Topic: Jump in with trend and get out with the trend! (Read 385 times)
Getting up with the new trend will always been important because everything is not lead completely trend for long time because trend is limited so we need to change our self for the trend by adopting yourself otherwise we cannot make a huge profit from this market.
Of course, you should always follow the trend.An experienced trader is distinguished by the fact that he can react to some news in time and pick up a certain trend in time.
Normally the trend in crypto is there is a pump when there is a rumor and they dump when the news came out. That's why they said that buy the rumor, sell the news because that strategy is very effective.
Of course, to be able to do it with a right timing, you need to consistently monitor the market, including the rumors so you can act on a timely manner.
Of course, you should always follow the trend.An experienced trader is distinguished by the fact that he can react to some news in time and pick up a certain trend in time.
Normally the trend in crypto is there is a pump when there is a rumor and they dump when the news came out. That's why they said that buy the rumor, sell the news because that strategy is very effective.
Of course, to be able to do it with a right timing, you need to consistently monitor the market, including the rumors so you can act on a timely manner.
This is good. I agree. If we clearly control the situation with stop loss, it is almost 100% of the time will lead us to the desired result. If the deal is good, you can get a very decent profit if we just manage the stop loss.
Exactly that is more than right and everyone will agree but when it comes to the real actions, majority of the people regret not following the rules and the instructions and have loss stories.The trend is right here. Bitcoin is going to go high on the market and the opportunity to make money is the current trend. However, not every one follow and get out with the trend and rather hodl and go against the trend for long term which results in high whooping profits.
Of course, you should always follow the trend.An experienced trader is distinguished by the fact that he can react to some news in time and pick up a certain trend in time.
Totally agree with that. If you are a trader, the best thing to do is to follow the price movements. Don't try to catch a falling knife.
There is a saying in forex and stocks trading that "the trend is your friend" this is truth and I really see this as one of the trading secret not to break and it is good you invest from the beginning of the trend in both directions and sell when the trend is about to come to an end.
So many have incurred losses for not doing so, not selling when everything seems to be coming to a bad end, but still holding on and believing that it'll come up again.In crypto where unpredictability is the other of the day, the trend is truly your friend, you must take advantage of it, buy when the trend is signaling good, and sell when they are ominous signs that it's about to end.
Well you must have the experience to be able to take advantage of trend swings. Many things to consider since we also don't know when the exact start or end of trend will be if we're new to trading. And some overestimate it's length so they miss the right time to ride it. It sounds very simple but you still need to put in work to understand these trends.
Its very easy to say " Trend is your friend" but its very hard to follow. It looks easy when we see some trend trade and think if we would have entered at X point we could have made lots of profit but in real scenario its very hard to analyze with the first candle if trend will start from here. The toughest thing I find is to exit the trade in trend, we actually do not know where the trend will end and when we should close the trade. Many times it happens as soon as we close the trade it goes in favour many points which frustrate trader and next time when trade is not close it starts reversing from that particular point. So all I can say is its true trend trades are always profitable but jumping and exiting from trend is very hard, it needs lots of practice.
Yea best strategy ever. The trend is your friend until the end. Everyone knows that. But the problem in many situations it is not easy to understand the direction of the trend. For example the price of BTC is 3860 USD now and in a small uptrend while the main trend is down. What is your prediction? BTC is going higher or not???
There is a saying in forex and stocks trading that "the trend is your friend" this is truth and I really see this as one of the trading secret not to break and it is good you invest from the beginning of the trend in both directions and sell when the trend is about to come to an end.
So many have incurred losses for not doing so, not selling when everything seems to be coming to a bad end, but still holding on and believing that it'll come up again.In crypto where unpredictability is the other of the day, the trend is truly your friend, you must take advantage of it, buy when the trend is signaling good, and sell when they are ominous signs that it's about to end.
Trend is our friends so just follow it, if we understanding the trend we will more possible to make profit. There are only 2 Trend of market, that is bullish and bearish. So actually will be more easy to earn profit if we understand and follow the trend of market, with risk management and discipline to control emotional, we can make our self become expert trader.
This is good. I agree. If we clearly control the situation with stop loss, it is almost 100% of the time will lead us to the desired result. If the deal is good, you can get a very decent profit if we just manage the stop loss.
There is a saying in forex and stocks trading that "the trend is your friend" this is truth and I really see this as one of the trading secret not to break and it is good you invest from the beginning of the trend in both directions and sell when the trend is about to come to an end.
The most difficult decision to make in trading either crypto currency, Forex and stock is to be able to identify whether the market has reached the bottom. This is because, the position you claimed is the bottom might turn to be the peak later and this kind of a thing has happened to me while trading Forex before now. 
There is a saying in forex and stocks trading that "the trend is your friend" this is truth and I really see this as one of the trading secret not to break and it is good you invest from the beginning of the trend in both directions and sell when the trend is about to come to an end.
I am not focused on trends but I only focus on news in the media about the activities of the popes who are ready to manipulate the price of assets at the market at any time. the whale's power is able to manipulate the market well,
LOL, I thought you're referring to the Pope in Rome,
. This market is based on pure speculation so obviously, any news around will really influence the price and then manipulators or speculators will take advantage of it. We have seen countless past media news that really took a toll on the market so I'm sure everyone is already aware of that. For me, I don't want to complicated things on my end, so my friendly advise if you just jumped when the market is hot and trending specially the alts market if you wanted to make a money specially if you're a day trading and exit on time and book your profits and then rinse and repeat.
I could agree with you that trend trading is the only good/proper way to trade. But there are so many reversal traders out there. In fact the majority of traders out there are trading reversals as we speak. If you wonder why is that, probably because we are instructed to trade the wrong way which is to look for reversals by the experts who have never been successful themselves. So to put it simply, reversal trading is for suckers and trend following is for winners.
I am not focused on trends but I only focus on news in the media about the activities of the popes who are ready to manipulate the price of assets at the market at any time. the whale's power is able to manipulate the market well,
In short you do focus on fundamentals which is really effective when we do talk about crypto market which do most likely react with news specially
when famous people or companies do give out feedbacks so it isnt really effective about minding on the trend unless if you do make swing trades.
I am not focused on trends but I only focus on news in the media about the activities of the popes who are ready to manipulate the price of assets at the market at any time. the whale's power is able to manipulate the market well,
Just following the trend because trend is our friend, that is trading strategy that easy to understanding. We can predict the trend by make analysis in history price, and with stop loss and trailling stop we can maximize the profit. And we should be also manage our natural emotion like greedy and FOMO. If we can do this all thing we are more possible to make alot of profit in crypto market.
Following the direction of the trend is very important to keep us on track and to avoid us making mistakes in trading,though the market cannot be predicted and luck could play a part or the other,so going against the trend at some point could be advantageous,but on the broader view it's best to trade in and out of the trend
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