It is also a human quality to identify one's own mistakes and correct them. People can prevent themselves from making those mistakes again if they can identify their own mistakes. Repeated mistakes in trading can cost you everything. Trading is a very sensitive matter. Small mistakes here can cause huge losses. So trading should be done very carefully. Every step should be understood.

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Stopping losses by applying stop loss is always recommended to avoid large losses. And if market conditions change, we can still have capital to continue trading or choose to stop trading if the market still changes direction.
Traders have difficulty putting aside their egos, so they still force themselves to make big profits. They should realize that if market conditions immediately change direction, they will not be able to make big profits.
And if they can only get a small profit, they should be able to accept it.
There will come a time for them to make big profits again, especially when the prices of those coins start to increase again after the correction is over.

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Quote from: Yamifoud on January 06, 2024, 07:53:08 AM

In trading, we don't just learn how to cut losses but also, we must learn how to accept small profits rather than wanting more.
I'd find out that it was not the problem of most traders about their knowledge and skill, and the use of strategies but what went wrong was our uncontrollable greed. Many traders miss their chance to sell their coins for profit because they think that there is more pump coming unfortunately, with the volatility of the market, often we fail and suffer the consequences.

In fact, our main goal is to earn so we take every chance and position our trade on a profiting price, not just for the sake of saving our capital because in the end, we are still losing.

In crypto trading, for some reason, there is an opinion that if these are high-risk assets, then the profit should also be extremely high, but learning to keep the profit is important in trading, perhaps you don’t always need to wait x10 or more.
The worst thing is if a trader allows a case when he stays in a trade for a very long time and eventually waits for his trade to go into a loss again. On the other hand, it makes no sense to exit the trade too early, in this case, the trader may miss out on a large part of the profit. You need to look at the market and act accordingly.

Yamifoud

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In trading, we don't just learn how to cut losses but also, we must learn how to accept small profits rather than wanting more.
I'd find out that it was not the problem of most traders about their knowledge and skill, and the use of strategies but what went wrong was our uncontrollable greed. Many traders miss their chance to sell their coins for profit because they think that there is more pump coming unfortunately, with the volatility of the market, often we fail and suffer the consequences.

In fact, our main goal is to earn so we take every chance and position our trade on a profiting price, not just for the sake of saving our capital because in the end, we are still losing.

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